SEC Proposes Solutions to Trading Glitches

The Securities and Exchange Commission’s (SEC) proposal for solutions to major trading glitches on Wall Street was approved unanimously on Thursday. The Wall Street Journal indicates that the SEC’s proposal is a step toward preventing random computer glitches that disrupt markets, while also...

SEC, Other Regulators May Delay Volcker Rule

Five regulators working on the Volker rule may delay releasing a final version of the rule until the second half of the year. The Wall Street Journal reports that this is later than previously expected, and that the delays are caused by how complex creating a rule that bans risky bets has become. Dodd-Frank...

SEC Seeks Rule Requiring Exchanges to Test Technology

The U.S. Securities and Exchange Commission (SEC) is currently drafting a rule that would require exchanges and clearing firms to routinely test their technology for stability and security. Bloomberg reports that SEC Chairman Elisse B. Walter told an audience at American University’s Washington College...

Will the CFTC, SEC Follow Europe with a Transaction Tax?

Now that eleven euro zone countries have approved a financial transaction tax, will U.S. regulators at the U.S. Commodity Futures Trading Commissino (CFTC) and the Securities Exchange Commission (SEC) follow suit? Ironically, though the idea of a financial transaction tax was first proposed by American...

Volcker Rule: SEC’s Gallagher, ICB’s Vickers Weigh-In

The Volcker Rule, which would prevent banks from engaging in proprietary trading, is facing a new wave of criticism at home and abroad. The U.S. Treasury has given banks have until 2014 to comply with the Volcker Rule. Volcker in the UK John Vickers, chairman of Britain’s Independent Commission on Banking,...

SEC Boosts Real-Time Trading Analysis, Dubs New System ‘Midas’

The U.S. Securities and Exchange Commission (SEC) is working to implement real-time trading analysis this month. Now the SEC is also looking to hire analysts to help give the system teeth. SEC’s Real-Time Trading Tech: Midas The SEC’s new technology – developed by Tradeworx, based in Red Bank,...

CFTC, SEC Face Data-Deficit in Coming High-Frequency Trading Fight

The U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) now have FINRA, the financial industry’s self-regulator body, helping to crack down on high-frequency trading (HFT). Yet, barring unforeseen technological changes or a reallocation of resources,...

SEC Forms ‘Formidable Team” With Former CFTC Enforcement Chief

The U.S. Securities and Exchange Commission (SEC) has named Geoffrey Aronow as its top attorney. Aronow formerly served as chief of enforcement at the CFTC from 1995 to 1999, and at the Financial Industry Regulatory Authority (FIRA). This is new SEC chairman Elisse Walter’s first appointment from outside...

Dodd-Frank, Volcker Rule Speculation Reaches Fever Pitch in 2013

The fate of Dodd-Frank and the much debated Volcker Rule are being reconsidered amidst further “fiscal cliff” talks and the arrival of a new Congress. Dodd-Frank Modified? The angle taken by The Washington Post suggests that Dodd-Frank could be modified in 2013. This argument suggests that...

SEC Update: How Will Real-Time Data Affect HFT?

The Securities Exchange Commission (SEC) will use real-time data to monitor high-frequency trading. The commission will begin streaming real-time trade data into its headquarters this month. But how will real-time data (in the hands of U.S. regulators) affect high-frequency trading? Can Real-Time Correct Bad...
Page 3 of 1012345...10...Last »