IBM Global Financial Markets Chief on Preventing Another ‘Flash Crash’

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.”

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IBM Global Financial Markets Chief on Preventing Another ‘Flash Crash’ originally appeared on DailyFinance on Fri, 01 Oct 2010 11:40:00.

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This Week’s Reports Could Keep the Rally in Check

Tuesday alone brings news on housing starts and permits and the latest policy statement from Fed Chairman Ben Bernanke. Investors will also contend with new- and existing-home sales, durable goods, leading indicators and weekly…

Dow Ends Strong Week With Wee Gains

Stocks closed ever-so-slightly higher Friday as traders weighed some better-than-expected earnings news and inflation data against slumping consumer sentiment.
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Where Were You When Lehman Brothers Collapsed?

From the floor of the New York Stock Exchange to the cubicles and boardrooms of New York’s biggest banks, when Lehman Brothers failed seemingly overnight, it was clear that the rules had suddenly changed. Here are some recollections of that day in September, 2008.

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Where Were You When Lehman Brothers Collapsed? originally appeared on DailyFinance on Wed, 15 Sep 2010 14:40:00.

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