Firms are discovering there is a strong business need for accurate real-time positional data across their organizations. Sapient's Duncan Cooper says access to such data would maximize investment opportunities and ensure that a firm can be fully invested. For some, an Investment Book of Records (IBOR) addresses that need.
Traders Magazine Online News
December 19, 2013 – The brokerage agreed to pay a settlement of $150 million for defrauding customers, according to the SEC.
December 19, 2013 – It’s the third time the NYSE markets lost since Bats and Direct Edge agreed to merge in August.
December 19, 2013 – Volume declined in 2013 by the smallest amount in the past four years. For the 10 months through October, average daily volume clocked in at 6.2 billion shares. That was down from 6.5 billion shares, or 4.6 percent, the previous year.
December 18, 2013 – Order management system vendor Liquid Holdings plans to offer prime brokerage services early next year.
December 18, 2013 – I-bankers could receive payouts that are close to flat compared with 2012, while traders and salespeople could get cuts of 2 percent.
December 18, 2013 – Volume is down this year, but don't tell that to the industry's big block traders. For those guys trading billion-dollar blocks as part of overnight secondaries, business is booming.
December 18, 2013 – The asset management firm will use the SunGard solution to measure and monitor risks associated with market positions and portfolios across multiple asset classes.
December 18, 2013 – The proposal would allow firms to raise as much as $50 million, up from $5 million, and may provide a means to avoid reviews by state regulators.
December 18, 2013 – DePalo is accusing the SEC of asking investors “leading and alarming questions” during a 2.5-year probe of his Arjent LLC, a NY-based brokerage.
December 17, 2013 – The operating system that powers the SIP is the decade-old Windows 2003, sources say.
December 17, 2013 – See who joined the ever-expanding institutional department at Axiom Capital Management. Also, see which quantitative trading firms are hiring. Plus, another sales trader heads to retail.
December 17, 2013 – A U.S. District Judge denied the exchange's request to dismiss negligence claims over “the design, testing and touting” of its software.
December 16, 2013 – Officials surprised traders and roiled markets across the globe on Sept. 18 by maintaining their $85 billion in monthly asset purchases.
December 16, 2013 – Gottex will pay about $36M in shares for EIM.
December 16, 2013 – The incident forced UBS to admit that “the company’s internal risk and disclosure controls were inadequate,” the pension funds said in their complaint.