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
BlackRock Profit Climbs on ETF Gains
BlackRock Inc, the world's
largest money manager, said third-quarter profit rose 8 percent
as investors poured cash into its iShares line of
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.
Citigroup Profit Drops As It Writes Down Brokerage Unit
Citigroup Inc said quarterly profit
plunged on a $4.7 billion writedown of its stake in a brokerage
operated by Morgan Stanley, but North American mortgage
lending revenue increased and capital markets results rebounded.
Anatomy Of A Brokerage IT Meltdown
Regulators last year issued the SEC's first-ever privacy fine against broker-dealer GunnAllen for failing to protect customer data. But former IT staffers say regulators didn’t seem to know half of this cautionary tale of outsourcing and oversight gone wrong.