Broker-Dealer Business of Investment Banks
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Broker-Dealer Business of Investment Banks
Information on the recent development of trading business in investment banks
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5 Technology Challenges for Investment Banks in...

5 Technology Challenges for Investment Banks in... | Broker-Dealer Business of Investment Banks | Scoop.it
In the opinion of Jonathan Firester, managing director of capital markets at Accenture, if you look broadly at the financial landscape we are in the latter years of a series of transformations that started after the '08 crisis.
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Professor's Blinkx research that caused share slump was 'paid for by investors' - Telegraph

Professor's Blinkx research that caused share slump was 'paid for by investors' - Telegraph | Broker-Dealer Business of Investment Banks | Scoop.it
Harvard profesor admits blog, which wiped 40pc off the Blinkx share price last week, was commissioned by “two US investment firms” (More market manipulation by Hedge Funds aided and abetted by Investment Banks.
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An ocean apart

An ocean apart | Broker-Dealer Business of Investment Banks | Scoop.it
ON ONE side of the Atlantic a handful of banks still find it possible to earn a decent living by trading stocks, bonds and other financial instruments. On the other,...
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Investment banks struggle to kick the leverage habit - Financial News

Investment banks struggle to kick the leverage habit - Financial News | Broker-Dealer Business of Investment Banks | Scoop.it
European investment banks still look thinly capitalised relative to their US peers – which could be storing up trouble ahead (Investment banks are struggling to kick the leverage habit - and their profitability could get even worse.
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How Should Broker-Dealers Leverage FINRA Rule 2111?

Regulatory changes are among the most challenging events taking place in the financial industry today.The Dodd-Frank Act, as statutory authority, continues to demand a significant data process and collection re-engineering effort. For example, the newly adopted FINRA Rule 2111 which governs customer suitability for brokerage customers is applicable to all broker-dealers. Additionally, many firms subject to Rule 2111 are concurrently subject to certain business conduct rule provisions under Dodd-Frank which demand new onboarding and data acquisition requirements for transactional counterparties – based on an identical dataset. The question is whether this identical onboarding and continuation data is being (or will be) leveraged across the enterprise to support ancillary activities ranging from compliance to product cross-selling.The new FINRA Rule 2111 stipulates that a firm or advisor must "have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence." The new rule makes it clear that a broker-dealer lacking a complete understanding of both the product and the customer is in violation of the rule. Rule 2111 therefore drastically changes the brokerage onboarding process through transformation to a more dynamic and perpetual “know-your-customer” experience. The reasonable basis analysis for concluding that a given strategy or product recommendation is suitable will likely be a collaborative data process - which is a substantial shift from the traditional account opening process.Because FINRA Rule 2111 and the related Dodd-Frank provisions require a significant process reformation and data collaboration, the model should be rules-driven and flexible to optimize the inherent cross business-line data while contemporaneously leveraging any applicable safe harbor provision.Safe harbors, which constitute a legal provision to reduce or eliminate liability, are often used as a part of a compliance strategy. For example, Rule 2111 requires broker-dealers and associated persons, for both retail and institutional accounts, to document with specificity their reasonable basis for believing that a given profile data element is either not relevant, or alternatively, customer-provided with a reliance on the accuracy of the customer’s submission. The reliance on the submission as part of a rules-based collaborative onboarding process constitutes reasonable basis – provided no red flag or suspicious activity is detected. Because of the ongoing and perpetual suitability requirement, the collaboration feature is likely the next generation of onboarding intelligence.Rule 2111, in part, is comprised of reasonable-basis suitability. The reasonable-basis obligation requires a broker-dealer or associated person to have a reasonable basis to believe that the product or strategy recommendation is suitable for at least some investors. FINRA, through its guidance, stated that “[b]rokers cannot fulfill their suitability responsibilities … when they fail to understand the securities and investment strategies they recommend.” Where the broker-dealer’s repository already contains product and strategy data, the rules-based query engine could easily harmonize the data (for cross-selling purposes), and/or evaluate profile suitability (for compliance purposes). The collaboration rules are necessary to allow for any after-the-fact determination that may narrow or widen the customer/counterparty risk tolerance, time perspective, or other data element.Source : http://tabbforum.com/opinions/how-should-broker-dealers-leverage-finra-rule-2111?
Via Investors Europe Stock Brokers
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Crowdfunding Platforms and Broker Dealers: An Evolving Relationship

Crowdfunding Platforms and Broker Dealers: An Evolving Relationship | Broker-Dealer Business of Investment Banks | Scoop.it
The wave of crowdfunding platforms partnering with broker-dealers (“BDs”) continues with Earlyshares announcing a partnership with Point Capital Partners. This partnership will birth Earlyshares Pro, a crowdfunding platform for accredited investors, set to launch upon the implementation of Title II of the JOBS Act. Title II will lift the ban on general solicitation and advertising of security offerings to accredited investors – and while delayed – it is largely expected to be promulgated by the end of 2013. This will allow Earlyshares Pro, and other crowdfunding platforms with broker-dealer licenses or affiliation, to begin crowdfunding investments from accredited investors.
Via Berend de Jonge
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High-frequency trading comes to Asia as regulators grow ever more wary

High-frequency trading comes to Asia as regulators grow ever more wary | Broker-Dealer Business of Investment Banks | Scoop.it
Dealers' demands for almost instant buying and selling opportunities are being met by hi-tech microwave and laser beam technology (RT @hftreview: High-frequency trading comes to Asia as regulators grow ever more wary
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Q1 2013 US Investment Bank Round-Up: Advisory Services - Trefis

Q1 2013 US Investment Bank Round-Up: Advisory Services - Trefis | Broker-Dealer Business of Investment Banks | Scoop.it
Q1 2013 US Investment Bank Round-Up: Advisory Services Trefis Earlier this month, we tried to provide investors an overview of what to expect from the investment banking units at the country's largest banks ahead of the earnings season through a...
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Forums - $XBD broker dealer index on 2 April: what happened?

or the iShares Dow Jones US Broker-Dealers ETF (symbol IAI) This 5-day chart of $XBD versus IAI shows the big change in $XBD at the open on Tuesday: http://finance.yahoo.com/q/bc?s=^XBD&t=5d&l=on&z=l&q=l&c=iai ...
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High-Frequency Trading Continues to Grow, Despite Regulatory Initiatives ... - Bobsguide (press release)

High-Frequency Trading Continues to Grow, Despite Regulatory Initiatives ... - Bobsguide (press release) | Broker-Dealer Business of Investment Banks | Scoop.it
High-Frequency Trading Continues to Grow, Despite Regulatory Initiatives ...
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High-Frequency Trading Continues to Grow, Despite Regulatory Initiatives ... - Bobsguide (press release)

High-Frequency Trading Continues to Grow, Despite Regulatory Initiatives ... - Bobsguide (press release) | Broker-Dealer Business of Investment Banks | Scoop.it
High-Frequency Trading Continues to Grow, Despite Regulatory Initiatives ...
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KERIUS Finance boosts risk management and hedging advisory services with ... - Automated Trader

KERIUS Finance boosts risk management and hedging advisory services with ... - Automated Trader | Broker-Dealer Business of Investment Banks | Scoop.it
KERIUS Finance boosts risk management and hedging advisory services with ...
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Changing the Speed of High-Frequency Trades - Traders Magazine

Changing the Speed of High-Frequency Trades - Traders Magazine | Broker-Dealer Business of Investment Banks | Scoop.it
Changing the Speed of High-Frequency Trades Traders Magazine Britain's Foresight Program found that high-frequency trading has generally benefited investors-but a European Commission task force recommends that all orders live for at least half a...
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Looking beyond the Banks – Alternative Funding - Business Doncaster Showcase

Looking beyond the Banks – Alternative Funding - Business Doncaster Showcase | Broker-Dealer Business of Investment Banks | Scoop.it
You have a great idea for your business but you need to raise funding for it. You’ve had a good look at bank funding but what are the other options? What about grants? What is Crowd Funding?
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Five upcoming investment-banking firms that are going places - Economic Times

Five upcoming investment-banking firms that are going places - Economic Times | Broker-Dealer Business of Investment Banks | Scoop.it
Economic Times
Five upcoming investment-banking firms that are going places
Economic Times
These investment-banking firms are thriving in their own niches. They are small, but growing. They don't do everything, but they do it well.
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The Future of Investment Banking

The Future of Investment Banking | Broker-Dealer Business of Investment Banks | Scoop.it
Further transformation of capital markets is imminent. The development of financial services is reaching a turning point that will involve everything from research to after-trade services, complex ...
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High-frequency trading comes to Asia as regulators grow ever more wary

High-frequency trading comes to Asia as regulators grow ever more wary | Broker-Dealer Business of Investment Banks | Scoop.it
“ Dealers' demands for almost instant buying and selling opportunities are being met by hi-tech microwave and laser beam technology (RT @hftreview: High-frequency trading comes to Asia as regulators grow ever more wary”
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Watchdog finds problems in dozens of U.S. broker-dealer audits | Reuters

“* Problems found in 95 percent of broker-dealer audits* Inspections mandated after Madoff Ponzi scheme* Some auditors not checking accounting fraud risks -reportBy Dena AubinNEW YORK, Aug 19 (Reuters)...”
Via Chuck Hammond, PPC, CMFC
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Wall Street is back

Wall Street is back | Broker-Dealer Business of Investment Banks | Scoop.it
FOR a few tense weeks in 2008, as investment-bank executives huddled behind the imposing doors of the New York Federal Reserve, Wall Street seemed to be collapsing...
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Nasdaq OMX Launches ETF Exchange - Advanced Trading

Nasdaq OMX Launches ETF Exchange - Advanced Trading | Broker-Dealer Business of Investment Banks | Scoop.it
The market maker has recast one of its three exchanges for the trading of exchange-traded funds. ... The confusion around high frequency trading and algorithmic trading is not helping the discussion of new regulations.
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MTS plans push into US bond trading - Financial Times

MTS plans push into US bond trading - Financial Times | Broker-Dealer Business of Investment Banks | Scoop.it
MTS plans push into US bond trading
Financial Times
... institutional investors for government and corporate bonds.
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J. Lehmann, C. Castillo, M. Lalmas and E. Zucherman. Finding News Curators in Twitter

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High-Frequency Trading Continues to Grow, Despite Regulatory Initiatives ... - Bobsguide (press release)

High-Frequency Trading Continues to Grow, Despite Regulatory Initiatives ... - Bobsguide (press release) | Broker-Dealer Business of Investment Banks | Scoop.it
High-Frequency Trading Continues to Grow, Despite Regulatory Initiatives ...
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Algorithms Gone Wild: 3 Cases of Computers We Trusted Too Much - DailyFinance

Algorithms Gone Wild: 3 Cases of Computers We Trusted Too Much - DailyFinance | Broker-Dealer Business of Investment Banks | Scoop.it
Algorithms Gone Wild: 3 Cases of Computers We Trusted Too Much DailyFinance Those automated algorithms remain the most obvious and efficient way to keep up with today's fast-paced world: Computer programs can be better equipped to spot trends or...
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Tough Times Ahead for the Broker-Dealer - www.waterstechnology.com

Tough Times Ahead for the Broker-Dealer - www.waterstechnology.com | Broker-Dealer Business of Investment Banks | Scoop.it
www.waterstechnology.com
Tough Times Ahead for the Broker-Dealer
www.waterstechnology.com
Enhanced connectivity requirements, big bank resurgence and regulation all weigh heavy on the broker-dealer landscape.
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