Trading and Order Management – Stone House Consulting, LLC

Trade Matching in the Traditional and Alternative Markets

Pressures from investors and regulators are accelerating the pace of convergence in traditional and alternative asset management organizations and improving standards of practice. At present, in the traditional asset management arena, managers’ and brokers’ records are generally compared on a trade-by-trade basis and custodians are authorized by the managers to settle matched transactions. In theContinue reading “Trade Matching in the Traditional and Alternative Markets”

Operational Risk #5: Naïve Reliance on Technology—The Downside of Automation

We’re sorry—the article you are looking for is no longer available on our website. However, it is included in our book, The Top Ten Operational Risks: A Survival Guide for Investment Management Firms and Hedge Funds. Purchase your paperback copy or Kindle version!

Fixes for Algo Trading Glitches Come from Within

Stone House partner Holly Miller discusses improved controls that can help prevent trading algorithm problems like the one that Deutsche Bank experienced on the Osaka Stock Exchange in June, for which the bank’s wrists were slapped this week. See the article in WatersTechnology’s Sell Side Technology magazine.

Critical Recordkeeping: Trade Tickets and Order Memoranda

It is remarkable the number of buy-side firms that have overlooked the importance of maintaining proper trade tickets and order memoranda in a timely fashion. Three weeks ago, the US Securities and Exchange Commission (SEC) charged New York-based Ark Asset Management Co., Inc. with fraudulent trade allocation as well as disclosure and books-and-records violations. ThisContinue reading “Critical Recordkeeping: Trade Tickets and Order Memoranda”