FINRA seeks dark pool info
Recall that in late 2011, the SEC charged Pipeline Trading for running its dark pool as a mere storefront to a proprietary trading operation owned by the same company. The firm was accused of not disclosing that it was operating a securities firm to interact with Pipeline orders, while customers were led to believe they were interacting with a wide range of other buy-side companies. The shocking incident created some uncertainty on the buy-side, as they started to voice more concern about what exactly happens to their orders.
Study adds to debate over dark pools
The great debate over dark pools revolves around the extent to which they fragment the national market system and whether such fragmentation imposes any costs on investors.
So what's really driving innovation in mobile banking?
You hear a lot of rhetoric these days about how consumers are demanding better, more convenient services and how banks are responding with cool experiences. There's no doubt a lot of truth to this. Banks really are delivering radical improvements in mobile banking services, piggybacking the soaring utility of smart phones in general.
Banks struggle with digital marketing
When it comes to banks, the conventional wisdom holds that social media has made strong inroads in customer service, but much less so in marketing. Overall, it's fair to say that a lot of banks and brokerages are still struggling to figure it all out.
Why the cyber incident insurance market is sluggish
Insurance to cover cyber-security events has moved to the front burner over the past few years, as boards react to the escalating risks. Most companies will agree that it's only a matter of time before the cyber bad guys breach their systems. The goal now is to minimize the fallout and prevent as much damage as possible. That may seem defeatist, but it is quite realistic.
The return of NYSE LRPs
The end of patent trolling in banking?
Patent trolls have rampaged through the banking industry in recent years, as even large banks like Bank of America have settled suits that called for them to pay hundreds of millions. Whether you think these troll suits are legitimate or not, we can all agree that the industry has been more than frustrated by them.
Thanks NSA, you're killing the cloud
The current NSA scandal raises a ton of questions--and gives enterprises another excuse to resist the cloud.
Feds foil $15 million ATM hack attack
Federal prosecutors arrested a Massachusetts pair for being members of an international cybercrime ring that planned to steal around $15 million by backing into a dozen financial institutions and the US military's payroll service.
Looking into the NSA's PRISM
We fight on a data battlefield and it might require a new way of thinking.
The top skills for today's Wall Street CIOs
CIOs are busy people. They not only have to dream up cutting-edge trading tools for their traders, they have to support new gadgets brought into the enterprise as well as support systems that were built years before they joined the firm. Yes, the job ranges from supporting up-to-the-minute iPads and Galaxy smartphones to making sure that the decades-old servers don't keel over in the middle of a trading day.
SEC fines CBOE for lapses in oversight
Look out, exchanges. The SEC is handing out tickets and it's not just to hedge funds or sell-side firms. They are gunning for you. Exchange executives, long shielded from legal scrutiny in the U.S., have been put on notice that may be changing after all.
Russian broker plans country's first dark pool
As US regulators and lawmakers are poised to curtail unlit trading venues with new regulations and more transparency, a brokerage firm in Russia announced that it just may open country's very first dark pool.
FINRA fines broker-dealer for lax e-mail monitoring
Putting off those updates to your firm's e-mail monitoring and retention system? If so, then you'd better get cracking or you might have to pay a hefty fine.
Fallout from a single stock Flash Crash
Joe Saluzzi of Themis Trading told MarketWatch that, "Plain and simple, Anadarko suffered a flash crash."
How high-frequency trading lost its mojo
A few years ago, the term high-frequency trading inspired all sorts of fear and awe. Few people understood it, which made it scary. But its impact on the market and the profits the top practitioners generated could not be denied. Fast forward to the present, and it's hard to believe how times have changed for the worse.
ETF liquidity issues on front burner
When it comes to market structure issues, dark pools and small cap liquidity have dominated the discussion.
A modest market structure proposal
No matter what your views on the trade-at rule, the rise of high-frequency traders, or the failure of Reg NMS, everyone can agree that the markets have become much more complex, resembling a collection of markets more so than a unified national market. Indeed, much of the market structure debate today concerns this very issue.
Wall Street embraces BYOD
Handicapping Google vs. Apple in the digital wallet war
Google has suffered some PR hits recently, as commentators grew less enamored with its Google Wallet product.
