Ex-Goldman Programmer Rejects Plea Deal
A former Goldman Sachs Group computer programmer indicted on charges of stealing trade secrets has rebuffed a plea offer that would keep him out of prison, his lawyer said on Thursday.
Are HFT's Days Winding Down?
They just might be in Europe where lawmakers appear to be at their wits' end when it comes to high-speed trading.
The Andean Region: Catching Up Fast
With Brazil and Mexico stealing most of the headlines when it comes to Latin America, people could be forgiven for missing some of the recent developments to come out of other countries in the region. While Brazil and Mexico might be seen as the dominant players, the rise of financial centers in Peru, Colombia and Chile is seeing brokers increasingly demand a multi-location Latin American presence.
Jury Out On Whether Global HFT Regulations Will Work
Unlike the U.S. marketplace, the push to rein in high-frequency traders through regulations is underway in Europe and Canada, but it remains to be seen whether the new rules will work or bring unintended consequences.
Wall St Regulator Questions Sales of Complex Securities
The Financial Industry Regulatory
Authority is looking at potential conflicts of interest and
financial incentives stemming from sales of complex securities
by major brokerages, the head of the Wall Street regulator said
Ex-Credit Suisse Trader to Fight U.S. Extradition
A former Credit Suisse Group AG
trader, accused by U.S. authorities over a $3 billion
fraud involving subprime mortgage bonds, said he would fight a
U.S. extradition request when he appeared in a British court on
Innovative Risk Management: How To Really Leverage Legal Entity Data
As the industry debates regulatory reform and the course toward greater transparency and stability, we are entering a new phase in the evolution of financial data and a potential renaissance in the approach to risk management, writes Tim Lind, global head of legal entity content at Thomson Reuters.
Fidessa Expands Buy Side Connectivity Service
The platform now offers full infrastructure outsourcing —including FIX and non-FIX-based connectivity— to buy side customers as they grapple with the complexity of running technology infrastructure for multi-asset trading and the operational needs of new regulations.
US Institutions Choose Non-Stock Assets In Volatile Market
Pension funds, charitable groups, endowments and other large institutional investors are taking on more exposure in non-traditional "alternative" investments - such as private equity and hedge funds - to buffer against volatile stock markets, according to an investor survey.
Some Corporate Borrowers Question Libor Accuracy, Here to Stay
Some major corporate borrowers
in Europe and the United States think Libor, the interest rate
at the centre of an international rate-rigging inquiry, is not
an accurate benchmark against which to price loans, but few are
considering using an alternative.
Tabb Senate Testimony: First, Do No Harm
In his testimony before the US Senate on Thursday, the Advanced Trading and Wall Street & Technology columnist Larry Tabb answers the question: What, if any, policy changes should be considered by regulators or Congress in order to better protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation?
Derivatives Industry Urges Caution on Libor Reform
Libor, the interest rate at the
center of an international rate-rigging investigation, must not
be scrapped hastily and any shift to alternatives should be
gradual to avoid market disruption, the derivatives industry's
leading global body said.
Tabb Testimony: The Regulators Need Better Tools
In his testimony before the US Senate today, the Advanced Trading and Wall Street & Technology columnist Larry Tabb answers the question: Do regulators have adequate tools to identify and limit manipulative or abusive strategies?
Tabb Senate Testimony: Beware Over-Regulation
In his testimony before the US Senate today, Advanced Trading and Wall Street & Technology columnist Larry Tabb recommends changes to strengthen the markets without killing future profits.
Fund of Hedge Funds Sector Set For More M&A
Aberdeen Asset Management said there will be a further wave of consolidation in the fund of hedge funds industry, with managers who run less than $3 billion facing a struggle to survive amid shrinking assets and rising costs.