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from Financial Regulatory Forum:

Forget HFT; “High Intelligence Trading” is the new frontier for technology, markets, regulation

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By Henry Engler, Compliance Complete

NEW YORK, Apr. 10, 2014 (Thomson Reuters Accelus) - While fast is good, smart is better, and with untold resources of computing power and memory banks in the clouds, the new frontier in electronic trading combines sophisticated intelligent software with rapid-fire processing, enabling traders to stay one step ahead of the regulators.

“What’s the difference between pure speed and adding intelligence to that speed?” asked Terry Keene, head of iSys, a technology integration firm, at a conference focused on high performance computing. The answer is “big data analytics” that brings decision-making and trading to a “near-time” environment, he added.

Companies small and large, including IBM, are at the forefront of leveraging so-called “big data” and ever faster and more powerful computing power. The outcome for market participants, particularly buy-side firms, is an environment that makes millisecond trading decisions more dependent on analytics and information scoured from a variety of sources.

“Over the past 18 months people started to understand data,” said George Kledaras, chief executive of Fix Flyer, a technology company with a focus on the FIX protocol, a long-standing communications standard developed for securities transactions and markets.

from Breakingviews:

China tech rout sifts IPO haves from don’t-needs

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By John Foley 

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Falling prices of internet stocks are a headache for companies yet to join the market. The sell off that began in the first week of March and broke on April 8 hit Chinese companies particularly hard. It may leave investors pickier about coming initial public offerings of tech companies from the People’s Republic. The haves will be sorted from the don’t-needs.

from Financial Regulatory Forum:

Book by high-profile author Lewis may spur high-frequency-trading reform push, success unclear

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By Emmanuel Olaoye, Compliance Complete

WASHINGTON/NEW YORK, Apr. 2, 2014 (Thomson Reuters Accelus) - During a clip on Sunday night's "60 Minutes" program, host Steve Kroft asked bestselling author Michael Lewis why he was so opposed to high frequency trading.

"If it wasn't so complicated, it would be illegal," said Lewis, who is the author of a new book called "Flash Boys: A Wall Street Revolt." 

from Photographers' Blog:

Back on his feet

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New York, United States

By Mike Segar

On a cold Wednesday morning in March 2014, I saw Errol Samuels sitting in his wheelchair before a therapy session at a New York City hospital named Mount Sinai.

 

Errol, a 22-year-old from Hollis, Queens, is paraplegic. The week before his college final exams in May 2012, he and his friends went to an off-campus party. He went out on a deck and the roof collapsed on him, crushing his spine. Errol says his doctors “didn’t need to tell me what was wrong. Once it happened, I couldn’t move my legs at all”. But remarkably, less than two years later with the help of a revolutionary new device named the “ReWalk”, Errol is back on his feet.

from Felix Salmon:

Mark Zuckerberg, the Warren Buffett of technology?

What does Mark Zuckerberg think he’s doing, spending $2 billion on Oculus? You could take him at his word — that he sees virtual reality as “a new communication platform” where “truly present” people “can share unbounded spaces and experiences”. Basically, virtual is the new mobile, and Zuckerberg wants to get in on the game early.

But note what Zuckerberg doesn’t say, as much as what he does. There’s no mention of “social”, no mention even of “Facebook”. Zuckerberg is one of the greatest product managers in history, but his legendary focus is nowhere to be seen here: it’s all big, vague, hand-waving futurism. And note too one of the quieter members of Zuckerberg’s board of directors: Donald Graham, the CEO of what used to be called the Washington Post Company, and old friend of Warren Buffett.

from The Great Debate:

How technology widens the gender gap

The Internet and mobile phones have transformed our connections to people around the world. This technology has also, however, led to a widening gender gap in poorer countries. For it is largely men who control the information revolution that helps to educate, inform and empower.

In low and middle-income countries, a woman is 21 percent less likely than a man to own a mobile phone, according to research done by GSMA. In Africa, women are 23 percent less likely than a man to own a cell phone. In the Middle East the figure is 24 percent and in South Asia, 37 percent,

from Felix Salmon:

The rational Candy Crush IPO

Jim Surowiecki is absolutely right about the IPO of King Digital Entertainment, the makers of Candy Crush Saga. The point of an IPO is to raise permanent capital for a company which intends to exist in perpetuity, while King will realistically last only as long as the Candy Crush fad. King will probably never again make the kind of money ($568 million) it made last year, and yet it issued options in January at a crazy $9.4 billion valuation.

Surowiecki writes:

It’s easy to see why King’s founders want to go public: money. But the money isn’t worth the hassle. As a public company, King will have to show shareholders consistent results and ever-growing profits. Such expectations are, frankly, silly in crazily competitive, hit-driven industries, and trying to meet them is a recipe for frustration. If King stayed private, it could milk its cash cow and build games without having to worry overmuch about hatching a new cultural juggernaut. We expect companies to constantly be in search of the next big thing. But, for one-hit wonders, the smartest strategy might be to just enjoy it while it lasts.

from Felix Salmon:

Satoshi: Why Newsweek isn’t convincing

I had a 2-hour phone conversation with Leah McGrath Goodman yesterday. Goodman wrote the now-notorious Newsweek cover story about Dorian Nakamoto, which purported to out him as the inventor of bitcoin. At this point, it’s pretty obvious that the world is not convinced: in that sense, the story did not do its job.

from Felix Salmon:

The Satoshi Paradox

Newsweek wanted a scoop for its relaunch cover story, and boy did it deliver: it uncovered the identity of Satoshi Nakamoto, the inventor of bitcoin. Who then promptly came out and denied everything. Which means that one of the two is wrong: either Nakamoto is lying through his teeth, or Newsweek has made what is probably the biggest and most embarrassing blunder in its 81-year history.

But before we try to work out what the answer is, it’s important to separate out the various different questions:

from The Human Impact:

Forbes lists record number of women billionaires

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There are more women billionaires now than ever before - 172 of them according to Forbes magazine’s 2014 Billionaire’s List, up from 138 last year.  And a sixth of all newcomers on the list are women.

Famous names include Facebook's chief operating officer Sheryl Sandberg, U.S. TV celebrity Oprah Winfrey, fashion designer Tory Burch, British betting queen Denise Coates and the first female Nigerian billionaire Folorunsho Alakija.

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