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  • O'Malia signs off with warnings to correct roadblocks to liquidity

    Last week, the Commodity Futures Trading Commission's soon departing commissioner Scott O'Malia gave a frank assessment of the obstacles to robust liquidity that the newly electronic swaps market faces. Speaking to an audience of financial lawyers, he warned about fracturing of liquidity between US and non-US markets, and the lowered liquidity in some commodities markets that is making hedging costly.

     

JPMorgan forms electronic-trading team to consult with its own traders and clients

JPMorgan Chase & Co. is reportedly assembling a 150-person electronic-trading team designed to advise its own internal traders as well as its clients on electronic-trading decisions. The new group, to be called JPMorgan Execution Services, will advise clients and internal traders across asset classes, including equities, fixed income, currencies, commodities and more, according to the Wall Street Journal, which first reported the story. 

BlackRock to build new data center in Amherst, New York

BlackRock plans to build a 31,000 square-foot data center in Amherst, N.Y., near Buffalo. The $80 million effort is one of the biggest development projects in the town, though other companies have built large data centers in nearby, western New York towns.

Russian 'digital bomb' may have been trying to copy Nasdaq, not destroy it

Back in 2010, a piece of malware that investigators characterized as a digital weapon was discovered in Nasdaq. The malware was detected by both Nasdaq and the FBI before it detonated, but a new detailed investigative article by Bloomberg Businessweek sheds light on the multiagency investigation into the sophisticated hack and the motives behind it.

Merrill Lynch devises new training track for financial advisors to integrate trainees into teams

Merrill Lynch introduced a new financial advisor training program Monday aimed at providing trainees with specialized skills and integrating them into financial advisory teams at the firm. The program is also intended to help with succession planning by enabling a new generation of advisors to work in concert with more senior team members.

Wall Streeters expect weak revenues will affect bonuses, poll says

While it's a while before bonus season, it's not too early to start thinking about it, and the weak revenues that firms have reported so far this year have finance employees already...
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