What happens in the dark is not going to stay in the dark much longer.
Customers for years now have been demanding better metrics around their trades in order to see where the bottlenecks are and how much latency they are actual enduring. Latency data is well on its way to becoming essential trader information, which has proven to be an interesting niche business for the likes of Corvil and TS-Associates, which bought Correlix last year. They rank as the leaders in the latency management market.
You and your IT staffers may be working hard to keep hackers at bay, but cyberintruders spend an average of 416 days inside an enterprise's computer systems before detection.
A couple of years ago, the notion that Twitter could be used to develop useful sentiment indicators was all the rage. The academic support seemed credible enough, and two entities were formed to make directional bets based on such indicators.
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Recall that in late 2011, the SEC charged Pipeline Trading for running its dark pool as a mere storefront to a proprietary trading operation owned by the same company. The firm was accused of not disclosing that it was operating a securities firm to interact with Pipeline orders, while customers were led to believe they were interacting with a wide range of other buy-side companies. The shocking incident created some uncertainty on the buy-side, as they started to voice more concern about what exactly happens to their orders.
The great debate over dark pools revolves around the extent to which they fragment the national market system and whether such fragmentation imposes any costs on investors.
You hear a lot of rhetoric these days about how consumers are demanding better, more convenient services and how banks are responding with cool experiences. There's no doubt a lot of truth to this. Banks really are delivering radical improvements in mobile banking services, piggybacking the soaring utility of smart phones in general.
When it comes to banks, the conventional wisdom holds that social media has made strong inroads in customer service, but much less so in marketing. Overall, it's fair to say that a lot of banks and brokerages are still struggling to figure it all out.
Insurance to cover cyber-security events has moved to the front burner over the past few years, as boards react to the escalating risks. Most companies will agree that it's only a matter of time before the cyber bad guys breach their systems. The goal now is to minimize the fallout and prevent as much damage as possible. That may seem defeatist, but it is quite realistic.
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Carl Icahn appears to be on the defensive in the Dell buyout sweepstakes. None of his proposals so far have generated a lot of traction, prompting him to go public with yet another concept. In his latest effort to offer more shareholder value than Michael Dell's offer, he proposed that the company buy 1.1 billion shares of Dell at $14 each.
Food trucks are all the rage. So why not tap this hot retail channel to pitch financial services? Vanguard has launched an "At-Cost-Café" concept, which amounts to a food truck that...