Posts Tagged ‘Financetech’

Does Insider Trading Warrant A 24-Year Prison Sentence?

{ Posted on Sep 20 2011 by WallStreetAndTech recent articles }
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Next week a judge will be handing down a sentence to Raj Rajaratnam, former head of the Galleon Group. Read More »

Banks Making Major Systems Enhancements to Improve Transparency, Says Survey

{ Posted on Sep 19 2011 by WallStreetAndTech recent articles }
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Increased use of off-the-shelf products will help banks meet regulatory reporting demands in coming years. Read More »

NASDAQ Traders Get First Nanosecond Market Data Service

{ Posted on Sep 19 2011 by WallStreetAndTech recent articles }
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The service provides a deterministic data feed processing time of 600 nanoseconds, ten times faster than hardware accelerated approaches. Read More »

Goldman Sachs Taps Redline Trading’s Inrush Ticker Plant

{ Posted on Sep 19 2011 by WallStreetAndTech recent articles }
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GSET will use Redline's ticker plant for delivering the NBBO data source for matching trades in its dark pool SigmaX. Read More »

UBS Investment Bank Crisis Could Be Rivals’ Big Break In Fight For Fee Pool

{ Posted on Sep 19 2011 by WallStreetAndTech recent articles }
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UBS' $2 billion trading loss may prove a boon for rival investment banks hoping to see rivals drop out of a bitter fight for a share of a shrinking fee pool. Read More »

U.S. Bank Trading Revenues Plummet In Second Quarter

{ Posted on Sep 19 2011 by WallStreetAndTech recent articles }
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Trading revenues at U.S. bank holding companies fell sharply in the second quarter from the first quarter but remained much higher than a year earlier, according to a government report released on Friday. Read More »

UBS Starts Probe Into $2.3 Bln Rogue Trade Loss

{ Posted on Sep 19 2011 by WallStreetAndTech recent articles }
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UBS has kicked off an internal investigation into the catastrophic failure of its risk systems after rogue equity trades cost the Swiss bank $2.3 billion, raising the pressure on top management. Read More »

New SEC Plan To Limit Conflicts In Asset-Backed Securities Deals

{ Posted on Sep 19 2011 by WallStreetAndTech recent articles }
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Underwriters or sponsors of asset-backed securities would be banned for one year from taking positions to profit from investors' losses under a plan released by U.S. securities regulators on Monday. Read More »

UBS $2 Billion Loss Puzzles Trading Experts

{ Posted on Sep 16 2011 by WallStreetAndTech recent articles }
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Kweku Adoboli, the trader arrested in connection with a $2 billion loss at UBS, worked on a Delta 1 trading desk, a normally low-profile "plain vanilla" trading business. Read More »

Goldman Sachs to Close Global Alpha Quant Fund after Losses

{ Posted on Sep 16 2011 by WallStreetAndTech recent articles }
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Goldman Sachs is shuttering a well-known hedge fund that relies on computer-driven trading strategies after the portfolio rang up a hefty loss this year. Read More »
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