Commentary

Marianne Brown
Traders Magazine Online News

The Surprising Factor Financial Firms Need to Invest in To Accelerate Growth

When it comes to people, a firm's success relies on more than just the top contributors to the bottom line, according to FIS. In its latest report, shared with Traders Magazine, the firm says it actually found firms that are prioritizing investments in digital expertise are growing nearly twice as fast as their peers.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

Free Site Registration

May 25, 2007

Vogel's New Role

By Peter Chapman

Grace Vogel, responsible for member firm regulation at NYSE Regulation, will head up risk oversight and operational regulation at the new self-regulatory organization being created by the merger of NASD and NYSE Regulation. The department of risk oversight and operational regulation is half of the new entity's member regulation group. The other half, the department of sales practice regulation, will be headed by current NASD executive Robert Errico. The two will jointly run member regulation.

Vogel's new beat involves sending examiners into member brokerage houses on a periodic basis to check up on their compliance with industry rules. Audits cover trading departments, among others.

At NYSE Regulation, Vogel's responsibilities cover about 350 firms. In the new SRO, she will add about 4,700 more. The as-yet-unnamed SRO is expected to come into existence this quarter.