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FOTW report #1: Megabank Monthly Management Meeting, October 2011

October 21, 2011 by skinnercm   Comments (0)

Welcome to the first of what may be many fly-on-the-wall (FOTW) reports of internal bank management matters.


Securities Body IOSCO Calls For Limits On Algo Trading

October 21, 2011 by CalConfidence   Comments (0)

The United States is on track to send its debt per capita well above its GDP per capita months after Halloween. The headline unemployment rate is 9.1 and U-6 is 16.5.  Soon the government will have to raise taxes all this while CPI is increasing.  Less American's paying income tax and sucking on the teet of the government means less revenue for the government when all else is equal.  I wouldn't expect the government to be able to fork over the resources necessary to entice physicists into the regulatory bodies in order to keep up with and maintain pace with the powerful HFT houses.  So even if the IOSCO takes very broad strokes with their "recommendations" the false security this creates for he average Joe who doesn't know the intricacies will be blindsided when things go haywire.  Following the article from Computer World UK below is the pdf release from IOSCO.

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