An ‘alert reader’ sent us this link to a photo of JPMorgan’s London trading floor, which last week suffered from a plumbing problem–presumably from the floor above. We recommend anyone interested in operational risk click to see the photo and then envision your own trading desk or client files. We suspect JPMorgan may appreciate theContinue reading “Operational Risk: A Photo Really Does Speak 1,000 Words”
Tag Archives: trading
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”
Stone House Consulting, LLC 