Near Field Communication (NFC) will enable contactless mobile payments at the register An emerging technology called Near Field Communication will soon give new meaning to the phrase “tapped out.” Once NFC systems become widespread, which could happen as soon as next year, consumers will be able to pay for purchases at the checkout counter by […]
Securities Industry News
The Open Cloud Initiative, a non-profit organization established to advocate for open standards in cloud computing, officially launched last week and announced a 30-day public comment period on its Open Cloud Principles, which are focused on interoperability, avoiding barriers to entry or exit, and ensuring technological neutrality. The principles, however, are not intended to point …
All equities traded on the Nasdaq Dubai exchange will move over to a new platform starting on June 27, the company said Friday.
The move, it said, is a result of the exchange’s acquisition by the Dubai Financial Market.
DFM… Read the rest
Securing corporate IT systems is crucial, but there are ways to make that effort more productive and less costly.
Companies have spent years beefing up their information technology governance, risk and compliance systems. With cutting costs now top of mind… Read the rest
Goldman Sachs, UBS and SociÃ©tÃ© GÃ©nÃ©rale all have been involved in the last year in high-profile cases involving alleged thefts of computer code used in their algorithmic trading strategies for their clients and their own objectives.
The lesson: Even the… Read the rest
This year, U.S. regulators plan to tighten leverage requirements and oversight of foreign exchange brokers. Securities firms with operations in the United Kingdom will need to increase liquidity reserves and begin daily monitoring of assets that can be converted easily… Read the rest
Opposition appears to be mounting against new rules that would reduce the amount of leverage required in retail foreign exchange trading from the current 400:1 to just 10:1.
Opponents of the rules proposed by the Commodities Futures Trading Commission claim… Read the rest
The theft of 15,000 records of HSBC Swiss account holders is “inexcusable,” according to a security expert who provides consulting services to financial firms, and the bank should have taken steps to prevent the loss.
“As an HSBC customer, I’m… Read the rest
Most financial companies have “vast gaps” in their privacy and data protection programs, according to a study released this week by security firm Compuware and Ponemon Institute, a research company. The survey found that 83 percent of companies use real customer data in development and testing – and 51 percent of those who do so, …
Most financial companies have “vast gaps” in their privacy and data protection programs, according to a study released this week by security firm Compuware and Ponemon Institute, a research company.
The survey found that 83 percent of companies use real… Read the rest
The recent financial crisis has demonstrated that securities firms need to change the way they approach risk, needing now to consider a wider variety of economic scenarios and to evaluate risk in an enterprise-wide holistic way. To date, most securities firms have focused on segments of risk, said Richard Thornton, a manager with the London-based …