Hints and tips:
...T+1 has been much discussed among traders and technology people, but has not yet apparently received much attention from the top executives in most asset owners and asset managers, argues Jim McCaughan,...
...Jim McCaughan, the CEO of Principal Global Investors, points out that large and successful technology companies are the biggest stocks in only two markets — the US and China....
...As Mr McCaughan points out, Virtu’s float is likely to be small and could not accommodate large institutional investors....
...Mary Jo White, who chairs the SEC, this month unveiled proposals to shore up market confidence. She said she was concerned about the lack of transparency in dark pools....
...But you have to give credit to Mary Schapiro for a speech on Tuesday from which it’s quite clear that she “gets it”....
...Yet, as Mary Schapiro, SEC chairman, says: “This transformation of market structure has raised serious questions and concerns.”...
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