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Multi-Million Dollar Severances Still Make It Worth It For Wall Street Execs To Get Fired
It certainly looks like it was worth it for executives from Bank of New York Mellon, HP and Yahoo.
Severe Blow For Madoff Trustee Attempting To Recover Billions For Victims
Federal Judge Rakoff is turning into Irving Picard's arch nemesis.
Chris Christie’s Wall Street Backers May Get their Wish
Mitt Romney appears to be Wall Street’s darling in the race for the GOP presidential nomination, but that could change if New Jersey Governor Chris Christie enters the fray.
NFA to Provide Regulatory Services to GFI's SEF
GFI is contracting with NFA to provide regulatory and surveillance services to its swaps execution facility, as allowed by the CFTC.
SEC To Sharpen Circuit Breaker Rules
The U.S. Securities and Exchange Commission will strengthen the 23-year-old circuit breakers that failed to stop the acceleration of last year's flash crash.
Rogue-Proofing Your Fund
How can buy-side firms stop rogue traders before they go too rogue? The good news: Rogues can be found but the bad news is no one can ignore the problem any longer.
Deutsche Bank Exec To Head Elektron Transactions
In his new role at Elektron, the Deutsche Bank veteran will bring together applications, data and infrastructure to support integrated trading systems targeted at specific customer requirements.
Is the Volcker Rule on the Brink of Further Weakening?
Under guidelines set earlier this year by the Financial Stability Oversight Council, any position taken by a bank that isn't hedged completely can be considered proprietary trading, a practice that was banned by the Volcker Rule.
Bloomberg Launches Trading Platform For Derivatives Compliance
The platform will help investors comply with the Dodd-Frank Act requiring companies to trade credit-default swaps and other derivatives through swap execution facilities.
Bloomberg Rolls Out Derivatives Platform
Bloomberg has launched ALLQ, the first commingled platform for OTC derivatives trading, which it says is the foundation for building a swap execution facility under Dodd-Frank.
UBS Scandal Polarizes Opinions On What Went Wrong
UBS is still giving out only a trickle of information about what actually might have happened.
Does Insider Trading Warrant A 24-Year Prison Sentence?
Next week a judge will be handing down a sentence to Raj Rajaratnam, former head of the Galleon Group.
Spotting a Rogue Trader
Advanced Trading spoke with James Heinzman, managing director of Global Compliance Solutions, to discuss how firms can better detect rogue traders.
Banks Making Major Systems Enhancements to Improve Transparency, Says Survey
Increased use of off-the-shelf products will help banks meet regulatory reporting demands in coming years.
DTCC Partners with Clearstream
Both companies plan to combine DTCC Loan/SERV and Clearstream collateral management to leverage loans as collateral.
Why Volatility is Opportunity for Wealth Managers
Volatile markets can be disruptive, but overlay management is helping many banks, broker dealers and RIAs make asset allocation changes without compromising on customization, Smartleaf's President Jerry Michael.
BM&FBovespa Will Use Nasdaq OMX's Surveillance Program
Brazil's largest exchanges and its SRO plan to use Nasdaq OMX's SMARTS Integrity market surveillance program to monitor trading across their equities and commodities platforms.
Join Us For the Buy-Side Trading Summit
AT invites traders from the top hedge funds and asset management firms in Amelia Island, Florida on October 16th - 18th for sun, networking and incisive panels.
Fidessa Passes Certification Test for Chi-X Australia
Fidessa is also providing the software and technology infrastructure for ASX Best, a multi-market trading application that allows smart order routing between venues.
A Decade After 9/11, Business Continuity Is Still A Work-In-Progress On Wall Street
9/11 marked a turning point for business continuity. Although now it seems the real game changer in the business continuity arena occurred more recently during the 2009 financial crisis. Still, firms have a lot to figure out.
SEC Approves CBOE to Trade SPXpm on C2 Electronic Platform
The new SPXpm is identical to CBOE's flagship SPX index options contract, except it has a "P.M." settlement.
IBM Boosts Risk Management Practice With Acquisition of Algorithmics
The $387 million purchase follows IBM's acquisition last year of risk management software provider OpenPages.
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