Hackers who could cripple networks and sow chaos are a growing concern, and new federal legislation is needed to help deter them, according to a report by members of a panel that studied the 9/11 attacks. Read the related statement from SIFMA.
JPMorgan Chase has assembled a team of employees to continuously watch transactions across electronic platforms and asset classes with an eye toward noticing threats and opportunities. The services of the 150-member group will be available to clients and JPMorgan's own traders.
"Big Data", essentially the collection, formatting, analysis and use of large amounts of digital information, is starting to affect Wall Street and investors. Despite significant challenges, Big Data presents a huge opportunity to investors. How traders can capitalize on the trend is less clear.