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After the Hash Crash: Worrying About the Next Glitch After last week's Hash Crash, James Angel of Georgetown University told CNBC he's worried about the next glitch. Circuit breakers are in place, but he's not sure how they will react when the next stress hits.
Paladyne Systems Integrates Numerix; Licenses Source Code Paladyne, a Broadridge Company, has integrated the Numerix Portfolio Risk into its front-office solutions to help its clients help manage risk across asset classes with the addition of Paldyne's reference data.
EBS's Plan to Slow Down HFT in FX Could Influence Other Regulators 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.
American Century Names New Head of Quantitative Research American Century names former BlackRock/BGI exec Vinod Chandrashekaran as head of quantitative research.
Spreadsheet Risk – Should We Ban Excel? Apparent errors in an influential economic study by two Harvard Professors due to an Excel spreadsheet mistake is another reminder of the operational risks inherent in relying upon formulae hidden in obscure, nestled spreadsheets.
Who Was Really Behind The Twitter Hack That Wiped Out $136 Billion? While the Syrian Electronic Army claimed responsibility for the attack, the FBI, SEC and CFTC are now investigating the hack.
4 Ways To Stop Twitter Hacks That Swing The Markets The fake AP tweet this week left traders and quants scratching their heads over their vulnerability to breaking news on social media.
Markit Upgrades Portfolio Valuations Service with VaR and Stress Testing The data provider added risk and scenario analysis tools to is Portfolio Valuations Service.
Wells Fargo Slashes Money Manager Programs, Angers Brokers Meanwhile, the number of investors pulling money out of hedge funds levelled off last month.
Regulators vs HFT Firms Debate: Who Blinks First? The confusion around high frequency trading and algorithmic trading is not helping the discussion of new regulations.
Insider Trading Scandal at KPMG: A Belief in the Weakness of Enforcers Accounting firms should reinvigorate their training and controls regarding insider information because this is one area where enforcement works.
Of Frogs, Boiling Water, Market Structure and Trading The sense that inertia and incrementalism are the only approaches to solving market inertia does not necessarily have to be the case. What may be required is a systemic review of market structure itself.
When Every Penny Counts, Firms Must Operate Smarter Through Deeper Data Analysis As financial firms go through budgets and expenses with a fine-tooth comb, they need to analyze data in an intelligent way.
Linear Investments Selects TradingScreen's TradePrime Hedge fund manager Linear Investments picked the multi-asset EMS, integrated with position management and OMS functionality, compliance and risk, all delivered via the cloud.
Not Much Has Changed with the SEC’s New Social Media Clarifications 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.
Once Swaps are in the Clearinghouse, the Real Work Begins This week trueEX said it plans to launch a service to provide termination, compaction, re-balancing and backloading to CME clearing clients.
Barclays Partners With Clients To Create Liquidity and Transfer Risk With the new feature, a portion of the client’s order is automatically transferred to Barclays’ central risk management book.
Barclays Unveils Automated Capital Commitment for Algo Trading The feature —available for equity algorithmic trading — allows buy-side clients to gain access to liquidity while transferring risk and lowering the cost of execution on each algorithmic order.
The Pursuit of Happiness on Wall Street Material rewards may not be the best way to improve employee satisfaction; helping employees fulfill their goals to lead engaged and interconnected lives will yield better results long-term.
MLK Embeds Risk Analytics from Portfolio Science Hedge funds using MLK Solutions's data warehouse can access a customizable suite of integrated risk calculations from PortfolioScience across funds, portfolios, sub-portfolios, and individual positions.
Nasdaq, CME Building Superfast HFT Link High-speed traders are going to see new boost in their market information rates thanks to a straight line of microwave towers between CME’s datacenter in Illinois and Nasdaq’s in New Jersey.
S&P Dow Jones Licenses 3 New Credit Spread Indices to trueEX Electronic swaps exchange trueEX will create futures contracts based on the independently managed and calculated indices, and will be the first regulated exchange to offer exposure to corporate credit spreads.
Jamie Dimon Scrambles to Keep CEO-Chairman Role Do you hear that sound coming from Wall Street? It’s the sound of JPMorgan Chase directors scrambling hard so that Jamie Dimon gets to keep both his CEO and chairman jobs for America’s largest bank.
LULD Into a False Sense of Security? Rosenblatt Securities' Justin Schack discusses Limit-Up-Limit-Down and the Removal of NYSE LRPs.
New Applications for Commercial Lending May Help Banks Increase Profitability Misys is the latest technology provider to offer improved functionality for commercial lending institutions.
SEC Loosens Social Media Stance: Beware of CEO Tweets at 2 AM 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.
3 Steps to Better Risk Management Through Organizational Design Breaking down Information silos, closing the distance gap between managers and employees and avoiding the use of technical jargon are three ways to structure an effective risk organization.
Corzine Lit Matches for MF Global Meltdown: Report Former G man Louis Freeh’s report on the spectacular meltdown of MF Global is out - and Jon Corzine does not get off easy.
Motivating Traders to Think Beyond Themselves Banks need to make traders more aware of their inter-connectedness with the lives of the people who support them in control functions, so that they think twice about the risks they take on.
Worldwide IT Risk Spending Slows Down More Than Expected As the memory of the financial crisis begins to wane and firms’ new, improved risk management practices become operational, worldwide IT risk spending is slowing at a faster rate than previously expected.
Bloomberg PolarLake Adds Fitch Credit Ratings Data Adding Fitch Data to Bloomberg PolarkLake's Enterprise Data Management Solution will give financial institutions an independent view of long-term credit risk to support risk management and regulatory reporting.
Spurred By Bonuses, Hedge Fund Traders Feel Pressure to Break Rules 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 A lifelong regulator, Schapiro joined the government straight out of law school.