News & Commentary
Content posted in December 2012
Page 1 / 3   >   >>
Wall Street & Technology’s Top 5 Stories of 2012
Slideshows  |  12/27/2012  | 
Financial firms may have been laying off employees by the thousands, but it’s certainly not all gloom and doom for technologists. Specialized IT skills are still in high demand on Wall Street, and earlier this year, we gave you the low-down on how to get an elite IT education. If you’re a Wall Street manager, we also gave you some tips on how to manage Millennials to make sure you connect with them, retain them and make the most of their talent – while also ensuring you take a
A Look Ahead to the Capital Markets in 2013
Slideshows  |  12/21/2012  | 
The Eurozone crisis is far from over, the fiscal cliff is top of the headlines and industry revenues continue to decline. Adding to their collective headache, financial organizations are dealing with flat IT budgets while striving to innovate in today’s ultra-competitive market. But there are a host of bright spots in the financial technology world. Here is a look at Wall Street & Technology’s take on the key issues that will shape the industry in 2013.
Wall Street & Technology’s Top 5 Galleries of 2012
Slideshows  |  12/21/2012  | 
It’s been quite a year for the financial services industry, which was hit by multi-million dollar hack attacks as well as spectacularly disastrous technology failures. We took a look at the most costly industry mishaps in our top galleries of 2012, while also shining the spotlight on some of the biggest mistakes CIOs make. But there is light at the end of the tunnel for chief technology officers: our recent salary survey showed that IT skills remain in short supply on Wall Street. So for t
ICE's NYSE Swoop Creates Derivatives Giant
News  |  12/21/2012  | 
IntercontinentalExchange's $8.2 billion takeover of New York Stock Exchange owner NYSE Euronext allows it to tap into a dramatic expansion of demand for clearing financial derivatives expected next year.

In ICE-NYSE Deal, One CEO Steps Back, The Other Rises
News  |  12/21/2012  | 
Duncan Niederauer, the chief executive of New York Stock Exchange operator NYSE Euronext, once boldly proclaimed that his company could not be acquired.

Regulatory Black Hole Puts Banks Off Deals
News  |  12/21/2012  | 
Regulatory uncertainty is putting large banks off buying the assets of smaller rivals, complicating the sector's restructuring and giving hedge funds and private equity a golden opportunity to swoop in.

In ICE-NYSE Deal, One CEO Steps Back, The Other Rises
News  |  12/21/2012  | 
Duncan Niederauer, the chief executive of New York Stock Exchange operator NYSE Euronext, once boldly proclaimed that his company could not be acquired.

Regulatory Black Hole Puts Banks Off Deals
News  |  12/21/2012  | 
Regulatory uncertainty is putting large banks off buying the assets of smaller rivals, complicating the sector's restructuring and giving hedge funds and private equity a golden opportunity to swoop in.

World's Investors Stirred, Not Shaken by U.S. Fiscal Crisis
News  |  12/21/2012  | 
Global investors are betting Washington will overcome its budget deadlock despite an apparently serious setback.

Hedge Fund Sloane Robinson Hit by Emerging Market Slowdown
News  |  12/21/2012  | 
The slowdown in emerging markets is hitting hedge fund Sloane Robinson hard, highlighting how, even as the industry attracts investors, managers can quickly fall from grace if they fail to perform.

IntercontinentalExchange Buys NYSE Euronext for $8 Bln
News  |  12/20/2012  | 
IntercontinentalExchange agreed an $8 billion deal to buy New York Stock Exchange owner NYSE Euronext on Thursday, propelling the commodities player into European financial futures and helping it to take on arch rival CME Group.

Factbox: ICE-NYSE Euronext Would Go Third in World Table
News  |  12/20/2012  | 
A look at the world's top exchanges by market capitalization, as IntercontinentalExchange agrees to pay $8 billion for NYSE Euronext.
Proven: Technology That Stuns Users Into Boosting Retirement Funds
News  |  12/20/2012  | 
Merrill Edge has launched an app called Face Retirement.
Costs, Investor Confidence Among Biggest Obstacles for Boutique Asset Managers
News  |  12/20/2012  | 
According to a SunGard survey, boutique asset managers are looking to technology to help meet growth challenges and satisfy increased demands.
IntercontinentalExchange Buys NYSE Euronext for $8 Bln
News  |  12/20/2012  | 
IntercontinentalExchange agreed an $8 billion deal to buy New York Stock Exchange owner NYSE Euronext on Thursday, propelling the commodities player into European financial futures and helping it to take on arch rival CME Group.

U.S. Funds Cut Equity Stakes to Year Low on Fiscal Worries
News  |  12/20/2012  | 
U.S. investment firms headed towards the new year defensively, with average equity holdings hitting a more than 13-month low and average bond weightings at their highest in all of 2012, a Reuters poll showed on Thursday.

UBS Libor fixing fine puts brokers under scrutiny
News  |  12/19/2012  | 
The complex world of inter-dealer broking took centre stage on Wednesday as UBS admitted that its traders paid bribes to brokers in return for their help rigging interest rates.

Getco to Buy Knight Capital in $1.4 Bln Deal
News  |  12/19/2012  | 
Knight Capital Group Inc, which was nearly brought down by a trading error in August, said it will be acquired by rival electronic trading firm Getco Holdings Co in a cash-and-stock deal that the companies valued at $1.4 billion.

MF Global Judge Wary of Letting Customers Depose Corzine
News  |  12/19/2012  | 
A bankruptcy judge responded on Wednesday with skepticism to a request by former MF Global customers to depose the collapsed brokerage's former chief Jon Corzine.

SAC's Top Consumer Trader Draws U.S. Scrutiny
News  |  12/19/2012  | 
U.S. authorities are examining trading by one of SAC Capital Advisors' most successful portfolio managers, Gabriel Plotkin, as part of a probe into the $14 billion hedge fund firm's investment in Weight Watchers International Inc last year, according to a person familiar with the investigation.

Getco to Buy Knight Capital in $1.4 Bln Deal
News  |  12/19/2012  | 
Knight Capital Group Inc, which was nearly brought down by a trading error in August, said it will be acquired by rival electronic trading firm Getco Holdings Co in a cash-and-stock deal that the companies valued at $1.4 billion.

Commodity Trader Hedge Funds Outsmart Standalone Rivals
News  |  12/19/2012  | 
Hedge funds owned by commodity giants including Cargill and Louis Dreyfus have outwitted their standalone rivals in a year of market volatility that has disrupted traditional models for oil and metals trading.

Extreme Makeover: Citi Consolidates 70 Data Centers to 20
News  |  12/18/2012  | 
The global bank has also virtualized 40,000 servers and improved server utilization by 45 percent.
Seatbelts, Air Bags Won't Solve Threat of Tech-Induced Market Crashes
News  |  12/18/2012  | 
Given the rapid growth of technology in all aspects of the market, the disastrous BATS and Facebook IPOs - and the Knight Capital episode - shouldn't have been a big surprise.
Two Former Fund Managers Guilty of Insider Trading
News  |  12/18/2012  | 
Two former hedge fund managers were convicted on Monday of illegal trading in Dell Inc stock based on secret information supplied by research analysts, the latest in a string of Wall Street insider-trading convictions.

Massachusetts Fines Morgan Stanley Over Facebook IPO
News  |  12/18/2012  | 
Morgan Stanley, the lead underwriter for Facebook Inc's initial public offering, will pay a $5 million fine to Massachusetts for violating securities laws governing how investment research can be distributed.

Massachusetts Fines Morgan Stanley over Facebook IPO
News  |  12/18/2012  | 
Morgan Stanley, the lead underwriter for Facebook Inc's initial public offering, will pay a $5 million fine to Massachusetts for violating securities laws governing how investment research can be distributed.

Two Former Fund Managers Guilty of Insider Trading
News  |  12/18/2012  | 
Two former hedge fund managers were convicted on Monday of illegal trading in Dell Inc stock based on secret information supplied by research analysts, the latest in a string of Wall Street insider-trading convictions.

BofA Ramps Up Mobile, Social Media User Experience
News  |  12/18/2012  | 
BofA aims to mirror how users and consumers share information outside the financial industry.
Asia Brokers In Balancing Act to Bypass Stalled HFT Debate
News  |  12/17/2012  | 
Brokers in Asia are trying to balance traditional investors and the new force of high-frequency traders to keep profits growing amid a pullback in overall trading volumes, seeking to move past a stalled debate on trading models.

U.S. Banks Add to Call For Easing Liquidity Rule
News  |  12/17/2012  | 
U.S. banks want regulators to ease a rule forcing them to hold large amounts of assets that can be tapped at short notice in a crisis, saying the buffers built up already should be enough.

JPMorgan Copper ETF, First in US, Gets Green Light
News  |  12/17/2012  | 
U.S. regulators have finally approved JPMorgan Chase & Co's controversial plan to launch a copper exchange-traded fund backed by actual stockpiles of the metal, dealing a blow to end users who fear the product will wreak havoc on prices.

U.S. Banks Add to Call for Easing Liquidity Rule
News  |  12/17/2012  | 
U.S. banks want regulators to ease a rule forcing them to hold large amounts of assets that can be tapped at short notice in a crisis, saying the buffers built up already should be enough.

2013 Electronic Trading Outlook: More Pressure on Tap for the Sell Side
News  |  12/17/2012  | 
Next year, the buy side is also likely to be impacted by intense pressure on management fees, an issue has been developing for some time but in 2012 seemed to reach a tipping point.
Microwave Technology for Low Latency Trading Networks
Commentary  |  12/17/2012  | 
Microwave networking can deliver a significant speed advantage over fiber for high frequency trading applications between cities such as Chicago and New York, writes Travis Mitchell of Aviat Networks
So Much Uncertainty, So Little Volatility
News  |  12/14/2012  | 
Equating economic uncertainty with financial market volatility this year would have been a dangerous game.

Hedge Funds Down, Not Out in Tricky US Natgas Market
News  |  12/14/2012  | 
David Coolidge may still be the king of U.S. natural gas hedge fund managers but his $2 billion Velite Capital has made less than half of last year's money while one of his biggest rivals is headed for a loss in an unusually tricky year for traders.

Investors Bet on Euro Assets in 2013 Despite Risk
News  |  12/14/2012  | 
Major investors are preparing to dip their toes deeper into the turbulent waters of the euro zone in 2013.

Ex-Wells Fargo Banker Arrested in Insider-Trading Scheme
News  |  12/14/2012  | 
A former Wells Fargo banker was arrested on Thursday on charges of fraud, conspiracy and money laundering resulting from an insider-trading scheme that netted its participants $11 million, the Justice Department said.

Four Deutsche Bank Employees Jailed on Thursday
News  |  12/14/2012  | 
Four of the five Deutsche Bank employees arrested for money laundering or obstruction of justice related to a carbon trading scheme will remain in jail, the Frankfurt prosecutor said on Thursday.

Financial Stability Oversight Council Considers Money Fund Designation
News  |  12/14/2012  | 
The U.S. risk council discussed using its powers under Dodd-Frank to impose more regulatory oversight on money market funds.
Things You Should Know About HTML5
Commentary  |  12/13/2012  | 
Leading front-end trading applications in FX, fixed income and OTC derivatives have moved quickly to adopt HTML5. But this is no technology fad, writes Mazy Dar, CEO of OpenFin.
Selling DDoS Flak Jackets in the Cyberwars
News  |  12/13/2012  | 
When hacker groups like Anonymous rise from the digital ether, or when WikiLeaks dumps a trove of classified documents, some see a lawless Internet.
Wall Street Nemesis Warren to Join Senate Banking Committee
News  |  12/13/2012  | 
Wall Street critic and Senator-elect Elizabeth Warren will join the Senate Banking Committee where she is likely to be a loud voice in favor of tight financial regulation.
Here Comes the CFTC: The Regulators Keep Coming Back for More
News  |  12/13/2012  | 
The ripples from the financial crisis are still being felt as regulators continue to find new ways to monitor, control and examine the daily work of asset managers.
US Man Pleads Guilty to Wire Fraud in Hedge Fund Scheme
News  |  12/13/2012  | 
A man who stole money from clients after convincing them he was a Harvard-trained hedge fund manager with more than $1 billion under management plead guilty on Wednesday to five counts of wire fraud, the U.S. Department of Justice said.

Wall St Nemesis Warren to Join U.S. Senate Banking Committee
News  |  12/13/2012  | 
Wall Street critic and Senator-elect Elizabeth Warren will join the Senate Banking Committee next year where she is likely to be a loud voice in favor of tight financial regulation.

The Case for Scenario Planning in Sandy’s Wake
Commentary  |  12/13/2012  | 
After underestimating the strength of Hurricane Sandy, financial firms need to consider 'risk scenario planning' as a tool for forecasting what can go wrong in the future, writes author and risk analyst Andrew Waxman.
Instinet Revamps Commission Management Platform
News  |  12/12/2012  | 
The global agency broker has launched an enhanced version of Plazma with multi-strategy functionality to enable buy-side users to view budgets and balances on a sub-account level.
Budget Deal Could Set U.S. Economy 'Booming' - Dimon
News  |  12/12/2012  | 
JPMorgan Chase & Co CEO Jamie Dimon said the United States could have a "booming economy" in a couple of months if lawmakers in Washington reach agreement to deal with the looming spending cuts and tax increases known as the "fiscal cliff."

Page 1 / 3   >   >>


Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.