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Commentary

Time to rethink ever lower spreads and commissions?

Since the May 6 Flash Crash, there has been a beehive of regulatory activity that has drilled into the minutiae of the U.S. trading system. The concepts start to blur after a while--flash quotes,... Read more...

'Quote Stuffing' and Crop Circles on Wall Street

Nanex, a Winnetka, Ill.-based firm founded in 2000, has gained prominence recently for its insightful analysis of the May 6 Flash Crash. The company's flagship product is its NxCore, a real-time... Read more...

Phone companies make a move in mobile finance

A lot of entities have been experimenting with near-field communications in ways that don't depend on smartphone makers adding the requisite NFC chips to handsets. Most companies used smart strips... Read more...

Will banks develop apps for the iPad?

The release of the iPad has prompted some interesting questions about whether banks should develop customer applications for the device. Many offer iPhone apps, of course. And these will likely work... Read more...

Data: The real challenge of financial reform

The passage of the Sarbanes-Oxley Act back in 2002 led to a lot of IT and other investments as companies sought to comply. We're likely in for a replay when it comes to the Dodd-Frank Wall Street... Read more...

Flash Crash market maker rules coming soon

The top exchanges have made market maker rules a high priority since the Flash Crash of May 6. The NYSE, Nasdaq and others will likely soon propose some new ones--perhaps within a few weeks--that aim... Read more...

Apple winning over financial services firms?

The iPad is undeniably cool and popular. But so was the iPhone. Although it wasn't enough to end financial firms' preference for BlackBerries, especially on Wall Street, where the original... Read more...

A golden era for risk managers on Wall Street?

We noted recently that some people think risk managers have been undervalued by Wall Street firms, perhaps even overlooked in the reform effort. But is that starting to change? It sure seems that... Read more...

High-frequency trading to exacerbate listing woes?

There are definitely two camps when it comes to high-frequency trading. Some believe the practice represents significant risk to the capital markets. Others think it is a huge benefit to the markets.... Read more...

SEC aims to create audit trail for all trades

In the wake of the May 6 Flash Crash, the inability of the financial system to deconstruct events form a forensic point of view was exposed in glaring fashion. To rectify this, the SEC (SEC news) has... Read more...