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December 26, 2012
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News on the capital markets, securities and financial industry

  Morning Bell 
Is Pricing Low Your Strategy to Success? Think again.
Pricing is the heart of a business. It affects everything you do and is affected by everything you do. Economists talk of supply and demand as key factors behind pricing—successful entrepreneurs manipulate demand by making their products more desirable. These six steps will help you determine the right price for your product or service, read the article and learn how to get pricing right.

  Industry News 
 
  • 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) LinkedInFacebookTwitterEmail this Story
  • 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) LinkedInFacebookTwitterEmail this Story
  • 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) LinkedInFacebookTwitterEmail this Story
  • NYSE is sued by pension fund over $8.2B ICE deal
    The New Jersey Carpenters Pension Fund filed a lawsuit against NYSE Euronext saying its $8.2 billion deal with IntercontinentalExchange undervalues NYSE stock. The complaint filed in New York State Supreme Court asks the court to block the sale and seeks class action status on behalf of other NYSE Euronext shareholders. Reuters (12/24) LinkedInFacebookTwitterEmail this Story
  • Bond experts fear Fed's approach could increase volatility
    The Federal Reserve's announcement that it would tie interest rates to unemployment is drawing concern from some market experts who say investors may begin to overreact to sometimes volatile data points. "As the economic data come out now, the market is going [to] extrapolate those short-term fluctuations. It could create opportunities, but there is a possible impact as well," said Robert Tipp of Prudential Fixed Income. "If they come out with hard criteria, that will inject a lot of volatility into the market." Pensions & Investments (free registration) (12/24) LinkedInFacebookTwitterEmail this Story
Transformational Journeys: Modern Business Planning
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.

  Washington Roundup 
 
  • Real-time trading data is coming to SEC
    The Securities and Exchange Commission is testing the software for a system that will give it its first 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) LinkedInFacebookTwitterEmail this Story
Big Data is revolutionizing trading. Get in on it.
Today's financial firms are faced with intensive regulatory scrutiny, new compliance demands and the need to make better, more transparent decisions. It's all about data. These articles show how banks, capital markets and other financial institutions can derive the most value from the complex, fast-paced data pouring into their organizations.

  Asset/Wealth Management Report 
  • Retirement planning involves more than just numbers
    Jeff Gitterman, CEO of Gitterman & Associates Wealth Management in Iselin, N.J., says people need to consider what they will do during retirement -- not just look at the finances needed to retire. He helps clients devise a "desire profile," then comes up with ways for clients to attain those aspirations during retirement. The Wall Street Journal (12/24) LinkedInFacebookTwitterEmail this Story
  SIFMA News 
  • SIFMA Social Media Seminar -- Feb. 28 -- San Francisco
    This popular event moves to the West Coast for a full-day seminar featuring in-depth panels on marketing, business and practitioner experience with social media as well as practical advice on the legal and compliance issues faced by the expanding use of interactive technology for business purposes. Learn the practices and processes that will help your firm navigate these new communication platforms. LinkedInFacebookTwitterEmail this Story
  • Register today and SAVE -- SIFMA's AML and Financial Crimes Conference -- Feb. 26-27
    SIFMA's 13th Annual Anti-Money Laundering and Financial Crimes Conference is the securities industry's premier event for anti-money laundering compliance and practices. Join us and hear exclusive presentations from newly appointed Jennifer Shasky Calvery, director of FinCEN, and Adam Szubin, director of OFAC, on their agendas for the upcoming year. The conference convenes leading experts from the industry, regulatory agencies and law enforcement to discuss the most recent developments and requirements in anti-money laundering laws as well as provides practical guidance for implementing robust and effective compliance programs. Register today and save on registration. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Never get so fascinated by the extraordinary that you forget the ordinary."
--Magdalen Nabb,
British author


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