The Dodd-Frank Act represents the most sweeping regulatory changes to the U.S. financial system in decades. And the biggest changes of all will likely be brought about by the Volcker Rule.
Named after the former Fed chairman, the Volcker Rule will ban banks from proprietary trading. But how regulators define prop trading is likely to change the way the buy side trades and reshape the future of the Street. Advanced Trading's July digital issue takes an in-depth look at how sell-side firms are preparing for the Volcker Rule and provides some insights into what it all might mean for the buy side.
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In This Issue:
DEFINING THE FUTURE OF PROP TRADING: The sell side anxiously is awaiting clarification on the Volcker Rule. Meanwhile, how regulators distinguish proprietary trading from market making and hedging could dampen liquidity for the buy side.
THE SOONER THE BETTER: Even though banks have years to comply with the Volcker Rule, they'd be smart to shutter their prop trading desks now, argues Larry Tabb.
THE SECRET TO CONGRESS' SUCCESS: Members of the U.S. House and Senate have been using non-public information to consistently outperform Wall Street, according to recent research.
An Inside Look at State Street's Bold Move to the Cloud
Helping Institutional Traders Achieve Best Ex in FX
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Look for these future digital editions of Advanced Trading in 2011.
Colocation and Optimizing Liquidity Sourcing
The Growing Popularity of Alternative Asset Classes
How the Buy Side Can Cope With MiFID and Fragmentation
Introducing the Advanced Trading Digital Subscription Package