Posts Tagged ‘Banking’

Key Republican Open to SEC Funding Boost

{ Posted on Sep 16 2011 by WallStreetAndTech recent articles }
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Financial Services Chairman Spencer Bachus expressed support for bolstering funding for the SEC, a sentiment that diverges sharply from those of fellow Republicans critical of the agency's expanding powers. Read More »

UBS Rogue Trader Debacle to Give Wings to Regulatory Reforms

{ Posted on Sep 16 2011 by WallStreetAndTech recent articles }
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Bankers might always be a step ahead of supervisors when trading complex products, but new rules should mean shareholders not taxpayers pay for events such as the $2 billion trading loss at UBS. Read More »

Ghost Algo Hits The Market

{ Posted on Sep 16 2011 by WallStreetAndTech recent articles }
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Ghost algo participates in both lit and dark venues, waiting to take advantage of favorable price movements. Read More »

UBS’s $2 Bln Rogue Trader Loss Shines Embarrassing Spotlight On Risk Controls

{ Posted on Sep 15 2011 by WallStreetAndTech recent articles }
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A US$2 billion miss in equities trading is inexcusable. Read More »

CFTC Insiders Blow Whistle on Position Limit Rule

{ Posted on Sep 15 2011 by WallStreetAndTech recent articles }
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Internal strife at the CFTC over how to craft a workable rule to crack down on speculation in oil markets has prompted two internal whistleblowers to ask the agency's inspector general to step in. Read More »

Volatility a Warning on ‘Flash Crash’ Flashbacks

{ Posted on Sep 15 2011 by WallStreetAndTech recent articles }
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Recent market volatility has rekindled some investor fears from last year's U.S. "flash crash," though regulators should be careful not to overreach as they respond with new rules, exchanges and brokerages say. Read More »

UBS $2 Billion Rogue Trader Held in London

{ Posted on Sep 15 2011 by WallStreetAndTech recent articles }
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Swiss bank UBS said a trader had lost it around $2 billion in unauthorized deals, and police in London arrested 31-year-old Kweku Adoboli in connection with the case. Read More »

Senate Panel Seeks Budget Boosts for SEC, CFTC

{ Posted on Sep 15 2011 by WallStreetAndTech recent articles }
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Financial market regulators would get big boosts to their fiscal 2012 budgets to help them implement the Dodd-Frank financial oversight law under a bill approved by the Senate Appropriations financial services subcommittee. Read More »

DTCC Partners with Clearstream

{ Posted on Sep 15 2011 by WallStreetAndTech recent articles }
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Both companies plan to combine DTCC Loan/SERV and Clearstream collateral management to leverage loans as collateral. Read More »

Who Has The Best Tech Department On Wall Street?

{ Posted on Sep 15 2011 by WallStreetAndTech recent articles }
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Wall Street professionals who voted said they particularly admire firms who have been able to navigate troubled markets while continuing to push forward an innovative technology agenda and "get things done". Read More »
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