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Securities Industry
Latest Headlines
Latest Headlines
Big job losses coming in New York
Since January 2008, the securities industry in New York has nixed 22,000 jobs. While the employment situation seemed to improve a bit last year, the woes of Wall Street this year are once again sinking the jobs count.
The New York state comptroller, which keeps a close eye on the industry's em
Nanex aims criticism at price bands
We've suggested recently that price bands--that is, the limit up/limit down proposal from the SEC--seems destined to be embraced in some form or another, as a way to correct some of the downsides of circuit breakers.
But we are seeing more critics making their views known. For example, the CME
Goldman Sachs now a Washington lobbying power
The specter of heightened regulations has pushed Goldman Sachs--almost against its will--to become a major power in the realm of Washington lobbying.
Historically, the bank has kept a low profile, regarding the idea of politics as somewhat beneath it. It rarely went public with its positions,
Is the noose tightening around Steven Rattner?
The war pitting New York Attorney General Andrew Cuomo against socialite financier Steven Rattner is heating up. The latest is that Cuomo just won a guilty plea from pension fund "consultant" Henry "Hank" Morris, who admitted he used his position of influence with Alan Hevesi, former New York comp
Trading still mired in slump, earnings to weaken
FICC operations have been weak so far this quarter, and it doesn't look like September offered a meaningful reprieve, which means the third quarter will be pretty lackluster for the top banks. Sequentially, the picture won't be downright horrid, as the second quarter was also weak. Year-over-year,
Spread Network to draw financial firms?
There's long been arbitrage activity that requires tight links between the futures and options markets in Chicago and the stock markets in New York. To grease that activity, there's been a lot of
Collateral management systems draw more attention
It's fair to say that collateral management was seen as a sleepy backwoods area that got much more attention after the credit crisis ( credit crisis news) took hold. Counterparty risk, of course, got
Can evidence analytics software help with risk management?
So how much do you really want to monitor your employees? Many executives and front-line managers have little stomach for hardcore electronic eavesdropping. It seems sort of sinister and underhanded.
A new era of wealth management data feeds emerging?
Is market and market-related data a crucial driver of success in the wealth management industry? Well, it could be in a couple of ways. Obviously, if a wealth management firm ( wealth management news)
Could terrorists wreak havoc on market?
There's no indication that the historic Flash Crash of May 6 was the result of targeted action by someone bent on harming the United States. But financial terrorism is a concept that has gotten some
