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January 24, 2013
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News for operations and technology executives in financial services

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  Operations Update 
  • Deutsche Bank exec discusses new risk measures
    The idea of "pausing" an order when it fails to pass a broker's risk check has been getting a lot of discussion, said Greg Wood, Deutsche Bank's director of algorithmic execution for listed derivatives and foreign exchange. "We introduced an additional FIX message that allows us to communicate when an order has been paused," he said. "It's an evolution of what brokers have been doing for several years." Wall Street & Technology (1/18) LinkedInFacebookTwitterEmail this Story
  • Risk and tech workers pursued aggressively by financial firms
    Demand for risk and technology personnel to fill positions in the financial industry remains strong, according to data from eFinancialCareers' annual hiring trend survey. The demand is greatest for individuals with substantial work experience. Recruitment efforts will be the strongest in the 2-5 year and 6-10 year experience ranges, employers said. Wall Street & Technology (1/23) LinkedInFacebookTwitterEmail this Story
  Technology Update 
  Regulatory and Legislative Update 
  • Nasdaq gets a no-go from SEC on new order types
    The Securities and Exchange Commission rejected a new order type from Nasdaq for the first time ever last week. The order types, which were designed to attempt to out perform common trading benchmarks would put the exchange in direct competition with broker-dealers, which the SEC considered a nonstarter. Also, according to objections raised by the Securities Industry Financial Markets Association, Nasdaq as a market operator would not have to meet Market Access Rule requirements which govern participants offering those types of algorithms. (1/18) LinkedInFacebookTwitterEmail this Story
  • Rep. Markey raises concerns about high-frequency trading
    High-frequency trading may be holding back the economy, Rep. Ed Markey, D-Mass., argues. "There is a real risk that algorithmic trading is making investors hesitant to re-enter the equity markets because they fear that the entire game is rigged," Markey wrote in a letter to the Securities and Exchange Commission that urges the agency to institute "rules that restrict or eliminate the practice." But Liquidnet CEO Seth Merrin says a better option might be for the SEC to make "an HFT-free trading zone open to every investor." Fox Business (1/22) LinkedInFacebookTwitterEmail this Story
  SIFMA News 
  • SIFMA C&L Society's FINRA Communication Rule Seminar -- Jan. 30 -- CLE credit available
    FINRA's Communications Rule takes effect Feb. 4. Don't miss our FINRA Communications Rule Seminar, the only event that brings FINRA together with leading compliance and legal experts to provide comprehensive perspective and critical implementation information on changes that will affect the way we do business. The seminar will feature a panel discussion on the new supervision standards, filing requirements for structured products, new regulation of social media and much more. LinkedInFacebookTwitterEmail this Story
  • AMF Workshop: Innovation in Asset Management Operations -- Feb. 6 -- NYC
    Innovation is critical in today's fast-paced business environment. Register to learn how each of us can individually contribute to our own personal growth and development, and how we can be innovative leaders for the buy-side industry. This Asset Managers Forum Workshop is designed especially for operations professionals, will feature panel and roundtable discussions on: Operational Game Changers, The Future Landscape of Asset Management Operations, Central Clearing of Derivatives and more. Also join us the following day, Feb. 7, for our next AMF Member Meeting -- free for members! LinkedInFacebookTwitterEmail this Story
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An exaggeration is a truth that has lost its temper."
--Kahlil Gibran,
Lebanese-American artist, poet and writer

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