Risk Management

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Melanie Rodier
Melanie Rodier
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Low Latency Hype, Exchanges Go On Crisis Control, Dimon Talks Back, and More

Experts question the ongoing latency race, exchanges focus on crisis control and Dimon faces the House Financial Services Committee. Here is what people are talking about this week.
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5. Epic Fail

We as an industry failed our investors. It’s unfortunate that it occurred. It was a technological failure of a piece within our industry of one of our exchanges. But it was more of a crisis management failure.

— Joe Cangemi, head of equity sales and trading at Convergex, speaking at a SIFMA panel on equity market structure.

Source: After Facebook IPO, Exchange Focus Shifts to "Crisis Management".

 

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

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