The young financiers making the mistakes change but the flaws in the incentives and risk models at the heart of the global financial system remain basically unchanged.
Based on FPGAs, Celoxica released a low-latency platform for futures traders seeking to capitalize on short-term price disparities on CME/ICE and Liffe/Eurex.
By John McCrank and Jonathan Spicer, Reuters | December 21, 2012
Duncan Niederauer, the chief executive of
New York Stock Exchange operator NYSE Euronext, once
boldly proclaimed that his company could not be acquired.
By John McCrank and Luke Jeffs, Reuters | December 21, 2012
IntercontinentalExchange's $8.2 billion takeover of New York Stock Exchange owner NYSE Euronext allows it to tap into a dramatic expansion of demand for clearing financial derivatives expected next year.
Leading front-end trading applications in FX, fixed income and OTC derivatives have moved quickly to adopt HTML5. But this is no technology fad, writes Mazy Dar, CEO of OpenFin.
Goldman Sachs Group Inc said on
Tuesday the bank's senior management had never "seriously"
looked at spinning off all or part of its commodities business,
as the bank faces tougher regulations that restrict its trading.
High-frequency trading shops are having a difficult time in the current marketplace, as trading volumes remain extremely low. This week, Eladian closed its doors due to the weak market. Who will be next?
GoTrade+ is a middle office service that supports post-trade activities of complex traded transactions including bilateral and cleared OTC derivatives.
Bank dealers will lose 20 percent of their trading revenues when mandatory clearing of OTC derivatives begins, but they can recoup these lost revenues through "collateral optimization," contends Sungard's Daniel Parker.
Peregrine Financial Group's bankruptcy
trustee is seeking court approval to distribute $123 million to
former customers of the futures brokerage, the first they would
see of their funds since Peregrine's collapse in mid-July.
CME’s announcement is a challenge to Europe's biggest derivatives trading exchanges and comes after regulators blocked Deutsche Borse's merger with NYSE Euronext.
CIO Stephen Davy is leading efforts to analyze and enhance Newedge's processing systems in order to differentiate the firm's global clearing and execution business.
The California Public Employees'
Retirement System (CalPERS) lost 11 percent investing in
commodity derivatives in the last financial year, according to a
performance report published on Monday, making it the second
worst-performing asset class in the portfolio.
A CFTC panel agreed on the urgency of developing a technological solution for verification of funds in customer segregated accounts, but one industry veteran, warned not to wait until everything is perfect.
Wall Street’s take on ethics and the downfall of PFGBest dominated financial news this week, while the CFTC finally approved rules for derivatives trading and HSBC admitted that for years it had done next to nothing to prevent money laundering.