Industry Needs Targeted Risk Controls for Better Surveillance

murray-pozmanter-dtcc
Murray Pozmanter, DTCC

Given the technology glitches that have impacted the financial markets in recent years, it's not hard to imagine the following hypothetical scenario: One morning, the trading software at a major market-maker fails disastrously, mistakenly bidding up share prices and sending thousands of inflated-price buy orders to an equities exchange. More than 30 minutes elapse before the firm and the exchange realize the activity is aberrant and halt the trading, but not before the firm has racked up

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The Waters Cooler: ’Tis the Season!

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