Top Stories

Alterian Boosts Social Media Status With Intrepid Buy

September 2, 2010 - With the purchase of Intrepid, the Chicago-based Alterian can now broaden its commitment to real-time, first-hand intelligence about brands across the social media landscape into a packaged social media solution

EU to Allow Temporary Ban on Short-Selling

September 2, 2010 - European regulators could be allowed to ban abusive short selling of equities and naked short selling of credit default swaps and sovereign debt for three months at a time.

SEC Checks Role of “Quote Stuffing” in May Flash Crash

September 2, 2010 - The Securities and Exchange Commission is looking into whether a trading practice known as “quote stuffing” is responsible for the May 6th “”flash crash” and for placing some investors at a disadvantage by distorting stock prices, according to an article published in the Wall Street Journal on Thursday.

Solutionary Launches Unified Threat Management Tool

September 2, 2010 - Solutionary joins crowded UTM market with a service that includes real-time virus protection.

China to Offer First Registered Hedge Fund

September 2, 2010 - China is set to offer its first officially registered hedge fund in the wake of new regulations permitting trading in index futures and short selling.

European Fund Managers to Regulators: You Don’t Care About Us

September 1, 2010 - European fund managers are mounting some strong opposition to pending legislation on the continent which would increase transparency in the burgeoning over-the-counter derivative market.

Icap to Introduce E-Trading for Interest Rate Swaps

September 1, 2010 - The world’s largest interdealer-broker Icap has laid claim to introducing the world’s first electronic market for interest rate swaps.

BATS Europe to Butt Heads With Chi-X Europe Over Depositary Receipts

September 1, 2010 - BATS Europe will soon compete head on with Chi-X Europe in trading international depositary receipts. The subsidiary of U.S market operator BATS Global Markets has set September 3 as the date it will begin trading depositary receipts pending regulatory approval and its review of its clearinghouse European Multilateral Clearing Facility.

The Eyes Have It

August 31, 2010 - Bank of America has it, the Pentagon has it, and Global Rainmakers' exec Jeff Carter believes iris scan authentication is coming soon to an ATM near you.

Fiserv Launches Program To Help Banks Boost Revenue

August 31, 2010 - The final compliance deadline for new overdraft fee rules took effect two weeks ago yet many banks are still working to compel customers to opt in and figuring out ways to deliver new services to supplant lost revenue.

Fidelity Makes Block Orders Easier on WealthCentral

August 31, 2010 - RIA customers can also receive alerts on short-term redemption fees.

LCH.Clearnet Slashes Fees

August 31, 2010 - LCH.Clearnet will cut fees for many customers by as much as two-thirds and eliminate charges for high-volume equity traders amidst the possible loss of key clients and growing competition in Europe’s post-trade clearing market.

Firms Okay With Expanding Transaction Reporting to OTC Derivatives

August 30, 2010 - Buy-side firms and other market players want to expand the scope of transaction reporting to comply with European legislation on best execution to over-the-counter derivatives and introduce position reporting for OTC derivatives as well .

Providers Seek Alternative Businesses

August 30, 2010 - Liquidnet and Pipeline started diversifying into new business lines a few years back. And their latest product offerings point to the next stage in each firm's evolution.

How Ready are You for Enterprise Data Management?

August 30, 2010 - Just how much is your firm doing to ensure accurate and consistent enterprisewide data? That question could be answered on Sept 15 when the New York-based trade group Enterprise Data Management Council and Headstrong, a New York financial services IT consultancy, will release the results of an online survey of about 65 fund managers, broker-dealers and universal banks worldwide.