Saturday, 10 August 2013

SEC to JPMorgan, Jamie Dimon & The London Whale: Admit It Was Wrong!

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WS&T Daily Alert Saturday, August 10, 2013
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EDITORS' OPINIONS

SEC to JPMorgan, Jamie Dimon & The London Whale: Admit It Was Wrong!

By Phil Albinus

As the regulator works on a settlement with JPMorgan's for its botched trades that lead to $6 billion in losses, the SEC's new sheriff removed one option from the table: Jamie Dimon and company cannot 'deny any wrongdoing.'

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Community Chatter

Posted by Yaldez4FSI

A good start...incomplete in today's world of extended systems and a blurring between what is contained inside and outside the organization. Therefore, this thinking needs to be extended beyond the walls (firewalls) of the organization ...

In reply to: The 5 Pillars of a Data Integration Platform (2) By Becca Lipman


Posted by ahonore

There isn't a single piece of supporting evidence in this defense. FinQloud maintains our R3 offering on an EMR cluster (AWS version of big data) and here's our evidence that it works just fine: Signed three of top ten banks in first six months. Have not ...

In reply to: Big Data: No Replacement for the Financial Data Warehouse (2) By Jonas Olsson- Graz


Posted by wawbeek

This article is almost as good as the original and challenges the liquidity justification used for every questionable activity on the street.As Former Chairman Donaldson noted-How much fraud are you willing to accept for added liquidity.

In reply to: Moneybrawl: Michael Lewis Takes on Goldman Sachs, HFT (1) By Phil Albinus


Posted by Dmitriy Kharchenko

Nice and very thoughtful article. "The right partner should be of comparable size - for mid-size buyers, global brands most often do not translate to quality. It is better be a top 10 client at a medium size vendor than an afterthought at a large one." - absolutely! ...

In reply to: Outsourcing Trends on Wall Street: Changing Attitudes (1) By Alexei Miller- DataArt


IN CASE YOU MISSED IT

Moneybrawl: Michael Lewis Takes on Goldman Sachs, HFT

By Phil Albinus

The author of Moneyball takes us inside how Goldman Sachs pushed to have its former top coder, Serge Aleynikov, placed in handcuffs and how the firm barely has a handle on high-frequency trading even today.

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Outages at BATS and Direct Edge: Are Technical Mishaps the New Normal?

By Ivy Schmerken

While systems issues at BATS and Direct Edge briefly interrupted trading, it shows that electronic exchanges can quickly shift orders to rival exchanges.

READ MORE


Data Overload: Admin Tasks Continue to Strain High-Level Performers

By Becca Lipman

Software engineers waste 9.9 hours on administrative tasks per week.

READ MORE


Web Events

What's Your Mobile Vision - And How Can You Realize It?

Tue, August 20, 2013 at 1:00 PM ET (60 min)

Register



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