Things we're reading today include ...
Today's must read
Stock Traders Find Speed Pays, in Milliseconds (New York Times)
"It is the hot new thing on Wall Street, a way for a handful of traders to master the stock market, peek at investors’ orders and, critics say, even subtly manipulate share prices.
It is called high-frequency trading — and it is suddenly one of the most talked-about and mysterious forces in the markets."
Euronext shifts data centre to target high-frequency flow (The Trade)
U.S. SEC, CFTC unveil crackdown on OTC derivatives (Reuters)
Oracle Buys GoldenGate Software (Oracle Press Release)
The Credit Card Reform Backlash
(CBS)
The Online Payment Wars Continue: PayPal Officially Announces Flexible API (Techcrunch)
Warren Buffett to star in business cartoon
(Telegraph)
Enough recession gloom, it's time for a dose of optimism
(Telegraph)
Quote of the Day
“Strips clubs are getting boring now and we can’t really be seen to be doing that sort of thing any more.” Hedge Fund Manager quoted in Bankers turn to butchery for fun (Financial Times)
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
