Tag:
electronic trading
Latest Headlines
Latest Headlines
Dodd-Frank rules on OTC derivatives to be delayed
Recall that Dodd-Frank set forth a July 16 deadline by which new rules--designed to move toward the central clearing of OTC derivatives trades--must be in effect. But it has been clear for some time now that the SEC was having trouble sticking to that timeline.
As expected, reality won out las
California sues State Street
"This is just the latest example of how clever financial traders violate laws and rip off the public trust," says the California attorney general. He's referring specifically to State Street, whom the state has just sued to recover $200 million in overcharges and penalties stemming from allegedly
Goldman Sachs to benefit from new rules?
We're all bracing for a slew of new financial regulations, but lost in all that talk is the fact that not all firms will suffer to the same degree. One analyst, Keith Horowitz of Citigroup, thinks that Goldman Sachs may benefit from the new rules, relative to the industry, notes Bloomberg .
Front running still an issue
To some of you, it may see like front running was a yesteryear's issue. With all the compliance and monitoring technology that has been deployed at the regulatory level, you would think there would be obvious disincentives. But the announced $69 million settlement (forfeited profits and penalties)
Was Madoff a front runner too?
Bernard Madoff is considered by many to be the all-time king of Ponzi schemes. Now comes news that he may also have been a front-runner. A New York Post columnist is spreading the word at the behest of two former NYSE seatholders, who allege that Madoff used his position as head of the tiny Ci
U.S. exchanges face tough times
There was once a day when we looked to the price of a seat on an exchange as a barometer of the exchange's health. Indeed, Wall Street's health. That seems like a long time ago. Now, we're more likely to simply check out the stock price. Unfortunately, NYSE Euronext and Nasdaq OMX have been tankin
Options market to follow equities to fragmentation?
We've noted before that the development of the options market has mimicked, in key ways, the development of the equities market. In both cases, key drivers recently have been decimalization, tighter regulation, more electronic trading, greater competition at the exchange level and, of course, soar
Once again, the future of the specialists
We've been among the many voices noting that traditional NYSE specialists seem to be toast . In this era of electronic trading, their value had been sorely reduced to that of small, retail orders that need to be worked. But the reality is that the NYSE would like to shift their role to that of
Electronic trading startups are hot
Financial service firms, especially those that trade actively, have long been a hotbed of IT activity. To hear a lot of executives talk about it, it's like a souped-up arms race. You need an arsenal that is constantly updated, faster than the rest. Otherwise, the other guys have the advantage. The
NYSE launches bond platform
A new electronic bond market is the NYSE-Euronext's latest attempt to diversify a bit out of equities and a reminder that not all the focus is on
