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- New rules weigh on post-trade securities sector, analyst says
Virginie O'Shea, an analyst at Aite Group, has conducted an assessment of the securities industry, noting that post-trade tensions likely will increase this year. In the assessment, O'Shea identifies six of the biggest regulatory pressures weighing on the industry. The challenges include financial transaction taxes, Basel III rules and other new regulations. The Trade News (U.K.)
(1/21)      
| Industry Update | | |
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- Deutsche Bank exec discusses controversial risk measures
In this interview, Greg Wood, director of algorithmic execution for listed derivatives and foreign exchange at Deutsche Bank, discusses kill switches and other risk-management measures. "The idea behind risk-management checks that act as 'speed bumps' is to identify whether a client may be overtrading. ... We believe that there should be risk-management checks in every part of the electronic order flow that is practical," Wood said. Wall Street & Technology
(1/18)
- FSOC delays money market ruling
The Financial Stability Oversight Council has extended the comment period for money market mutual funds until Feb. 15. The move comes after the Securities and Exchange Commission asked for the extended period in late 2012. The Hill
(1/21)
- Commentary: Geithner's rescue policies were right move
Roger Lowenstein, author of "When Genius Failed: The Rise and Fall of Long-Term Capital Management," explains how critics are once again blaming Timothy Geithner for masterminding aid for large banks during the global financial crisis. Lowenstein writes that the criticism is misdirected because the rescue was "in general, the least bad of all possible options." Bloomberg
(1/21)
| New York Focus | | |
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| Career Development | | |
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- Tips to get more efficient, to help you and your boss
"[M]anagers love efficient workers because they take a huge load off of their backs, make them look good and save the company money in significant and cascading ways," Adria Saracino writes. She suggests ways to improve your efficiency, such as not taking on too many commitments. Brazen Careerist
(1/16)
| On The Economy | | |
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- Middle class must benefit from economic growth, Obama says
President Barack Obama said in his inaugural address that the government must do more to make sure that when the economy expands, the middle class isn't left behind. Unlike his first inaugural speech, in which Obama focused on dealing with the aftermath of the financial crisis, this time the president said the U.S. must deal with long-term economic problems. The Washington Post
(1/21)
- U.S. housing starts reach highest level since 2008
Housing starts in the U.S. increased 12.1% last month compared with November, reaching a seasonally adjusted annual rate of 954,000, the Commerce Department says. In 2012, construction began on about 780,000 units, a 28.1% increase from 2011. RTT News
(1/17)
| Financial Products | | |
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- First Trust aims to debut 2 stock ETFs
First Trust filed with the Securities and Exchange Commission to launch two equity exchange-traded funds that focus on paying out income. The First Trust Enhanced High Income ETF and the First Trust Enhanced Low Beta Income ETF would seek to generate extra income by selling out-of-the-money call options on the Standard & Poor's 500 index. Benzinga.com
(1/18)
| SmartQuote | | |
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 | It ain't what they call you, it's what you answer to."
--W.C. Fields,
American comedian, actor and writer
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