From BBC Business
“New York's attorney general has called for curbs on services provided to high-frequency traders.
In particular Eric Schneiderman highlighted services that allow traders to get faster access to information.
He said traders can make "rapid and often risk-free trades before the rest of the market can react".
High frequency trading is where firms create sophisticated computer programs to buy and sell stocks in milliseconds, faster than any human.
It has grown in popularity in recent years, but it has also come under scrutiny.
"Rather than curbing the worst threats posed by high-frequency traders, our markets are becoming too focused on catering to them," said Mr Schneiderman.”
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Showing posts with label New York. Show all posts
Showing posts with label New York. Show all posts
Wednesday 19 March 2014
New York seeks curbs on high-frequency trading
Labels:
banks,
financial regulation,
high frequency trading,
New York,
risk
Thursday 15 August 2013
New York watchdog investigating virtual currencies
From Bobsguide
“The New York State Department of Financial Services (DFS) has confirmed it is considering new rules for virtual currencies. It has already sent out subpoenas to 22 bitcoin-related firms and believes new legislation should be brought in at some point.
Included in these companies are BitInstant, Coinsetter, Dwolla, Andreessen Horowitz, Google Ventures and Winklevoss Capital Management and each have been asked questions relating to money laundering and investment strategies.”
read more>>
“The New York State Department of Financial Services (DFS) has confirmed it is considering new rules for virtual currencies. It has already sent out subpoenas to 22 bitcoin-related firms and believes new legislation should be brought in at some point.
Included in these companies are BitInstant, Coinsetter, Dwolla, Andreessen Horowitz, Google Ventures and Winklevoss Capital Management and each have been asked questions relating to money laundering and investment strategies.”
read more>>
Labels:
AML,
banks,
Bitcoin,
New York,
regulators,
virtual currency
Tuesday 2 April 2013
What we are reading … 2nd April 2013
New City watchdog to trawl Twitter for bad bank behaviour http://dld.bz/cubph
Why Banks Love Debit Cards Again http://ti.me/14y7rm8
Tablet Banking Forecast 2013-2017 http://dld.bz/cubpd
Small Businesses Prefer Traditional Banking And Still Rely Heavily On Branches http://bit.ly/14xpn06
U.S. Banks Fighting ATM Malware http://www.fastcompany.com/node/3007608
Snap happy mobile banking customers deposit checks via photos http://dld.bz/cubnE
Why Banks Love Debit Cards Again http://ti.me/14y7rm8
Tablet Banking Forecast 2013-2017 http://dld.bz/cubpd
Small Businesses Prefer Traditional Banking And Still Rely Heavily On Branches http://bit.ly/14xpn06
U.S. Banks Fighting ATM Malware http://www.fastcompany.com/node/3007608
Snap happy mobile banking customers deposit checks via photos http://dld.bz/cubnE
Labels:
ATM,
bank branch,
banking,
banks,
cyber security,
debit cards,
malware,
mobile banking,
New York,
tablet banking,
Twitter
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