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- Nasdaq and SEC discuss Facebook IPO settlement
Nasdaq OMX Group reportedly is looking at settling with the Securities and Exchange Commission, which would include a $5 million penalty relating to technical errors during Facebook's initial public offering. Nasdaq has already offered more than $60 million in compensation to firms possibly harmed by the errors. Reuters
(2/5), Bloomberg
(2/5)      
| Industry Update | | |
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- FINRA delays start of price bands and circuit breakers
The Financial Industry Regulatory Authority has postponed the implementation of volatility controls, including circuit breakers, to April 8. In addition, the introduction of limit up/limit down on individual equities is scheduled to be completed by Sept. 30. The controls are part of a response to the May 2010 "flash crash." Traders Magazine Online
(2/5)
- Decades of low returns await investors, report says
For the next 20 to 30 years, annualized worldwide returns on equities will reach 3% to 4% and less than 1% on bonds, according to a report by London Business School and Credit Suisse. Since 1980, real returns on equities and bonds have exceeded 6%, but those days are over, the report says. Many institutions still assume "unrealistic" returns of 6 to 8 percentage points higher than inflation, the report says. Pensions & Investments (free registration)
(2/5)
- Study predicts an uptick in revenue from high-frequency trading
An industry study of U.S. equity markets predicts higher volume that will lead to a better year for high-frequency trading. HFT has been in a slump since its peak in 2009. The combination of investors returning to the market and the possibility of short periods of volatility is the perfect environment for HFT, the report says. Bloomberg
(2/5)
- Analysis: U.S. lawsuit poses risks beyond S&P
The Justice Department's lawsuit against Standard & Poor's could affect the industry for years, Lauren Tara LaCapra and Karen Freifeld write. "This is a very serious challenge. It resurrects all the legacy concerns about ratings agencies," said Edward Atorino of The Benchmark Company. While S&P plans to defend itself in court, experts say there is a risk that other ratings agencies will be damaged as well. Meanwhile, some Democratic lawmakers voiced support for the lawsuit. Reuters
(2/5), The Wall Street Journal/Washington Wire blog
(2/5)
| New York Focus | | |
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| Career Development | | |
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- A forecast for finance jobs
Finance positions such as chief risk officer, compliance manager and emerging payments officer are among six that CTPartners predicts will see strong hiring this year. CFO.com
(2/5)
| On The Economy | | |
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| Financial Products | | |
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| SmartQuote | | |
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 | I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel."
--Maya Angelou,
American author and poet
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