Twitter Proves a Lifeline Despite Pranksters
Even though the NYSE was victim to a Twitter prank, as Hurricane Sandy pounded the east coast, millions of residents turned to Twitter as a hotline that hummed through the night.
NYSE to Test New Plan; Trading Floor Undamaged by Storm
NYSE Euronext said it plans to
test a new contingency plan to help resume stalled U.S. equity
trading, and added that its famed trading floor is not yet
damaged by Sandy, one of the biggest storms to hit the United
IT Isn't Where It's At
The big growth in tech spending is happening outside of the IT organization. That creates a challenge for companies trying to leverage technology well.
Bloomberg's Vault Cloud Service Goes Local
Vault, a cloud-based enterprise information management solution, now has a version called Local Vault that meets regulatory requirements to keep data in a local jurisdiction.
High-Speed Trading Slows Down
Profits are drastically down at high-frequency trading firms, according to new data. There are a number of reasons why.
Second-Tier Banks Need Capital Top-Up By 2016
Nationally important banks
will need to hold extra capital from 2016 to cushion the impact
on their domestic economies if they hit trouble, but the global
banking watchdog will leave it up to national regulators to say
how much more.
It's Time to Get Serious About Software Testing, Says SEC Roundtable
Commentators observing the SEC markets technology roundtable held in Washington DC this week say the roundtable participants didn't get specific enough when it came to software testing and that the industry should look at how other industries, including aerospace, test and validate products before putting them to market.
NY Suit Against JPMorgan Makes a Ripple, Not a Splash
New York state's lawsuit
against JPMorgan Chase & Co alleging fraud in mortgage-backed
securities sold by Bear Stearns may be one of the broadest cases
to come out of the financial crisis, but its impact is likely to
be limited. The biggest beneficiaries may be investors who have
taken out private lawsuits against the bank.
Why Kill Switches Won’t Kill Risk
TD Ameritrade CTO Lou Steinberg says he is wary of using systemic kill switches and even less comfortable with the concept of automated kill switches.