Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

News & Commentary
Content tagged with Risk Management posted in August 2012
Page 1 / 2   >   >>
Europe Still Holds an Allure to U.S. Asset Managers
Commentary  |  8/31/2012  | 
Despite seemingly bad news about the Eurozone every day, a surprising number of large U.S. asset managers are still attracted to a continent that accounts for 35 percent of the world's mutual fund assets.
Nomura to Cut Another $1 Bln of Costs in Overseas Revamp
News  |  8/31/2012  | 
Nomura Holdings Inc, Japan's largest investment bank, is cutting an additional $1 billion in costs in the second major restructuring of its loss-making overseas operations in less than a year.

Post-Knight, A Newly Risk-Averse JP Morgan Reviews Dealings With Brokerages
News  |  8/31/2012  | 
JP Morgan's move could spark other firms to do the same, an article in the Wall Street Journal suggests.
Barclays Signals Shift From Riskier Investment Banking
News  |  8/30/2012  | 
Barclays named retail banker Antony Jenkins as chief executive on Thursday, signalling a shift from riskier investment banking as it tries to recover from the interest rate-rigging scandal that brought down his predecessor.

Citigroup Reaches $590 Mln Settlement Over CDOs
News  |  8/29/2012  | 
Citigroup Inc has reached a $590 million settlement of litigation accusing the bank of fraudulently concealing tens of billions of dollars of exposure to risky collateralized debt obligations heading into the global financial meltdown.

Citigroup Reaches $590 Mln Settlement Over CDOs
News  |  8/29/2012  | 
Citigroup Inc has reached a $590 million settlement of litigation accusing the bank of fraudulently concealing tens of billions of dollars of exposure to risky collateralized debt obligations heading into the global financial meltdown.

Knight Capital Appoints Three New Directors
News  |  8/28/2012  | 
Knight Capital has appointed three new board members, including the CEO of TD Ameritrade, three weeks after receiving a $400 million investment from a group of firms to keep it afloat.
Financial Firms Fund Lab To Promote Supercomputing For Market Regulation
News  |  8/27/2012  | 
Firms including Infinium Capital Management and AJO Partners are supporting the research.
Looking at the Ins and Outs of Volatility Trading: Opalesque
Commentary  |  8/27/2012  | 
In a video interview with Opalesque TV, Maple Leaf trader Michael Wexler breaks down the ins and outs of volatility trading.
Inside Abel Noser's Trading Floor
Trading Floors  |  8/24/2012  | 
Advanced Trading takes you on an exclusive tour of Abel Noser's New York trading floor, where the agency broker known for transaction cost analysis, is customizing algorithms for the buy side, while growing its fixed income trading and transitions business.
Hedge Funds Can Profit From Sell-Offs By Preempting Spikes in Volatility
News  |  8/24/2012  | 
Planning for and potentially mitigating high volatility not only allows for a better night’s sleep but also can be profitable as a trading strategy.
7 Most Striking Reasons Only 2% of Pro Investors Trust The Market
Slideshows  |  8/24/2012  | 
Only 2 percent of capital markets industry professionals say they really trust market structure, according to a new survey from TABB Group. Here's how the Twittersphere explains it.
New York Fed Sells Last of its AIG Assets, Ending Ties With Firm
News  |  8/24/2012  | 
The Federal Reserve Bank of New York brought to a close another chapter in the government's taxpayer-funded bailouts of 2008 with the sale of its remaining assets of insurer American International Group, the bank said.

The SEC Fumbles a Crucial Post-Crisis Battle
News  |  8/24/2012  | 
And so we've marked a defining moment: Securities and Exchange Commission Chairman Mary Schapiro's hard-fought effort to re-regulate money market funds was the first real litmus test of the agency's approach to individual investor protection in a post-financial-crisis world.

Wait Before Using That New Algo
Commentary  |  8/24/2012  | 
When it comes to using new trading algorithms, the buy side resembles kids standing around the deep end of the pool. No one wants to be the first to jump in.
Ex-RBS Trader Details Bank's Libor Fixing
News  |  8/23/2012  | 
A former dealer for RBS has provided fresh details on how traders at the bank tried to influence Libor rates.
Knight Cap Rescuers Let Scottrade In On Deal
News  |  8/23/2012  | 
Purple helicopter to the rescue.
Citigroup CEO Shows Shaky, Skewed Recollection of the Financial Crisis
News  |  8/23/2012  | 
In a speech Vikram Pandit gave this week in Singapore, he basically congratulated himself and Citigroup’s executive team on restructuring the company after the financial crisis. But that's not exactly how things went down.
Hedge Fund Exit Requests Rise in August
News  |  8/21/2012  | 
Client demands to pull money out of hedge funds rose to their second-highest level this year in August, industry data showed.
Tech Innovation -- With an Eye Toward Quality
Commentary  |  8/21/2012  | 
Even with the frequent tech failures, scathing headlines and mounting regulatory fines, technology innovation is thriving on the Street -- with an emphasis on testing and quality.
Wall Street Is Leaderless, And That Might Be Fine
News  |  8/21/2012  | 
Wall Street has lost its most vocal advocate as investigations into JP Morgan's multi-billion dollar trading lost have sidelined Jamie Dimon, a Bloomberg article reports. But does the financial industry really need another Dimon?
Broker-Dealer Audit Problems Found in Madoff-Inspired Review
News  |  8/21/2012  | 
Nearly four years after Bernard Madoff admitted using his firm for a massive Ponzi scheme, the PCAOB says it is disturbed by problems that persist in audits of broker-dealers.
The Risk and Transparency Tango
Commentary  |  8/20/2012  | 
Today's traders are not plagued with worries about flash crashes, macroeconomics or monthly jobs reports; instead, they are focused on riding the ups and downs of the trading day to maximize their portfolios and best serve their clients.
Deutsche Bank Investigated in US Over Iran Dealings
News  |  8/20/2012  | 
Prosecutors are investigating Deutsche Bank and several other global banks over business linked to Iran, Sudan and other nations currently under international sanctions.
UBS Unveils Hedge Fund Service: 'UBS Quant HQ'
Commentary  |  8/20/2012  | 
The Swiss bank will offer technology, prime brokerage and risk tools to quantitative hedge funds.
CME Sets Sights on NYSE Euronext and Deutsche Boerse
News  |  8/20/2012  | 
CME Group Inc, the main U.S. futures market, plans to launch a European derivatives exchange in a challenge to NYSE Euronext and Deutsche Boerse, which dominate the European futures business.
QUANT GOLD BOOK 2012: Quantavium Capital's Youngju Nielsen Is a Fixed Income Rock Star
News  |  8/20/2012  | 
Youngju Nielsen, co-founder of Quantavium Capital, believes there will be many changes on the horizon for fixed income trading to allow it to become a more transparent process that should attract investors and traders. As Quantavium prepares to launch in the third quarter of 2012, Nielsen talks with Advanced Trading about the firm’s use of algorithms, the cloud, broker benchmarks and more.
GOLD BOOK 2012: Newedge's Stephen Davy Is Making a Difference
News  |  8/19/2012  | 
CIO Stephen Davy is leading efforts to analyze and enhance Newedge's processing systems in order to differentiate the firm's global clearing and execution business.
Did Weak Risk Management Controls Worsen Knight Capital Loss?
News  |  8/17/2012  | 
Regulators are working to figure out whether the $440 million trading snafu at Knight Capital was exacerbated by a breakdown in risk management.
Pension Funds Become More "Active" in Risk Management
Commentary  |  8/17/2012  | 
As markets become more volatile and pensioners live longer, risk can no longer take a backseat.
Hedge Funds Bet on Oil Spike as Israel Attack Fears Grow
News  |  8/17/2012  | 
"The rally you're seeing now is not because demand is up, but because fear is up," says one fund manager.
Is Jon Corzine Starting a Hedge Fund? And More Speculation from Wall Street
Slideshows  |  8/17/2012  | 
Jon Corzine is back in the news and the fallout from Knight Capital's software problems continues, while Goldman Sachs avoids charges. These are just a few of the topics industry observers are discussing this week.
QUANT GOLD BOOK 2012: EDAC Trading's David Allen Is Wired for Success
News  |  8/16/2012  | 
EDAC Trading’s David Allen says he considers the new fund management firm ultra-practical and sensible in strategy design, heavily algorithmic in execution and data-dependent in R&D. He talks to Advanced Trading about EDAC’s use of technology to support decision making.
Peregrine CEO Indicted for Lying to Regulators
News  |  8/16/2012  | 
After a botched suicide attempt, the former CEO faces a maximum of 155 years in prison.
JPMorgan's "Whale" Problem Lures Hedge-Fund Sharks
News  |  8/15/2012  | 
JP Morgan Chase's "London whale" problem attracted some hedge-fund sharks in the second quarter.
JPMorgan's "Whale" Lures Hedge-Fund Sharks
News  |  8/15/2012  | 
The bank's "London Whale" head trader, who missed a $2 billion and counting bet, is attracting some hedge-fund killing machines in the second quarter.
Emerging Market Private Equity Deals Decline in First Half
News  |  8/15/2012  | 
Private equity funds that invest in emerging markets may have raised similar amounts of cash in the first half of 2012 than a year earlier, but they used less of it, the Emerging Markets Private Equity Association said on Tuesday.
Would Going Back to Simpler Times Re-Inflate the Equities Market?
Commentary  |  8/14/2012  | 
Many market participants are saying we need to go back to simpler times, when spreads were wider, trading was slower, markets were simpler, research was more prevalent, and capital was more pervasive. But would that really fix the equity markets?
Flush European Share Investors Batten Down Hatches
News  |  8/14/2012  | 
European equity investors, flush from the longest run of weekly gains in seven years on hopes that central banks will act to calm the euro zone crisis and boost global growth, are looking to protect their profits in case of disappointment.

Alaska: The Next Libor Frontier?
News  |  8/13/2012  | 
US Hedge Funds Experience Stormy July
News  |  8/13/2012  | 
Buy-Side Order Management In Focus After Knight Capital Error
News  |  8/10/2012  | 
The latest technological hiccup on Wall Street will drive buy-side firms to push for more control of their orders during the trading lifecycle, according to Tom Haldes of Trading Technologies International.
The 12 Most Spectacular Financial Services Failures of All Time
Slideshows  |  8/10/2012  | 
As a result of its spectacular tech fail on Aug. 1, Knight Capital became the latest financial services firm to have pushed to the brink of collapse before being either rescued at the eleventh hour or permanently wiped out.
How to Build an Effective Enterprise Risk Management System
News  |  8/10/2012  | 
Effective, proactive enterprise risk management requires uniformity in data access, management and measurement.
U.S. banks Told to Make Plans for Preventing Collapse
News  |  8/10/2012  | 
Regulators directed five of the country's biggest banks, including Bank of America and Goldman Sachs, to develop plans for staving off collapse if they faced serious problems.
JPMorgan Stymied in Push to Get Beyond 'London Whale' Trades
News  |  8/10/2012  | 
Jamie Dimon's whale is turning into an albatross, as the bank has had to postpone new repurchases of its stock.
Knight Capital's Bad Week In Tweets
Slideshows  |  8/10/2012  | 
Last week one of the most respected and tech-savvy investment firms unleashed a new trading algorithm that went, in a word, haywire. The news was as bad as it was unbelievable: At one point the market maker owned $7 billion in unwanted stock. Traders inside Knight Capital had to scramble to undo the damage as managers sought emergency financing to cover the resulting losses of $440 million after 45-minutes of out-of-control trading. Advanced Trading has gathered the most pointed and revealing po
No Criminal Charges for Goldman Over Role in Crisis
News  |  8/10/2012  | 
The U.S. Justice Department said it will not pursue criminal charges against Goldman Sachs Group Inc or its employees related to accusations that the firm bet against the same subprime mortgage securities it was selling to clients.

JPMorgan Stymied in Push to Get Beyond 'Whale' Trades
News  |  8/9/2012  | 
Jamie Dimon's whale is turning into an albatross.
Page 1 / 2   >   >>

Register for Wall Street & Technology Newsletters
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.