Commentary

Dr. John Bates

Anyone for Tea and Sympathy with Beleaguered HFT Firms?

Guest columnist John Bates wonders if anyone feels bad for the high-frequency trading firms that are now facing lawsuits, sluggish markets and regulators.

Traders Poll

Do you expect more SEC investigations into order routing or handling?

Yes

83%

No

17%

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Latest News

TORA Integrated Markit's TCA into its OMS/EMS

– TORA announced a partnership with Markit to integrate the latter's pre- and post-trade transaction cost analysis (TCA) tools into the former's order and execution management systems.

Could New Regulatory Proposals Upend Euro Brokerage Business Model?

– Although on the surface things seem relatively placid in the European equity industry, recent regulatory changes by the U.K. Financial Conduct Authority related to corporate access could bring on sweeping changes to the brokerage industry.

Join Traders For Our 2014 Wall Street Women Gala

– Traders invites you to join us on November 5th for a celebration of the achievements of women in financial capital markets at our annual Wall Street Women awards.

Disaster Averted in NYSE Stocks as Price Feed Backup Kicks In

– Securities professionals around the country endured a rough few minutes Thursday as a feed for carrying prices and quotes for thousands of stocks on the oldest American equity exchange misfired.

KCG Said to Seek at Least $300 Million for HotSpot Unit

– KCG Holdings Inc., the trading firm formed in the aftermath of Knight Capital Group Inc.’s near collapse, is seeking at least $300 million for its currencies unit, people with knowledge of the matter said.

The Coming Clearing Turf Battle

– When it comes to pending Global OTC Derivatives Clearing Operations, regulators in the US and Europe are bracing for a fight.

Q3 Options Volume Hits One Billion Contracts, Tabb Reports

– The options market is on a tear - with volume hitting a whopping one billion contracts in the third quarter.

Abel Noser TCA Now Measures Cost at the Fill Level

– Trade cost analysis is going a step deeper and measuring execution quality at the fill level.

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Highlights from the Current Issue

Palo Alto FX Trader Looks for Volatility

Daniel Lucas of Merk Investments is leading the foreign exchange charge in the buyside firm’s offices in the heart of Silicon Valley.

Why Trading Floors Are Shrinking

A wave of ground-breaking innovation and lower volumes has forced floor traders to face a new reality: a smaller, more intimate trading floor.

ALGO UPDATE: Pragma Offers Spot FX Currency Algos

The $5.4 trillion currency market is going electronic and Pragma is getting in the game now with its own algorithms targeting the $2 trillion spot market. The service bureau provider will start offering a variety of algorithms specifically for FX, ranging from simple TWAP to more complex liquidity seekers that minimize market impact.

In the CARDS - Is Finra's Data System Protecting Brokers or Investors?

Guest columnist Robert Stowksy reviews how FINRA's use of broker data to protect investors is under attack and asks the question, "Are they protecting investors or covering for bad brokers?"

TRADERS ON THE MOVE: ConvergEx Hires a Trio of Pros; Farrington Flies With Eagle

Agency-only broker and technology firm ConvergEx has hired a trio of market professionals to help it expand it's global reach while Eagle Investment Systems brought on Greg Farrington as it new head of sales. Bulge bracket broker UBS has hired Pierre Vermaak for its newly formed FRC team.

Reputational Risk RIP

Today, a $5 billion fine is the cost of doing business. How can any Wall Street firm take risk seriously?

BOOK REVIEW: 'Flash Boys' Burns HFT

Traders' reviews the controversial Michael Lewis tome 'Flash Boys' and how it has changed the way Americans think about high-frequency trading "if they even thought about it all" and its impact that may be seen in new regulations.

The Long Compliance Race

In an industry dominated by speed, where short-term success is dependent on decisions made faster than the blink of an eye, guest commentator Mark Knoll said that getting traders to focus on the long-term impact of regulatory changes is like trying to get a world class sprinter to think like a marathon runner.

CLEARING: CME's Sprague Warns About Failure to Settle Clearing Impasse

Traders spoke to Suzanne Sprague, executive director of collateral and risk for CME Clearing about the impasse, how to resolve it, and what it means for the clearing market.

HFT Hype Should Give Way to Serious Market Discussion, Experts Say

With the immediate furor over Michael Lewis's book, Flash Boys, finally dying down, many market players are hoping the receding hype gives way to a discussion of the real problems and possible solutions to some of the issues the book brought up - namely market structure.

ALGO UPDATE: Neonet Readies Algos for Europe; U.S. to Follow

Swedish agency-broker Neonet has a simple business strategy – offer its algorithms and electronic trading solutions first to its native European equity trading clients, and then cross the Atlantic and enter the U.S. equity markets.

Watch the Fiscal Rocks

Modern Network's Tim Quast discusses Michael Lewis's cage-rattling bestseller about high-speed trading, "Flash Boys," and how it left one thing out. Quast notes Lewis didn't say why exchanges pay fast traders. The answer spotlights the importance of getting right whatever corrective market-structure measures may come.

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Expertise of a New Jersey Personal Injury Settlement Consultant Helps an Injured Client and Attorney Malpractice Concerns

Moorestown, NJ (Law Firm Newswire) March 14, 2012 - Personal injury attorneys excel at upholding their client's rights when the person is seriously injured due to someone else's carelessness and negligence. These types of lawsuits can be very lengthy and complex, all while the injured person is trying to obtain the therapies they need to function in daily life. Instead of taking on all of the care management and specialized estate planning for the injured person, personal injury lawyers can call on a personal injury settlement consultant to address all of the special needs planning and financial considerations for the person's livelihood.

“Many personal injury attorneys seek our advice to help create a solid financial, medical, and support plan for their client,” said Thomas D. Begley, Jr., a New Jersey personal injury settlement consultant and special needs attorney at Begley Law Group. “It not only helps to have our expertise to coordinate the proceeds of the settlement, but it helps personal injury attorneys know they have a colleague to ensure that every factor has been addressed. This, in turn, lessens malpractice issues as well.”

The best case scenario is to retain a personal injury settlement consultant early on to address all of the important aspects of the injured person's concerns. For each issue, it can take time to draft the appropriate documents, file with relevant government agencies, select a trustee, and obtain the best medical insurance.

“Settling a catastrophic injury case is often just the first action item for the injured person,” said Begley. “You want to make sure that all of the critical supports and services are in place and the assets are preserved so that your client can have the best quality of life.”

Begley Law Group's personal injury settlement consulting services include legal advice regarding:
- Special needs and estate planning
- Medical coverage, public benefits, and care management
- Investment advice and tax planning
- Special needs trust and settlement preservation trusts
- Guardianship
- Probate
- Medicare Set-Aside arrangements
- Structured settlements
- Qualified settlement funds
- Lien resolution

“We have assisted personal injury attorneys in cases involving minors, incapacitated people and many other types of clients throughout our law firm's 75 years of experience,” said Begley. “We have the skills to protect your client's settlement and to safeguard your reputation and hard work for years to come. Without a qualified personal injury settlement consultant, your client could lose essential public benefits and access to critical resources.”

To learn more about the Begley Law Group or New Jersey personal injury settlement consulting, call 1.800.533.7227 or visit www.begleylawgroup.com.

Colleen Caruso
Begley Law Group, P.C.
509 S. Lenola Road, Building 7
Moorestown, NJ 08057
Tel: 800.533.7227


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