August/September 2009
SPECIAL REPORT: REGULATORY REFORM Inside the Obama Administration's Road Map for Financial Regulatory Reform The Obama plan, which would turm the Fed into a systemic risk regulator, calls for tougher capital requirements, transparency in derivatives reporting and stricter oversight of hedge funds. Deutsche Bank Securities Invests in Compliance Tools to Prepare for Fiduciary Standard Obama regulatory overhaul could give brokers the same fiduciary standard as investment advisers, and firms such as Deutsche Bank Securities are bracing for the challenge. Obama Plan Would Require Hedge Funds to Register With the SEC and Report on Exposures Experts expect new regulations to ask hedge funds to provide data on leverage and exposure to market events while requiring independent evaluation of books and records. Compliance With Tomorrow's New Regulations Starts With Data Management Today As the Obama administration maps out new regulations for the financial industry, firms must ensure they have tools -- and most important, the processes -- in place to comply. SPECIAL REPORT: CARBON CREDIT TRADING Is Carbon Trading the Next Big Thing? The U.S. carbon credit trading business could take off if the Senate passes the Waxman-Markey climate change bill. Current environmental market players such as Citi, the CME, the Chicago Climate Exchange and BlueNext are preparing to capitalize on the expected surge. SIDEBAR Will Carbon Trading Save the Planet? While critics contend carbon emissions trading is not the environmental savior that some have made it out to be, defenders say itŐs a viable tool in the climate change fight. INDUSTRY OPINION Rebuilding Trust with Enterprise Social Networking After a brutal 2008, financial institutions are suffering from a lack of trust from clients and the public. One way to regain that trust is to deploy enterprise social networking technology that can synchronize the efforts of all bankers who deal with the institutions on a daily basis. SHIFTING GEARS Stewart Macbeth Running DTCC's OTC Warehouse The former UBS managing director takes over in a time of constantly shifting regulation. CME Group Names David L. Shuler as Managing Director, Alliance and Venture Management The NYSE veteran has joined derivatives exchange CME Group as managing director. Margolis Joins Execution LLC to Create Options Business John Margolis will develop an options capability in the full-service agency's new New York office. |
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FROM THE EDITOR IT Transformation Mantra: Carpe Diem The tough economy of the past 18 months has given technology leaders in Wall Street firms the opportunity to implement IT governance and clean up operations. CLOSE UP Managing Under Duress: Q&A With Credit Suisse CIO Karl Landert Credit Suisse CIO Karl Landert points to a long-standing focus on efficiency and an agile technology organization as major reasons why the firm has fared relatively well during the economic downturn. TRADING Citi Makes Global Electronic Trading Push Now that it has knit the Lava, ATD and Options Market Maker platforms together with its dark pool, Citi is taking its electronic trading platform to Europe, Asia and beyond. CME Group Picks StreamBase's CEP Platform for Options Pricing Derivatives exchange initially will tap the complex event processing platform to develop models for settlement pricing of options on futures with plans to expand CEP's use into risk management and compliance. UP FRONT Algo Traders Connect To Twitter Twitter is catching on as a source of news and information for traders, who can feed tweets into their algorithms in real-time to help them make trading decisions. Silver Lake's Hutchins Touts the Cloud, Social Networking as Mega-Trends Private equity veteran predicts slow recovery but urges financial industry to invest in technology and innovation at SunGard City Day event. CME Revs Up for Surge in Carbon Credit Trading The exchange is preparing to launch a Green Exchange for environmental contracts and has high hopes for carbon credit trading. PERSPECTIVES A New Theory on Market Structure What happens when economic market theory collides with the fractured, high-speed, low-latency, dark pool insanity that we call the U.S. equity market? PRODUCT WATCH Thomson Reuters Launches Lipper for Investment Managers Lipper analytics and performance reports on 200,000 share classes in 60 countries. Solace Rolls Out Unified Messaging Platform Small appliance delivers market data to various programs and people at high and low speeds. NYSE Technologies, Jordan & Jordan Offer Market Data Reporting The combination of NYSEŐs data distribution and reporting product with Jordan & JordanŐs vendor reporting technology is designed to help customers manage and reduce market-data expenses. |