Commentary

Dr. John Bates

Anyone for Tea and Sympathy with Beleaguered HFT Firms?

Guest columnist John Bates wonders if anyone feels bad for the high-frequency trading firms that are now facing lawsuits, sluggish markets and regulators.

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Do you expect more SEC investigations into order routing or handling?

Yes

83%

No

17%

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Latest News

TORA Integrated Markit's TCA into its OMS/EMS

– TORA announced a partnership with Markit to integrate the latter's pre- and post-trade transaction cost analysis (TCA) tools into the former's order and execution management systems.

Could New Regulatory Proposals Upend Euro Brokerage Business Model?

– Although on the surface things seem relatively placid in the European equity industry, recent regulatory changes by the U.K. Financial Conduct Authority related to corporate access could bring on sweeping changes to the brokerage industry.

Join Traders For Our 2014 Wall Street Women Gala

– Traders invites you to join us on November 5th for a celebration of the achievements of women in financial capital markets at our annual Wall Street Women awards.

Disaster Averted in NYSE Stocks as Price Feed Backup Kicks In

– Securities professionals around the country endured a rough few minutes Thursday as a feed for carrying prices and quotes for thousands of stocks on the oldest American equity exchange misfired.

KCG Said to Seek at Least $300 Million for HotSpot Unit

– KCG Holdings Inc., the trading firm formed in the aftermath of Knight Capital Group Inc.’s near collapse, is seeking at least $300 million for its currencies unit, people with knowledge of the matter said.

The Coming Clearing Turf Battle

– When it comes to pending Global OTC Derivatives Clearing Operations, regulators in the US and Europe are bracing for a fight.

Q3 Options Volume Hits One Billion Contracts, Tabb Reports

– The options market is on a tear - with volume hitting a whopping one billion contracts in the third quarter.

Abel Noser TCA Now Measures Cost at the Fill Level

– Trade cost analysis is going a step deeper and measuring execution quality at the fill level.

More Stories

Highlights from the Current Issue

Palo Alto FX Trader Looks for Volatility

Daniel Lucas of Merk Investments is leading the foreign exchange charge in the buyside firm’s offices in the heart of Silicon Valley.

Why Trading Floors Are Shrinking

A wave of ground-breaking innovation and lower volumes has forced floor traders to face a new reality: a smaller, more intimate trading floor.

ALGO UPDATE: Pragma Offers Spot FX Currency Algos

The $5.4 trillion currency market is going electronic and Pragma is getting in the game now with its own algorithms targeting the $2 trillion spot market. The service bureau provider will start offering a variety of algorithms specifically for FX, ranging from simple TWAP to more complex liquidity seekers that minimize market impact.

In the CARDS - Is Finra's Data System Protecting Brokers or Investors?

Guest columnist Robert Stowksy reviews how FINRA's use of broker data to protect investors is under attack and asks the question, "Are they protecting investors or covering for bad brokers?"

TRADERS ON THE MOVE: ConvergEx Hires a Trio of Pros; Farrington Flies With Eagle

Agency-only broker and technology firm ConvergEx has hired a trio of market professionals to help it expand it's global reach while Eagle Investment Systems brought on Greg Farrington as it new head of sales. Bulge bracket broker UBS has hired Pierre Vermaak for its newly formed FRC team.

Reputational Risk RIP

Today, a $5 billion fine is the cost of doing business. How can any Wall Street firm take risk seriously?

BOOK REVIEW: 'Flash Boys' Burns HFT

Traders' reviews the controversial Michael Lewis tome 'Flash Boys' and how it has changed the way Americans think about high-frequency trading "if they even thought about it all" and its impact that may be seen in new regulations.

The Long Compliance Race

In an industry dominated by speed, where short-term success is dependent on decisions made faster than the blink of an eye, guest commentator Mark Knoll said that getting traders to focus on the long-term impact of regulatory changes is like trying to get a world class sprinter to think like a marathon runner.

CLEARING: CME's Sprague Warns About Failure to Settle Clearing Impasse

Traders spoke to Suzanne Sprague, executive director of collateral and risk for CME Clearing about the impasse, how to resolve it, and what it means for the clearing market.

HFT Hype Should Give Way to Serious Market Discussion, Experts Say

With the immediate furor over Michael Lewis's book, Flash Boys, finally dying down, many market players are hoping the receding hype gives way to a discussion of the real problems and possible solutions to some of the issues the book brought up - namely market structure.

ALGO UPDATE: Neonet Readies Algos for Europe; U.S. to Follow

Swedish agency-broker Neonet has a simple business strategy – offer its algorithms and electronic trading solutions first to its native European equity trading clients, and then cross the Atlantic and enter the U.S. equity markets.

Watch the Fiscal Rocks

Modern Network's Tim Quast discusses Michael Lewis's cage-rattling bestseller about high-speed trading, "Flash Boys," and how it left one thing out. Quast notes Lewis didn't say why exchanges pay fast traders. The answer spotlights the importance of getting right whatever corrective market-structure measures may come.

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By: PRWeb
Bankruptcy Rate 70% above the National Average in Tennessee, Georgia, Nevada and Utah in 2012 according to National Bankruptcy Research Center as Reported by Cloud Tech
PRWeb

Cloud Technology Systems, Inc , the industry leading YouTube channel and source for credit repair advice, reports a decrease in bankruptcy filings for the first 3 quarters of 2012. There has been a decrease of 14% in bankruptcy filings in the first three quarters of 2012 when compared to the same period in 2011. Even though nationwide there has been a decrease in Bankruptcies, Tennessee, Georgia, Nevada and Utah are 70% above the National average. Nine of the top ten counties with the highest rate of bankruptcies are located in Georgia and Tennessee. The county with the highest bankruptcy rate for the first 3 quarters of 2012 was by far Shelby county Tennessee (Memphis), according to NBKRC contributor Professor Ronald Mann of the Columbia Law School.

When asked why the filing rate is so high in cities like Memphis, Dena K. Wise a family economics specialist at the University of Tennessee said "If your neighbor does it, it's more likely you will do it." although the promise of keeping your home, car and wages and discharging your unwanted debt as stated at one bankruptcy attorney Memphis TN website WillBankruptcyHelp.com is more likely the reason for individuals seeking bankruptcy.

According to this YouTube video, Many are looking for a way to rebuild their credit after bankruptcy, this video explains how one man filed bankruptcy and was faced with foreclosure and car repossessions and what he did to rebuild his credit Also described in this video is how he used credit cards to build new lines of credit after his bankruptcy. He recommends searching for bad credit credit cards that are designed for those that have had credit troubles in the past even as severe as bankruptcy.

The NBKRC analysis also uncovered that even though some areas of the country are still struggling with bankruptcy the trend is that the overall bankruptcy filing rate is going down. The largest decrease in filings came from Nevada, Hawaii, Arizona and California all down by more than 23% over the same time in 2011.

About the Author:
Joseph McClain has authored two books that can be purchased at amazon.com, Credit Cards For Bad Credit
and Best Credit Card Rewards

Read the full story at http://www.prweb.com/releases/bad-credit/credit-cards/prweb10281558.htm

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