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News & Commentary
Content tagged with Compliance posted in April 2013
Finect Launches Network for Financial Industry's Social Media Needs
News  |  4/30/2013  | 
Enables financial advisors, asset managers and other professionals to create an online presence by using Twitter, LinkedIn and Facebook, while including tools to ensure compliance with the SEC/FINRA's guidelines.
EBS's Plan to Slow Down HFT in FX Could Influence Other Regulators
Commentary  |  4/29/2013  | 
The electronic FX platform trading platform has a proposal to reduce the speed advantage of HFT players because the technology arms race has gotten out of hand.
TradingScreen Adds FX Functionality for Dodd Frank Compliance
News  |  4/29/2013  | 
The firm's EMS now offers midpoint pricing on FX pre-spot, forwards, NDFs and swap deal types, ahead of the regulation's deadline on May 1st.
Industry Inertia Hampers E-Trading
Commentary  |  4/28/2013  | 
Institutional traders see some value in fixed income electronic trading, but a lack of a regulatory push and the desire to maintain existing business models is causing inertia in the move to electronic trading methods.
CBOE Explains Systems Outage was Due to a Software Bug; Expert Says More Needs to be Done to Prevent Incidents
News  |  4/26/2013  | 
One software expert said that CBOE's software problem was a sign that exchanges are rushing out software and that the SEC needs to do more with compliance to set a level playing field.
Bankers Could Soon Face Jail For Reckless Behavior
News  |  4/26/2013  | 
A UK banking commission is currently debating the proposal, with many in favor of punishing reckless acts with jail time.
Westport Capital Partners Files Form PF via Northpoint
News  |  4/25/2013  | 
A hedge fund manager focusing on real estate picked Northpoint's Form PF filing services to deal with all operational aspects from data collection to electronic submission.
Where’s The Growth In The Electronic Bond Market?
Commentary  |  4/25/2013  | 
The U.S. corporate bond market is notable for both its size and growth, but the electronic market isn’t growing as fast as some predicted.
As Regulators Eye Dark Pools, Canada is in the Spotlight
Commentary  |  4/25/2013  | 
In Part II of their series, Capco consultants examine Canada’s new rules on dark pools, comparing the similarities and differences in the way that dark pools are regulated in Canada versus the United States.
Paving the Way for European Regulatory Reform: An Evolution in Electronic Fixed Income
Commentary  |  4/24/2013  | 
There is no doubt that the regulatory reforms under way will change the way European market participants trade fixed income. Forward-thinking market participants should prepare for requirements relating to clearing, trade reporting, transparency, and regulation of trading venues, and certainly a move towards electronic trading.
Binary Options: The Market's Unsung Hero
Commentary  |  4/24/2013  | 
Binary options can have a positive impact on a variety of markets, though they might be misunderstood by regulators.
Can Group Finance and Risk Management Get Along?
Commentary  |  4/23/2013  | 
There is renewed move to integrate finance and risk data at sell-side firms for cash optimization and, equally as important, transparency. So how can you get these two groups to cooperate to achieve a unified view?
Amid Conflict of Interest Debate, New SEC Chairman To Appoint Enforcement Lieutenant
News  |  4/22/2013  | 
The appointment follows the departure of Robert Khuzami, who revamped the division in the wake of the financial crisis with a record number of enforcement cases.
Regulators vs HFT Firms Debate: Who Blinks First?
News  |  4/19/2013  | 
The confusion around high frequency trading and algorithmic trading is not helping the discussion of new regulations.
Infrastructure as a Service: Ignorance is not Bliss
Commentary  |  4/18/2013  | 
We asked respondents how their firm determines total cost of ownership (TCO) for their current infrastructure. Of the two-thirds who have no capability to determine TCO, my favorite response from them was, "Huh?"
Bloomberg Files Lawsuit on Swaps Trading, Contesting Margin Rules
News  |  4/17/2013  | 
Argues that CFTC's rule imposing higher margins on swaps than comparable swap futures, is not based on risk analysis and will harm swap execution facilities..
Not Much Has Changed with the SEC’s New Social Media Clarifications
Commentary  |  4/16/2013  | 
While firms should acknowledge the SEC's new support for new communication technologies, not much will change about how they plan to share financial performance news.
Nasdaq OMX FinQloud R3 Meets SEC/CFTC Regulatory Requirements, Say Consultants
News  |  4/15/2013  | 
Two separate studies of FinQloud's record keeping and record retrieval solution say the technology will meet stringent regulatory demands.
Paulson Eyes New Hedge Fund for Tax Exiles
News  |  4/12/2013  | 
Wounded by huge losses and some staggering tax bills, Paulson eyes new fund to help other tax victims. Plus, funds attract $11B in February and the SEC seeks a hedge fund budget boost.
LULD Into a False Sense of Security?
News  |  4/8/2013  | 
Rosenblatt Securities' Justin Schack discusses Limit-Up-Limit-Down and the Removal of NYSE LRPs.
David Stockman’s Rant on the Bubble Machine: Should You Ignore it?
Commentary  |  4/8/2013  | 
Former Reagan budget director David Stockman blasts the Federal Reserve for being a bubble machine that has enriched speculators and Wall Street with its zero-interest rate policies, while doing nothing for Main Street, in an interview with Charlie Rose on Bloomberg TV.
Wall Street Employees Gain A New Way Of Staying Compliant On The Road
News  |  4/8/2013  | 
With increased regulation and a more mobile workforce, financial firms are looking for solutions to keep their employees compliant both in and out of the office.
New Limit Up/Limit Down Rules Start Today
News  |  4/8/2013  | 
New limit up/limit down rules will add additional complexities to the markets in an attempt to curb volatility. Let's see how they actually work.
SEC Loosens Social Media Stance: Beware of CEO Tweets at 2 AM
Commentary  |  4/5/2013  | 
The SEC’s decision to allow public companies to share data on social media networks such as Facebook and Twitter raises implications for investors and traders.
Corzine Lit Matches for MF Global Meltdown: Report
News  |  4/4/2013  | 
Former G man Louis Freeh’s report on the spectacular meltdown of MF Global is out - and Jon Corzine does not get off easy.
SAC’s Steve Cohen Didn’t See This One Coming
News  |  4/4/2013  | 
There's nothing like a scorned ex-wife to bring down a powerful man.
Spurred By Bonuses, Hedge Fund Traders Feel Pressure to Break Rules
News  |  4/2/2013  | 
A survey reveals the depressing state of a hedge fund trader’s mind: They’ve seen misconduct, would break rules to get ahead and doubt the SEC can do anything to fix the industry.
After 30 Years As a Regulator, Schapiro Becomes Bank Consultant
News  |  4/2/2013  | 
A lifelong regulator, Schapiro joined the government straight out of law school.
Will The Insider Trading Case Against SAC Be Too Tough To Prove?
News  |  4/1/2013  | 
In the weeks leading up to his arrest, SAC portfolio manager Michael Steinberg apparently told friends he knew he would be indicted but that he expected to beat the charges.

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