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  • Vendor risk management may be built into future contracts

    For several years now, financial firms have been under increasing regulatory pressure to monitor and manage the risks posed by their vendors, and even their vendors' vendors. As financial firms hone their vendor and third-party risk management skills, their metrics for measuring the riskiness of their vendors may one day become a standard part of the vendor contracts, much like service level agreements, one vendor says.

Fairness top priority for new consortium-backed trading platform in Europe

A consortium of banks and asset managers are banding together to create a new electronic marketplace for equities trading in Europe. To be called Plato Partnership, the group is designing the platform with the goal of improving market fairness.

Euronext launches free market data app for retail investors

Euronext has launched an iPhone app to deliver market data from its equities markets to retail investors. The free app will deliver market data delayed by 15 minutes or updated at the end of the day.

 

E*Trade study shows age and gender patterns in mobile investing

Sixty-one percent of male investors under the age of 34 use their smartphones to check on their order status after placing trades, far more than any other investing activity they do with their smartphones. Meanwhile, women under the age of 30 are most likely to use their smartphones to research investment products, at 44 percent.

 

Jeffries explores options for Bache futures and commodities business

Jeffries Group appears to be looking for an exit from its Jeffries Bache futures and commodities business after posting sharply lower fourth quarter results. The firm posted a loss of $92.4 million compared with a year-earlier profit of $109.9 million.

 

IBM boosts cloud network with 12 new global centers

IBM is adding capacity to CEO Ginni Rometty's pledge to make enterprise cloud services central to the company's future growth plans, with the addition of 12 new data centers around the world....
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