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US banks must heighten defences against cyber threats
Date: Sep 27, 2012
Author: Magessan Raj
Categories: Data & Analytics, Operational Risk & Security, Risk & Performance, Technology & Operations
Keywords: Wells Fargo, BofA, JPMorgan, CrowdStrike, Dmitri Alperovitch, NYSE, Joseph Lieberman, FS-ISAC, DDoS
FS-ISAC raises cyber threat level as BofA, JPMorgan, and Wells Fargo experience recent network disruption linked to cyber-attack claims in the US.
JEG could help kick-start Japan’s stagnant financial system
Date: Aug 28, 2012
Author: Levina Lim
Categories: Exchanges, Markets & Exchanges
Keywords: OSE, TSE, JEG, NYSE Euronext, Nasdaq OMX, JFTC, Atsushi Saito, SGX, ASE, Deutsche Boerse AG, SEHK
On track to form the world’s third largest bourse, the TSE-OSE merger is also expected to result in cost savings of $89 million a year.
Unregulated HFT trading a serious threat to market stability
Date: Aug 28, 2012
Author: Levina Lim
Categories: Exchanges, Markets & Exchanges, Operational Risk, Risk and Regulation
Keywords: Knight Capital, ASIC, SEC, FSA, HFT, NYSE, TSE, BME, Systemic Risk, Sam Tyfield, Automat, Sal Arnuk, Themis Trading
HFT trading continues to ignite regulatory concerns, fuelled by a spate of technological glitches in trading exchanges.
Knight Capital fiasco underlines need for greater safeguards
Date: Aug 07, 2012
Author: Magessan Raj
Categories: Exchanges, Markets & Exchanges
Keywords: Knight Capital, NYSE, General Atlantic, Blackstone, TD Ameritrade, Stifel Nicolaus, Fidelity, Vanguard, Barclays, Roger Freeman, SEC, Mary Schapiro
As the SEC examines Knight Capital Group’s devastating trading glitch, firms would do well to implement proper risk management measures to reduce the chance of technology errors.
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