The cost of the technology and infrastucture needed to support high-frequency trading is “tens of millions of dollars” per year, according to Kevin McPartland, a…
Category: In the News
Indeed, commercial banks in America have pocketed $115 billion from cash and derivatives trading in the past ten years, according to the Office of the…
My thoughts on where financial services technology is going along with other industry experts. http://www.bloomberg.com/avp/avp.htm?N=innovators&T=Innovators%3A%20Optimizing%20Profits&clipSRC=FLASH/innovators/innovators_broadcast-optimizing_profits_v3.flv
The House plans exclude firms that are not “systemically important” or do not expose their counterparties to “significant credit losses”. But as Kevin McPartland of…
U.S. regulators will need budget increases “orders-of-magnitude larger” than current levels to police trades in the $592 trillion over-the-counter derivatives market, according to Tabb Group…
It used to be the market-makers and specialists who took the brunt of broker complaints that prices were fixed and the market was inefficient. Now,…
Mr. MCPARTLAND: Reporting requirements will provide a lot more transparency to regulators as to who is doing what and who holds what positions. KESTENBAUM: Would…
http://www.cnbc.com/id/15840232?video=1120401058&play=1