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TGIF: Check Out The World's Best Airlines And Apply For Vacation Time!
May 28, 2010 @ 10:16 AM | By Melanie Rodier

In Skytrax's annual World Airline Awards, ranked by surveys and reviews of more than 17.9 million customers, Asian carriers dominate the list, followed by the Middle East and Australia.

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Derivatives Provisions in FinReg Under Fire
May 27, 2010 @ 11:30 AM | By Ivy Schmerken

The U.S. Senate passed the financial reform bill last Thursday, though I'm not sure that there are any champagne corks popping on Wall Street.

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Financial Reform Fails on 'Too Big to Fail'
May 25, 2010 @ 11:36 AM | By Greg MacSweeney

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Themis Paper Spurs Chi-X and BATS to Change Dark Data Practices
May 21, 2010 @ 12:47 PM | By Greg MacSweeney

"Hard to see, the dark side is." If Frank Oz only knew how appropriate Yoda's comments would be in this galaxy, on Wall Street, and far far away from the Star Wars Universe. (Sorry, I couldn't resist the easy Star Wars reference). According to a Reuters news report, a recent whitepaper from Themis Trading, an independent agency brokerage firm specializing in trading Listed and OTC equities for Institutions, has spurred European investors to shift orders from BATS and Chi-X to Turquoise, Europe's largest dark trading venture (also known as a multilateral trading facility (MTF). Turquoise is controlled by the LSE. The whitepaper, "Data Theft on Wall Street (PDF)," contends that NASDAQ and BATS were disseminating information that allowed high-frequency traders identify large orders from investors. Themis has issued a number of statements and whitepapers that are critical of high-frequency trading and other practices that Themis contends hurt investors. In response to the reaction from market participants, both BATS and Chi-X have announced they are changing the way data is disseminated from their dark books, according to the Reuters article.

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TGIF: Dave Barry Ad Libs On His New Book
May 21, 2010 @ 09:49 AM | By Melanie Rodier

In this video clip, humorist Dave Barry ad libs on his new book, "I'll Mature When I'm Dead"...

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Updated: Trading Firm Breakdowns and the 'Flash Crash'
May 21, 2010 @ 07:15 AM | By Greg MacSweeney

The Wall Street Journal is reporting that possible trading glitches at Citadel and Knight Capital could have contributed to some of the problems during the May 6 Flash Crash.

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Opening Statement on the Flash Crash from SEC's Shapiro
May 20, 2010 @ 11:44 AM | By Greg MacSweeney

The SEC and market participants are still trying to sort out what exactly happened during a 20-minute period on May 6 that saw the markets swing wildly in both directions. Mary Shapiro, chair of the Securities and Exchange Commission, briefs Congress on what the regulator has discovered in this video from MSNBC.

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More On 'Flash Crash': Why Pick 5-Minute Circuit Breakers?
May 20, 2010 @ 11:24 AM | By Ivy Schmerken

In a CNBC video, Joe Mecane, NYSE EVP reacts to the pilot-5-minute circuit breakers and the SEC-CFTC's draft report on what caused the flash crash.

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Rethinking Strategies
May 20, 2010 @ 11:14 AM | By Greg MacSweeney

Certain industries and their corporate cultures have ways of turning unproven business strategies into gospel. The senior leadership team will buy into a strategy and defend it to all naysayers. You can't really blame a CEO who stands behind the strategy he created. It's hard to admit your wrong, especially is shareholders are breathing down your neck.

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Compliance Watch: Keeping Client Data Safe
May 14, 2010 @ 10:50 AM | By Greg MacSweeney

Is it reasonable to expect advisers to comply with privacy rules in 50 separate states? The short answer is 'Yes,' because it's your business and livelihood.

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SIFMA Chairman Elect on Regulation Reform
May 14, 2010 @ 07:59 AM | By Greg MacSweeney

John Taft, chariman elect for SIFMA, discusses the state of the proposed financial services regulation reform that is working its way through Washington in this video from CNBC.

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Update on the 'Flash Crash:' Fat Finger or Perfect Storm?
May 13, 2010 @ 11:22 AM | By Ivy Schmerken

The precise cause of last Thursday's 20-minute 'flash crash' is still a mystery to most people on Wall Street and Main Street.

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Lawmakers Search for Market Turmoil Answers
May 10, 2010 @ 10:35 AM | By Greg MacSweeney

Congress is looking at what caused last Thursday's wild market ride that saw the Dow briefly fall close to 1,000 points before quickly recovering.

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Bank Reform Amendment to Prevent Some Betting
May 10, 2010 @ 10:15 AM | By Greg MacSweeney

A new amendment to the Senate's financial regulation bill would ban investment banks from betting against that products that they sell to their customers.

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Theories Abound On Market Meltdown
May 07, 2010 @ 13:40 PM | By Ivy Schmerken

Was it a "fat finger" error by a trader, a rogue algorithm or a nervous reaction to the Greece-European debt crisis that caused the stock market meltdown yesterday?

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TGIF: Trader Freaks Out As Market Plunges
May 07, 2010 @ 12:28 PM | By Melanie Rodier

One trader freaks out during a webcast as he watches the stock market plunge on Thursday. "WHOA!!! Even Cramer doesn't know what to think!!" Check it out around the 1mn mark, in this Reformed Broker video clip.

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Pre-Trade Risk Management, Not Electronic Trading, Should Be Scrutinized
May 07, 2010 @ 11:24 AM | By Melanie Rodier

If a "fat finger" problem can happen at a firm, there is obviously an issue with their pre-trade risk management, says Aite Group's Paul Zubalake.

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Stock Plunge Will Happen Again, Warns NYSE Euronext CEO
May 07, 2010 @ 10:16 AM | By Melanie Rodier

In this MSNBC video, NYSE Euronext CEO Duncan Niederauer says we have to accept that "things like this" are going to continue to happen in a period of market volatility.

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Why Are Rating Agencies Off the Hook?
May 06, 2010 @ 11:37 AM | By Ivy Schmerken

One question that boggles the mind is why the rating agencies are being allowed to get away with cloaking sub-prime debt in triple A-ratings?

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Can 1 Million iPad Customers Be Wrong?
May 04, 2010 @ 10:12 AM | By Greg MacSweeney

So far, it seems, most iPad sales have gone to consumers looking to have the latest and greatest gadget. How soon will we start to see the iPad in corporate America, or on the trading floor?

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Digging Deeper Into Financial Reform Legislation
May 03, 2010 @ 11:08 AM | By Greg MacSweeney

As Congress starts to debate financial reform legislation this week, Fortune Magazine's Allan Sloan talks to American Public Media's Steve Chiotakis about his ideas for financial reform.

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