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- SEC preps high-tech system that gives it real-time trading data
The Securities and Exchange Commission is testing software for a system that will give it, for the first time, direct access to real-time data on what's going on in the U.S. securities markets. The technology, which will cost the regulator about $2.5 million for the first year, is scheduled to go into full operation early in 2013. The Washington Post
(12/24)      
| Industry Update | | |
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- Dealers hoard Treasurys as "fiscal cliff" looms
Bond dealers have lowered the bonds offered to the Federal Reserve to an average of $8.04 billion per day over the past two weeks -- down from $11.6 billion in September 2011. Demand is growing for U.S. government debt safety as Congress struggles to put together a "fiscal cliff" plan. According to a Bloomberg survey of analysts, 10-year rates will grow to 1.88% by the end of June 2013, and 2.17% by the end of next year. Bloomberg
(12/24)
- ICE chief brings fresh perspective on trading practices
Jeffrey Sprecher, chairman and CEO of IntercontinentalExchange, shares his views on the industry, which he believes is due for a shake-up. Sprecher does not support paying incentives to attract big traders onto stock exchanges, also known as "maker-taker" pricing, and disagrees with dispersion of stock trading across many exchanges and private markets, two common industry practices. The Wall Street Journal
(12/25)
- Obama administration reportedly considers refinancing plans
Sources say that the Obama administration is looking at plans to offer mortgage-refinancing programs to borrowers who owe more than their homes are worth and who don't have plans backed by the U.S. government. At the end of June, about 22% of all homes with a mortgage -- about 10.8 million homes, down from 12.1 million at the end of 2011 -- were worth less than what borrowers owed. The Wall Street Journal
(12/25)
| New York Focus | | |
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| Career Development | | |
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- Good leaders are great communicators
Would-be leaders should prioritize developing their communication skills, writes Gretchen Rosswurm. That means mastering public speaking and interpersonal communication skills. "You may be hired for what you know, but you'll be promoted for your ability to influence people," Rosswurm writes. SmartBrief/SmartBlog on Leadership
(12/18)
| People & Personalities | | |
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- Madoff: Insider trading is nothing new
Bernie Madoff wrote in a letter to CNBC that recent cases of insider trading may be fresh in the news, but the practice has gone on "forever." "[O]ne would be led to believe that with the recent spate of insider trading prosecution that insider trading is a new development," Madoff writes. "This is false. It has been present in the market forever, but rarely prosecuted. The same can be said of front running of orders." CNBC
(12/25)
| On The Economy | | |
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| Financial Products | | |
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- SEC to rule on BlackRock copper ETF by Feb. 22
The Securities and Exchange Commission says it will rule by Feb. 22 on BlackRock's iShares Copper Trust, an exchange-traded fund supported by physical metal. Last week, the SEC approved a JPMorgan Chase fund. Reuters
(12/24)
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 | Never get so fascinated by the extraordinary that you forget the ordinary."
--Magdalen Nabb,
British author
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