Traders will no longer be able to make direct trades without broker supervision. As part of a series of changes after May’s “flash crash,” the U.S. Securities and Exchange Commission decided Wednesday to bar traders from having…
Recent reports show that several banks have begun advising their wealthiest individual clients to put as much as 10% of their assets into the precious metal. And some are stocking up by the ton.
Continue readin…
Federal regulators said Friday an algorithm caused the notorious Flash Crash of May 6 when an automated trading system selling futures contracts on the S&P 500 ($INX) triggered a cascade of selling throughout the broader market…
Whatever the cause of last May’s “flash crash,” the big question is how another crash can be avoided. According to Keith Saxton, Global Director of Financial Markets at IBM, “What we’ve learned is that the regulators don’t have the same tools as the people playing the market. We have to tool up the regulators and supervisors to see what’s actually going on in near real time.”
Continue reading IBM Global Financial Markets Chief on Preventing Another ‘Flash Crash’
IBM Global Financial Markets Chief on Preventing Another ‘Flash Crash’ originally appeared on DailyFinance on Fri, 01 Oct 2010 11:40:00.