Commentary

Victor Yodaiken

NYSE Halt Shows the Industry Needs a New Approach to Time

The SIP regulation which went into effect on July 11 further draws more attention to the centrality of time synchronization for data integrity in financial markets.

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Latest News

Global Equity Trading Values on the Rise in H1 2015, Up 36% WFE Says

– Global equity trading volumes are on the rise.The World Federation of Exchanges has published its Market Highlights Report for the first semester of 2015 and noted that value of worldwide share trading rose 36% to $59 trillion USD in the first half of 2015. Check out the breakdown in this report.

Barclays to Slash 150 Jobs As Managing Directors Depart

– The UK bank is slashing 150 i-banker jobs and shrinking its fixed income sector.

TD Ameritrade Creates Trading Tool based on Trader's Market Perception

– Traders who execute orders in options are getting a tool that works based of their perception of the market - where it is and where it could be going.

FX Shop EBS BrokerTec Forms Executive Management Team, Names Co-Heads & More

– EBS BrokerTec, ICAP's electronic foreign exchange (FX) and fixed income business, is continuing along with its integration and formed an executive management team to lead the new business. See the Who's who of new hires.

Cargill’s Black River Unit to Liquidate Four Hedge Funds

– Black River Asset Management, the $7.4 billion investment firm owned by Cargill Inc., said it’s liquidating four hedge funds with more than $1 billion in combined assets.

Hairy Days as New Bond Shops Struggle to Dent $8 Trillion Market

– In mid-July, Amar Kuchinad, a former Goldman Sachs Group Inc. banker turned bond entrepreneur, was sporting a thick beard. He refused to shave, he said, until his new company, Electronifie Inc., turned a profit.

AQR’s Trading Chief Goes on Leave Amid SEC Probe of Ex-Employer

– Hitesh Mittal, the head of trading at AQR Capital Management, is voluntarily taking a leave of absence amid a regulatory investigation of his former employer, Investment Technology Group Inc.

ITG Drops a Record 24% After Citing Rule Violations at Dark Pool

– Investment Technology Group Inc.’s stock plunged after the company said its dark pool faces a record $20.3 million penalty for running afoul of U.S. regulations.

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Highlights from the Current Issue

Bitcoin Never Sleeps: How Pantera Capital's Dan Morehead Trades The Digital Currency

Bitcoin-focused hedge funds must deal with the challenges of long-term investments. And the trading is relentless.

Algo Update: Neonet's Capture Grabs Liquidity Anywhere

The firm’s newest algorithm, dubbed Capture, is the latest addition to its growing stable of software designed to help the buyside source liquidity.

TRADERS ON THE MOVE: Schapiro Joins LSE, Jefferies Gets Low-Touch Head in Europe

In today's Traders On the Move, Texas-based CAPIS hires a senior trader for its fixed income desk, while ex-SEC Chair Mary Shapiro has been elected to the board of the LSE. Also, Jefferies has hired a new head of electronic sales.

Liquidnet and IEX Bring New Algorithmic Routing Strategy

Liquidnet, the equity block trading pool, and IEX, the buyside sponsored ATS that wants to help the buyside avoid predatory traders and find the elusive block trade, have joined together to create a new algorithm.

HKEx to Resume Closing Auction, Impose Temporary Price Limits

Hong Kong Exchanges & Clearing Ltd. will reintroduce a daily auction to set closing stock prices and impose temporary price controls to limit extreme share moves.

KCG Rebrands and Relaunches its Dark Pool

Like a phoenix rising from the ashes of its former self, KCG Holdings has rebranded and relaunched its dark pool website and the pool itself.

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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

PRWeb.com
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