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Banks Ditch Prop Trading to Court Regulators Despite being given plenty of wiggle room by regulators to comply with the Volcker Rule, Wall Street's largest banks are wasting no time in shutting down their proprietary trading operations.
DTCC And SIFMA Release Report Identifying Opportunities To Mitigate Risks In Processing MMIs DTCC and SIFMA formed the MMI Blue Sky Task Force in October 2009 to review the functioning of the MMI settlement system following the financial crisis.
J.P. Morgan Executes and Clears CDS and IRS Trades Via Bloomberg Professional The news reflects that Bloomberg's fixed income business is preparing to register as a swap execution facility with the CFTC and SEC.
Predictive Analytics Arms the Buy Side Against HFT Buy-side traders can use streaming data on stocks to capture short-term alpha and avoid adverse selection, says Pipeline's Henri Waelbroeck.
Kenmar Group Selects GlobeOp For Managed Account Fund Administration, Risk, Managed Services Kenmar's CLariTy Managed Account & Analytics Platform is comprised of 40 separately managed accounts.
Hedge Funds Beef Up Risk Management Even As Global Crisis Fades Although the global financial crisis is fading into memory, at least on Wall Street, hedge funds are becoming even more resolute in the risk management procedures that many were putting into place even before the crash.
Citi Clears First U.S. Client Interest Rate Derivatives Trade on LCH.Clearnet The move reflects Citi's commitment to a consolidated, global and platform-agnostic approach to central clearing.
Morgan Stanley Unveils VWAP for FX Morgan Stanley announced the rollout of an over-the-counter algorithmic trading platform that provides institutional investors with flow-weighted average pricing in currencies.
Morgan Stanley Hit With Lawsuit for Stock Plunge Diversify, diversify, diversify. And never bet your entire nest egg on company stock. It's investing 101. But six Morgan Stanley employees who paid dearly for not going that route aren't taking their losses quietly.
J.P. Morgan Worldwide Services Issues Guide for Hedge Fund Start Ups in Asia Provides advice on launching a hedge fund in Asia, including regulatory issues, fee structure, service provider selection and technology systems and processes.
U.S. Banks Wildly Unprepared For Japan-Type Disaster A large number of organizations are still not confident that their data will be restored completely within hours of a disaster, according to a survey.
Brandywine Global Taps Eagle Investment Systems Chooses Eagle Access, a hosted solution for data management, investment accounting and performance measurement, to replace existing installed vendor.
An Algo That Prevents Crashes A new metric may hold the key to stopping future Flash Crashes.
ICAP Launches Financial Tech Incubator Euclid Opportunities will offer a seed funding and acceleration program to early-stage companies in post-trade risk management, data and other financial market applications.
Global Derivatives Volumes Soared 25 Percent in 2010 Reforms in OTC derivatives markets are causing participants to shift their risks to exchange-traded derivatives, says WFE Chairman.
SunGard Launches Regulatory And Risk Consulting Practice Spending on technology will be largely devoted to addressing regulatory requirements in 2011, but vendors must help to identify and articulate other strategic and business value these IT investments offer, TowerGroup analyst points out.
Exclusive: 2011 IT Spending to Rise 6%; It's The Year of 'Compliance And The Cloud' Capital markets firms will spend just over $44 billion on technology globally in 2011, up from $42 billion in 2010 and $39.7 billion in 2009, according to a soon-to-be-released study from Aite Group.
Pentagon-Funded Study Suspects Terrorism Fueled 2008 Crash The 2008 collapse of the U.S. economy wasn't simply the product of risky trading practices, a bursting credit bubble, and subprime mortgage lending.
Thomson Reuters Teams With Redkite On Market Surveillance Redkite's market surveillance solution will pull in Thomson Reuter's news and data, while running in the Elektron hosted environment.