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Ten Take Aways from Our Trading Summit

Nov 18, 2009 @ 10:57 PM By Kerry Massaro,

I just got back from Advanced Trading’s fourth Buy Side Trading Summit. And although the event is off the record (no reporting using traders' or company names — a way to ensure the buy side feels free to open up —) I figured I’d share the top general takeouts from the event.

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Catching Up On OTC Derivatives Reform

Nov 11, 2009 @ 10:20 AM By Ivy Schmerken,

I’ve been catching up on my reading about OTC derivatives reform bills that were passed by the House Financial services and Agricultural committees last month. Though I am a little behind, I’ve concluded that not much has changed except that regulators really want to mandate clearing and trading on exchanges (or alternative swap execution facilities) to bring transparency into the market and save taxpayers a fortune from bailing out the banks again. At the same time, industry participants are worried about unintended consequences of these reforms.

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London Stock Exchange Crashes Again

Nov 10, 2009 @ 10:22 AM By Kerry Massaro,

The London Stock Exchange crashed yesterday due to a technical problem related to a server. The outage affected one in twelve stocks for 40 minutes from 3:04 until the market closed. Check out this story on the outage.)

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Madoff's Ex-Auditor Pleads Guilty

Nov 4, 2009 @ 08:41 AM By Ivy Schmerken,

David Friehling, the accountant who audited Bernard Madoff’s books, pleaded guilty in Manhattan federal court on Tuesday. Friehling claimed he was unaware of Madoff’s Ponzi scheme even though he served as an independent auditor for Madoff’s money management business from 1991-to 2008. He told the judge that his biggest mistake was trusting Madoff, according to CNBC.

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