Articles by Phil Albinus
The launch for the CME Group's new market, to be called CME Europe, is set for September 29 but anyone thinking it will be alone before the comPetition steps in should think again. The Deutsche Borse-owned derivatives exchange Eurex will launch FX derivatives on October 7th.
Thanks to a new law, hedge funds can now advertise and offer their services to smaller investors. And the potential for abuse is still present.
The Nasdaq Stock Market says it experienced a trading system glitch on Wednesday morning - just two weeks after it suffered an embarrassing afternoon outage that stopped all trading. But, in good news, this outage only last six minutes.
Look out: Your wallet might get slimmer and your pocketbook a little bit lighter. Banks of America is now offering customers the chance to receive email copies of the ATM receipts.
Visa Europe has a new arsenal in its mobile banking battle plans. Under some new deals, Visa will receive services from mobile money firm Monitise that include its Bank Anywhere, Pay Anyone and Buy Anything offerings. Visa has also signed on IBM for software, technology services and consulting to run the Monitise offerings.
The Oz bourse has some new kit. Or in American English: The Australian Securities Exchange (ASX) is now connected to NYSE Technologies' secure financial transaction infrastructure network.
While it may seem that American college graduates with technology degrees would rather work for Google or start the next Instagram, Australia is doing something about the next generation of financial IT. In an ambitious program, the government is funding a technology program at the University of Sydney that could create as many as 30,000 finance jobs.
Remember when August was sleepy and dull? Nearly everyone was on vacation at the lake or the shore watching the kids play before the siren call of a new school year. Or they were dropping off the older ones at college with a few tears and instructions not to put that new pair of red socks in the load of white laundry. It was all so … dull but in a good way.
CBOE Holdings, the operator of the largest U.S. options exchange, suffered problems with a selection of market-data services early Tuesday morning.
The high-frequency trading debate has a familiar dialogue that you can hear with your eyes closed: HFT critics say that it creates dangerous volatility while supporters say that HFT provides much-needed liquidity in a fractured market.