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April 12, 2012
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News for operations and technology executives in financial services

  Top Story 
  • Financial institutions rethink data security to fight hackers
    As cyber attacks become more sophisticated and increasingly relentless, financial institutions are taking new approaches to securing their data, including anti-fraud strategies and real-time monitoring. The popularity of mobile data has made the battle to block unauthorized access to sensitive data broader and more complex. Wall Street & Technology (4/9) LinkedInFacebookTwitterEmail this Story
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  Operations Update 
  • Nasdaq takes market-monitoring platform to China
    China Merchants Securities picked Nasdaq OMX Group's SMARTS Broker platform to monitor illegal activity such as insider trading and market manipulation. The exchange operator's arrangement with CMS dovetails with its strategy to blanket the world with its surveillance technology. Brokers, regulators and exchanges in Hong Kong, Australia and Singapore already use it. Advanced Trading (4/2012) LinkedInFacebookTwitterEmail this Story
  Technology Update 
  • Morgan Stanley Smith Barney plans to expand use of social media
    Morgan Stanley Smith Barney launched a pilot program in May to allow its financial advisers to use social networking sites to interact with clients. The firm plans to expand that program. Morgan Stanley also confirmed at a recent SIFMA seminar that it is working on a mobile application for distributing content through FA Insights, its internal social media site. SIFMA's Social Media Seminar series continues in New York City on June 20. Registration also grants you access to SIFMA Tech Expo 2012 on the same day and in the same location. The Financial Standard (Australia) (4/11) LinkedInFacebookTwitterEmail this Story
  • DRW's Wilson discusses regulation and the future of trading
    Don Wilson, founder of DRW, discusses how he launched the trading group and offers insight into the regulatory changes altering the industry landscape. DRW has become a global force as electronic and high-frequency trading have become more prevalent. Wilson also offers his take on high-frequency trading, saying it's a "natural evolution of the marketplace." (4/5) LinkedInFacebookTwitterEmail this Story
  • Commentary: High-speed trading is the way forward
    Bernard Donefer writes that high-frequency trading has been wrongly blamed for market issues and that criticisms of the practice are overblown. Algorithmic trading is progress, he writes. "Speed of information and execution is everyone's objective in the marketplace -- and the current trading infrastructure is no more than a logical extension of a long-term trend," Donefer writes. Bloomberg (4/10) LinkedInFacebookTwitterEmail this Story
  • Other News
  Regulatory and Legislative Update 
  • SEC sifts through hedge fund data to identify risk
    The Securities and Exchange Commission received disclosure from hundreds of hedge funds and other private money managers detailing their investors, funds, brokers and other information. The SEC is looking through the data in search of risky behavior. "Pick your fraud of the day, and the question is, 'Can we extract information from this data system together with the other databases we have access to and home in on problems before they do damage?' " said Robert Plaze, the SEC's deputy director of investment management. The Wall Street Journal (4/10) LinkedInFacebookTwitterEmail this Story
  SIFMA News 
  • SIFMA's 39th Operations Conference & Exhibit -- Scottsdale, AZ, May 1-4
    SIFMA's 39th Annual Operations Conference + Exhibit is the premier event dedicated to operations in the financial services industry. Key speakers include Cyrus Amir-Mokri, Assistant Secretary for Financial Institutions, U.S. Department of the Treasury; Stephen Daffron, Global Head of Operations, Technology and Data, Morgan Stanley; and Grace Vogel, Executive Vice President, FINRA. They lead an all-star lineup of industry and regulatory thought leaders who will discuss important topics such as: Infrastructure, Risk Management, Regulatory Issues, Trade Processing Changes, Protecting Customer Assets, Volcker Rule, Corporate Actions and Proxy, Cost Basis Reporting, and many more! It is a must-attend event. Register today. LinkedInFacebookTwitterEmail this Story
  • SIFMA Tech Leaders Forum 2012, New York City, June 19-21
    SIFMA Tech Leaders Forum and Expo 2012, "Managing Today's Realities" is the industry's premier financial services event. At the Forum, you will have the opportunity to hear the latest technology trends from the industry’s top experts. Discover in-depth analysis of critical developments in our content-rich conference program. Program topics include: Cyber Security, Derivative Trading, Cloud Computing, Program Management, Privacy and Information Security, Social Media, Legal Entity Identifier, Risk Management, Mobile Technology and Smart Devices, Evolving Regulatory Reform, Creating Efficiencies and Making Tech Dollars Count, and much more! This is a must-attend event for senior-level technology and operations, legal and regulatory, compliance, risk, trading and strategic development professionals. Register today. LinkedInFacebookTwitterEmail this Story
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Life is a long lesson in humility."
--James M. Barrie,
Scottish author and dramatist

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