“With great power comes great responsibility” – Voltaire (or Spider Man’s Uncle Ben) As the fairly controversial and seemingly very expensive SEC tick pilot comes to a close in October, it’s a good time to reflect on the very interesting exemptions to Rule 611, specifically the use of Intermarket Sweep Orders (ISOs) and their …
by Travis Schwab and Jeff Bell Let’s face it: establishing relationships with new vendors is fraught with peril and often doesn’t go very well. Many times, promises are made by sales people during the sales process, but when it comes time to deliver, the implementation/installation goes off the rails.. And problems don’t end there: …
Making Magic: Five Keys to Success with New Vendors Read More »
FOW Derivatives World Asia, which was held in Hong Kong on April 11, found markets at an awkward stage and that may have resulted in a lower than normal level of attendance for the event. Still, there was plenty going on with hot topics of conversation centered around cryptocurrencies, Chinese oil futures, and the acquisition …
The focus of regulators and exchanges continues to sharpen and recent interest has zeroed in on the activity prior to the opening of the market. In products where an Indicative Opening Price (IOP) is utilized, regulatory action and fines have come down for behaviors that are deemed to be manipulative. To assist firms in managing …
IOP Surveillance-Critical Component of a Comprehensive Trade Surveillance Program Read More »
Imagine for a moment that the FBI sent you a letter telling you that it had looked through all of your digital activity over the last month and it spotted some things that might indicate potentially illegal behavior by someone in your house. Included with the letter are dozens of pages with a recommendation for you to …
I recently rehashed an old idea of mine as I was reading Chris Skinner’s post “Real-time connections between regulators and banks is a game-changer.” If a financial regulatory body (like FINRA or ESMA for instance) was being created today, how could it be different? As Chris lays out in his post, regulators are starting to look …
How can we help? – Disrupting the Regulatory Industry Read More »
