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Remembering Barings

Mar 11, 2008 @ 08:28 PM By Kerry Massaro,

I clearly remember reading about Nick Leeson and the fall of Barings Bank in 1995. I was just a few years out of college in a foot-in-the-door position that wasn't all that exciting. To counter my boredom, I started reading my boss' Wall Street Journal before he got in. The news was interesting, but not thrilling - until I got to the Leeson scandal.

BATS: No More Dave E-Mails?

Jul 24, 2007 @ 02:24 PM By Kerry Massaro,

The question the industry has been clamoring about has been answered. "Will there be any more e-mails from Dave Cummings to BATS subscribers?"

Massaro on CNBC's Squawk Box

Mar 8, 2007 @ 01:16 PM By Kerry Massaro,

I had the pleasure of being interviewed on CNBC's Squawk Box this morning. Co-Anchor Carl Quintanilla asked me to tell him all about dark pools, Reg NMS, NYSE competition and market consolidation all in a matter of five minutes. It wasn't easy, but I gave it my best shot. Click Here.

NASD/NYSE Regulatory Consolidation Approved

Jan 22, 2007 @ 04:30 PM By Kerry Massaro,

As expected the NASD members approved the regulatory consolidation of the NASD and NYSE. The vote took place on Friday. I'm sure the industry across the board is celebrating the decision as this move is expected to reduce the regulatory and financial burden of all member firms.

NYSE Asks SEC for NMS Delay

Jan 11, 2007 @ 11:19 PM By Kerry Massaro,

Looks like Reg NMS Could be postponed again. Last week the New York Stock Exchange sent a letter to be sent to the Securities and Exchange Commission to ask for a one-month postponement of the new trading rule. The thinking is that the SEC likely will agree to a delay because if the new rule is set in motion and the largest market center is not ready, there might be a market disruption. This would be the second delay for the much-anticipated rule, as it was originally supposed to go into effect last June.

FX Concepts (New York)
Phil Simotas
President and Director of Investment Management

Algorithmic trading is one area. And, obviously, because currencies are our focus, we're always trying to improve our techniques and our models in all areas -- whether it's in emerging currencies, options, developed currency portfolio formation, any of that. But the areas ... More >>