If you want to win the hyper-competitive digital wallet payments war, you'll need your software to be near-ubiquitous. Smartphones are one obvious way to drive consumer adoption of payments software.
It seems that someone remembered the maxim that the word "crisis" can also mean "opportunity."
The small order execution system (SOES) on the Nasdaq gave rise to a new trailblazing form of retail trader -- one who could sit in an office and traffic in the super-wide spreads that once characterized small stocks. The money flowed like milk and honey, giving rise to the modern day-trading industry, which tends to crash and burn whenever the markets shake out.
Well, we have a new wrinkle in the build vs. buy debate. If you build your own trading gear, you don't have to worry about your vendors spying on you.
A massive market structure issue for years has concerned the plight of small companies. Wall Street once loved trading these companies' stocks because of the massive spreads and strong volumes that lined the pockets of market makers and other traders.
Happy anniversary, Flash Crash. My how small and inconsequential you've grown!
In March, the SEC voted to formally propose Reg SCI as a much needed response to the troubling string of technology-related incidents that have plagued the national market system.