Tag: compliance

Focus on Mitigation Rather Than Elimination

Watching the first installment of the History Channel’s The Men who Build America¬†series earlier this week, started me to think about today’s market structure and how it deals with dislocations. All of today’s market regulation came about to prevent would-be magnates from manipulating the markets and creating their own monopolies like Cornelius Vanderbilt and John…

Can You Regulate Good Software?

If two new initiatives come out of this morning’s US Securities and Exchange Commission (SEC) roundtable on promoting stability in the financial markets, likely they will be real-time no-cost exchange drop copies for broker-dealers and a new set of industry-wide test symbols that every market center will use. Every other suggestion brought up during the…

You May Be a High Frequency Trader If…

Earlier this week, one of the Technology Advisory Committee (TAC) working committees presented the US Commodities Futures Trading Commission (CFTC) a proposed four-point definition of high-frequency trading. It’s important to remember that this definition is nothing more than a recommendation to the CFTC. As CFTC Commissioner Scott O’Malia stated publicly in the past, the working…

Regulators and Suppliers to Drive IT Compliance Standards

A majority of recently polled European financial services andinsurance executives, 57 percent, believe that they are now in the back seatwhen it comes to help shaping the upcoming regulatory standards and thatregulators and suppliers will take the lead, according to findings by industrythink tank JWG andpublished in a white paper sponsoredby data center host Interxion. What is a bit more…