Commentary

Traders Magazine Online News

Spoofing, Surveillance and Supervision

Jay Biondo, Product Manager - Surveillance at Trading Technologies, co-authored an article along with James Lundy and Nicholas Wendland, both of Drinker Biddle & Reath LLP, reviewing the CFTC's regulations and expanding efforts, 21st century surveillance and supervision, as well as strategic recommendations.

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Is the adoption of electronic trading in fixed income on par of that in the FX sector?




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February 1, 2004

More Unauthorized Trading Complaints

By Gregory Bresiger

Arbitration cases are on the rise. The most frequently cited reason for filing is the allegation of a breach of fiduciary duty. That's according to the NASD, which released its year-end numbers on dispute resolutions. There were also some 930 complaints over unauthorized trading in 2003 compared to 884 in 2002. Overall, the total number of arbitration cases were just under 9,000 last year. That was a 16 percent increase compared to the previous year.