And so the Rugby World Cup is over for another 4 years. Congratulations to NZ, and commiserations to France. France played with real heart and style. I think they actually made a better final to watch and rolled out a better performance than the Wobblies. This is worrying for me. I now have to question my blind faith in Robbie Deans.
Early summary this week as I’m off to Heron to do the inaugural ocean swim there.
BOLSA ELECTRONICA DE CHILE CHOOSES NASDAQ OMX TRADING SYSTEM
IRESS Introductory Pricing for Aussie Trading Terminal
IRESS is pleased to announce a competitive pricing structure to help its broking clients to prepare for multi-markets in Australia
For clients using the IRESS Operator Trader Workstation (OTW) as a standalone trading terminal, IRESS will offer it’s Best Market Router (BMR) at no cost for 12 months commencing November 2011.
DARK POOL OPERATOR PIPELINE PAYS $1M TO SETTLE SEC CASE
Pipeline Trading Systems will pay $1 million to settle SEC charges that it failed to tell users of its dark pool that the vast majority of orders were filed by an affiliated operation.
Full story: http://www.finextra.com/news/fullstory.aspx?newsitemid=23091
On the Pipeline Fiasco and Our Addiction to Anonymity
The dark pool operator faces an uphill battle in restoring the confidence its shaken buy-side clients.
BM&FBOVESPA COMPLETES FIRST STAGE OF TRADING SYSTEM IMPLEMENTATION http://www.finextra.com/news/announcement.aspx?pressreleaseid=41616
BOFE'S TUCKER CALLS FOR CCP REFORM
Paul Tucker, deputy governor of the Bank of England, says effective resolution regimes need to be put in place to help deal with the "mayhem" that would result if a central counterparty went bust.
Full story: http://www.finextra.com/news/fullstory.aspx?newsitemid=23095
Hong Kong voices concerns about OTC derivatives reforms
Edmond Lau, CEO of the Hong Kong Monetary Authority, voiced concerns about global coordination of over-the-counter derivatives reforms. Hong Kong is committed to overhauling regulation but "cannot be the leader" in the process because of the size of its market, Lau said.
Global Financial Strategy (25 Oct.)
Goldman Sachs is mourning the death of a valued client today … Muammar Muhammad Abu Minyar al-Gaddafi.
NAB clinches $5bn mandate from Russia's central bank
Russia's central bank, which has $533.4 billion in foreign exchange reserves, has appointed National Australia Bank to manage up to 1 per cent, or $5.33 billion, of its assets in Australian cash instruments.
*** When 1% market share means something!
Counter-Offers, And Why They Are Baaad, Very Bad!
Recently, a candidate approached me to help him find a new job. The company that he was currently working for was cutting back his responsibility level
Michael Lee Personal philosophy
Learn as much as possible every day. And always remember that people are more important than profit, happiness is more important than wealth and that life itself is surprisingly short.
Don’t Cry for me Argentina
Chart of the Day: Driving through recession
We are rich only through what we give, and poor only through what we refuse."
--Anne Sophie Swetchine, Russian intellectual and salon owner
Never bend your head. Always hold it high. Look the world straight in the eye."
--Helen Keller,American author and political activist