Disaster at Knight: Only One Thing Could Have Gone Wrong

They botched the Software Quality Assurance (QA)…stating the obvious…Res Ipsa Loquitur…(It speaks for itself).  But the $400 million dollar question is HOW they botched the application QA.

This is not the first time in my career I have seen this.  It is the third.

The first time was a UK company in the newly formed UK power […]

By |August 9th, 2012|Technology|0 Comments

POW! ICE Goes to the Future(s)

Last week   ICE announced that it is registering its products as Futures.

ICE has always traded “look alike” swaps that acted and behaved just like futures.  As look-alike contracts, ICE was able to stay out of the Commodity Exchange Act and the CFTC.   Dodd Frank changed all of that.  So ICE seems to have adopted a […]

By |August 8th, 2012|News, Regulatory|0 Comments
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