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CFA Institute Sends Letter on OTC Derivatives Reform to Congress
Standardized derivatives should trade on regulated exchanges and clear centrally, states CFA's letter, citing investor group's report.
TGIF: Has Halloween Become Overcommercialized?
Has Halloween Become Overcommercialized?
The Onion delves into this pressing issue.
Direct Access Partners Hires Team from Van der Moolen Group
US institutional brokerage team exits Van der Moolen Group to join Direct Access Partners, citing access to multiple asset classes and prime brokerage.
FINRA To Focus on Fraud and Facebook
The Wall Street regulator has redefined its priorities, and fraud detection and social networking are two prominent ones.
Finding Hidden Dangers in Spreadsheets
So much valuable information on Wall Street is stored in Excel spreadsheets, it's worth keeping an eye on them to spot fraud and errors before auditors do, says Ralph Baxter, CEO of ClusterSeven.
Nasdaq Builds A Social Network
Letting Nasdaq devotees swap stock tips.
Bank of America Merrill Lynch Launches Brazilian Algos
Bank of America Merrill Lynch has launched its algorithmic trading platform in Brazil.
G2 Systems Joins Forces with HighRoad Fund Services
G2 hires HighRoad's founder to add solid fund administrator and fund accounting consulting services to its practice.
Datawatch Upgrade to Ease Fraud Investigations, Expert Says
Datawatch's Monarch software, which converts reports to Excel spreadsheets, can now embed the original source document in the Excel file. Fraud examiner Phillip Levi says this should shorten and simplify internal fraud investigations.
Robert McCann Now CEO, UBS Wealth Management Americas
Former Merrill brokerage chief settled in new position nine months after leaving BofA/Merrill.
Lime Brokerage to Offer Marketcetera's Automated Trading Platform
Lime will tap Marketcetera's open-source software platform to enable rapid implementation of new equities trading strategies.
How Prosecutors Wiretap Wall Street
Hearing that the alleged Raj Rajaratnam-led insider trading ring was detected using wiretaps and that the U.S. attorney for Manhattan, Preet Bharara, plans to employ the same kind of electronic surveillance for future Wall Street investigations, we were momentarily seized with the geeky desire to know how these wiretaps are performed. Are agents sneaking into offices and homes in the middle of the night to bug phones?
Scottrade Fined $600,000 for Failing to Monitor Transactions
This could happen to you: FINRA told the online brokerage that having compliance officers look for suspicious activity is not enough, software monitoring is necessary.
Nothing Has Changed, Paul Wilmott Says
Risk models are OK, says famous researcher and quant who predicted the subprime crisis, but they need to be paired with common sense rather than a sheep-like mentality.
High-Frequency Trading Firms Seeking Tech Talent
High-frequency trading firms are recruiting programmers and other tech talent. But some prefer Google and Microsoft alumni to Wall Street veterans.
Inter-Pacific Securities Goes Live With SunGard's GL Net for DMA
Malaysian brokerage firm utilizes SunGard's GL Net to trade directly on Malaysia's derivatives exchange.
Inter-Pacific Securities Goes Live with SunGard’s GL Net
Inter-Pacific Securities uses SunGard’s GL Net for direct market access to Malaysia
S&P Offers Residential Mortgage Data
New data feed provides information about mortgage originations and performance.
The Case for Insider Trading
In a story in the Wall Street Journal's weekend edition, Donald J. Boudreaux, an economics professor at George Mason University, defended insider trading as a way to make markets work more efficiently and encourage investors to diversify.
Q&A With Bats COO Chris Isaacson — Managing IT for A Growing Exchange
Developing proprietary programs, measuring latency, expanding the footprint and meeting the ever-increasing need for speed.
Wall Street Reacts to Executive Pay Curbs
Andrew Ross Sorkin, New York Times columns, discusses Wall Street's reaction to the Treasury and Federal Reserve's new rules that would curb pay at U.S. financial institutions.
Downsized, the Web Series
Self-help guru offers advice to those affected by the recession.
Workers Reflect One Year After Leaving Wall Street
It's been a little over a year since the markets and economy imploded, resulting in massive layoffs in financial services. So what have some former financial workers been doing with their time?
The Bar Code of Financial Markets
After 40 years CUSIP numbers are becoming more vital than ever.
Regulators Urge Financial Firms to Get Risk Data in Order
Mergers and acquisitions have created for many firms a hodgepodge of databases that need to be integrated and normalized, a report finds.
Fidelity Launches New Online Platform For Foreign Stocks and Currency Exchanges
New platform expands capabilities for retail investors, broker-dealers and
advisers to trade international stocks and exchange foreign currencies.
Wall Street Compensation and Investment: A Different Take
The likelihood of deferred compensation may trouble Wall Street professionals. But on the bright side, it should fuel a deferred compensation-based investment boom.
E-Discovery: Remembering Forgotten Data
Electronic discovery is proving to be one of the most powerful tools in the corporate and legal arsenal. As corporations come to rely more heavily on e-discovery, however, some serious flaws in traditional e-discovery processes have become more and more prevalent.
Mitsubishi Upgrades Fixed-Income Pricing Engine
New solution, Gissing ConteX 4, should find and validate bid and ask prices.
What's New In Market Data?
While in the case of Canadian equities we're seeing a push to provide a consolidated data feed from all the various Canadian equity ATS and marketplaces, in the options world, traders already have the consolidated feed and want specialized, direct feeds from each venue.
TradingScreen Connects to BGC Partners’ eSpeed
TradingScreen Connects to BGC Partners’ eSpeed
The CFTC's Warning that Went Unheeded
PBS's FRONTLINE takes a look at how the CFTC tried to regulate the derivatives markets back in the fall of 2008.
Trillium Asset Management Hires Patsky As CEO
"Socially responsible Investing" pioneer to helm SRI firm.
Dow Jones to Try Charging for Wall Street Journal-Related Content
Packaging Wall Street Journal articles with Dow Jones news feeds and Factiva search, for a monthly fee.
NYSE to Shine Flashlight on Dark Pools
Goldman Sachs, Getco, Barclays Capital, Knight, and UBS have all agreed to "print" dark pool trades to NYSE Euronext's Trade Reporting Facility.
IBM Debuts Virtualization Manager for Data Centers
VMControl said to help manage environments with disparate virtual machines and hardware.
Currensee Offers Facebook-Like Community to Lonely Foreign Exchange Traders
Providing foreign exchange support by letting forex investors find like-minded traders and compare notes as well as execute trades.
Hudson Bay Capital Deploys Sophis Solution
Hudson Bay Capital, a New York-based hedge fund, has selected Sophis Value to support trading across multiple asset classes.
Kairos Asset Management to Use CEP for High Frequency Trading
Brazilian hedge fund will use StreamBase's complex event processing software for equities and FX trading.
Thomson Reuters Launches Ultralow-Latency Access to SBI Japannext
It's first to offer microsecond access to direct feed of SBI Japannext alternative trading venue, said Thomson Reuters.
SR Labs Launches Hosted Market Data Feed Handler for High Frequency Traders
Options IT to provide data and technology infrastructure.
WS&T's 2009 Gold Book: Wall Street's Top Technology Leaders Drive Innovation in Tough Times
Managing IT during a bull market is relatively easy. Managing a technology organization during a financial crisis is a different story. WS&T recognizes seven IT leaders who have driven exceptional technology innovation during the past year.
Managing IT With a Long View
While many financial firms have been forced to budget and manage on a quarter-to-quarter basis during the financial crisis, successful information technology managers have been able to plan and manage with view to long term objectives.
SEC Hires Goldman Exec to Be COO of Enforcement
To be filed under WTH: the news that a Goldman Sachs executive - Adam Storch, vice president in Goldman Sachs' Business Intelligence Group - has been named the first COO of SEC enforcement.
NYC Brokerage Pressprich Grows Its Use of Hosted Apps
Using Codestreet's hosted trading platform for its bread and butter, fixed income securities, and to quickly get into equities; working with the vendor to develop a way to post research through Bloomberg.
Nomura Releases First U.S. Equity Algos
Continuing the build out of its U.S. electronic trading offerings, Nomura has released a core set of algorithms for equities as part of its global ModelEx strategies.
Dow Jones Parties Like It's 1999; Meeting Murder Mystery
What does it mean that the Dow hit 10,000 yesterday? Jon Stewart explores this question. Also, employees bring their killer instincts to a Company Corporation meeting.
Eze Castle Rolls Out Hosted CRM for Hedge Funds
Hosting and customizing NetAge's Dynamo software for hedge fund clients.
KaChing Adds Professional Advice and Live Trading to Its Social Network
An agreement with Interactive Brokers lets edgy social networking site kaChing offer trading services and advice from professionals, whom users can mimic. Investment firms like Fairview Capital are signing up as professionals on the site.
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