Irrational Exuberance Turns to Irrational Despair: Merrill Lynch and Lehman Brothers




Technology Budgets to Decrease by 14-16%
TowerGroup's managing director Rob Hegarty predicts that technology budgets will decline sharply next year.



Results of CityIQ Survey of Global Corporate Actions

Alternative Trading Systems Are Emerging in Europe to Meet MiFID Best Execution Requirements
Europe's MiFID regulation is giving rise to alternative trading systems (ATSs) to challenge the traditional exchanges and help the buy-side achieve best execution.



Head Traders Discuss What It Takes to Manage a Trading Desk
Advanced Trading's Randall S. Devere spoke with some prominent head traders about what it takes to manage a trading desk. What potential -- and pitfalls -- do they see in their traders? Where are they focusing most of their energies? And what keeps them up at night?



The SEC May Start Monitoring Non-Transparent and Restricted-Access Trading Alternatives, or Dark Books, More Closely in the Future
The SEC is concerned about the effect the proliferation of dark books will have on public markets.