Latest Commentary

Congress targets patent trolls

Patent trolls--a term patent enforcement companies detest--are demonized in many industries, including the financial services industry, which sports hefty clout in Washington. A sure sign the...

An anthropologist looks at the industry's culture

The tragic death in London of 21-year-old Bank of America Merrill Lynch intern Moritz Erhardt, the efforts of Goldman Sachs to make life for its most junior associates better and the publication of industry-critical The Buyside­ all called attention to what everyone already knows: Wall Street can be a tough place to make a living. It really asks for your soul.

So what's it like to work at a top hedge fund?

There is definitely a seamy side to the hedge fund industry top executives would prefer not to discuss. That underbelly was on full display in Turney Duff's memorable memoir, The Buyside, which...

SROs off to a good start on integrity issues

U.S. stock and option exchange company SROs have come to a general agreement on how to enhance the integrity of the securities markets. The idea is to reduce the sort of glitches that can easily infect the entire market system, examples of which have been all too plentiful as of late. 

Information security in the age of mobility and big data

For today's financial firms, information security is a battle fought on many fronts. On one hand, firms are reaching out to deliver data on tablets and mobile phone and to tap services on private clouds. At the same time, internally firms are integrating disparate silos of information and collecting "big data" to create deeper and more detailed views of the enterprise.

Time for special exchange for small cap stocks?

The lack of liquidity that plagues small-cap stocks has become one of those long-running issues that never seems to get resolved. People have rightly been bemoaning the state of this once-vibrant...

Banks will eventually embrace online gambling

Will online betting take off soon in the United States? Some think it is bound to happen, sooner rather than later. Already, three states have moved to legalize such gaming, and more will likely...

Searching for the glitch before it happens

On Tuesday, the country's largest stock exchanges announced that they have agreed to a plan to strengthen markets, in response to regulators' demands for changes that would stem the tide of market disruptions. Details were few but the news was welcome. On the same day, one of the newest US stock trading venues announced it was taking its own steps to avoid trading disruptions.

Study: CARD Act actually worked

Credit and debit card fees have been a front-burner issues for years now, with Reg E changes, the Durbin Amendment and the CARD Act generating a lot of discussion. It's fair to say that many...

Intellectual Ventures may spark patent suit backlash

Not too long ago, Intellectual Ventures joined the rogue's list of patent companies going after the banking industry. The company is in the midst of a high-profile campaign against top banks,...