IIROC outlines abusive HFT strategies

James Langton HFT costs global markets US$5 billion annually, FCA research finds Related news These sorts of abuses aren’t exclusively the domain of high-frequency, or algorithmic, traders, but they may be easier to carry out with this sort of technology, on a larger scale, and may pose systemic risks to market integrity, the guidance notes. However, the IIROC guidance also stresses that it is the abusive nature of the practice, not the means to conduct it, that harms market integrity. These kinds of trading practices are prohibited, whether they are conducted manually or electronically, and whether they rely on automated order systems and direct electronic access, or not, the notice points out. In addition to confirming that IIROC considers certain trading strategies to be violations of market integrity rules, the guidance also spells out that, as gatekeepers to the securities market, dealers must develop and implement appropriate policies and procedures to effectively address, detect, prevent and report manipulative and deceptive activity. And, it notes that its trade desk reviews will examine these sorts of policies and procedures to assess their adequacy. In its notice, IIROC reports that industry estimates put HFT activity at between 25% and 40% of trades on Canadian marketplaces. And, it notes that it is currently working on a study of HFT activity in the Canadian market that will provide an impact analysis of the effects of HFT on market quality and integrity. It also says that it is enhancing its monitoring capabilities through automated regulatory alerts “to detect highly-automated manipulative activity that may otherwise be challenging to identify”. IIROC adds that its HFT study may also generate further insights into novel forms of manipulative and deceptive activity requiring additional alerts. Comments on the proposed guidance is due by October 15. Getting ghosted by the markets The Investment Industry Regulatory Organization of Canada (IIROC) Tuesday published new draft guidance, confirming that it considers certain high-frequency trading (HFT) strategies to be manipulative or deceptive, and against the trading rules. IIROC has released draft guidance that stress that the self-regulatory organization (SRO) considers tactics such as layering, quote stuffing, quote manipulation, spoofing, and “abusive liquidity detection”, to be market manipulation under the trading rules. Share this article and your comments with peers on social media U.S. derivatives regulator allows ICE speed bump Keywords High frequency trading Facebook LinkedIn Twitter read more

Apple developers opting-out of privacy features

first_imgHome Apple developers opting-out of privacy features Previous ArticleGoogle enhances Pay architectureNext ArticleJapanese operators focusing on partnerships for 5G AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 06 JUN 2019 Steve Costello Apple targets Chinese apps over iOS privacy loophole Español Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Relatedcenter_img Author Developers have shunned features provided in iOS to ensure data privacy, research by mobile security company Wandera showed.A study of 30,000 iOS apps commonly used by employees found more than two-thirds do not use Apple’s App Transport Security (ATS), which ensures apps and their extensions connect to web services using secure connection protocols.While ATS is enabled by default and Apple’s app review guidelines state developers must justify disabling it, Wandera said its research showed this process is not onerous.It noted developers may have good reasons for disabling ATS, for example enabling connection to third-party advertising, market research, analytics and file hosting: advertising networks MoPub and Google AdMob recommend disabling ATS to ensure ads load correctly.But developers do have the option to set ATS exceptions for specific functions within an app, meaning it is not a straight off/on choice, though this is not a common approach.With ad networks being one of the reasons for disabling ATS, Wandera noted it is unsurprising its use is significantly higher in paid-for apps: it is enabled in 45.9 per cent of cases, rather than 26.2 per cent for free titles.Finance is the leading category in terms of ATS compatibility, but Wandera noted that even among the leading apps in the segment, only a third enable it for global use and many still have exception domains.CausesWandera suggested developers may be disabling ATS because “they don’t actually understand how it works due to its complexity”. Another possibility is they are “taking the easy way out” by submitting all domains needed by apps as exceptions to avoid possible disruption to users.It also noted web service companies can become part of the solution. “They can’t keep supporting unencrypted content when OS vendors like Apple are trying to move toward total encryption”, it said. Subscribe to our daily newsletter Back Las asociaciones del sector respaldan el acuerdo sobre privacidad de la Unión Europea Tags Facebook to pay $650M in privacy settlement iOSPrivacyWanderalast_img read more

Creating the perfect space

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr First United Credit Union’s remodel focuses on brand, creating an open, relaxing atmosphere.by. Stephanie Schwenn SebringFor $30-million/5,000-member First United Credit Union, Grandville, Mich., a fresh brand and perspective was essential in a recent and aggressive remodel. “We created a free flowing environment where the member enters through a welcoming and airy waiting area, adjacent to [member service representatives] and loan offices,” says CEO Mark Richter. “We intentionally planned for members to walk past the loan offices, our profit centers, rather than heading straight to the teller area.”Taking its existing facility, the CU used light and space to create a relaxing environment conducive to conversation. A mixture of 8- and 10-foot ceilings provide spaciousness, while attractive “clouds” or patterned drop ceilings offer an artistic effect which keep noise levels down. While visually appealing, the space is also easy to navigate.The teller counter was revamped to avoid the traditional straight-line look for a more inviting feel. By combining light and space, what was once a darker, somewhat drab workspace was transformed into a beautifully-designed, efficient work area members look forward to visiting.Richter believes that the branch should be a reflection of member needs. “It gives them a chance to relax and get to know us. It’s our opportunity to build the relationship.” continue reading »last_img read more

Connect2Law chief vows to create ‘leading’ UK brand

first_imgLegal referral and support network Connect2Law has announced the heavyweight appointment of David Jabbari to the new role of chief executive. Jabbari (pictured) will join the executive board and become a partner at Pannone, which established Connect2Law in 2001. Jabbari was until recently chief operating officer at Clyde & Co, after brokering the merger with Barlow Lyde & Gilbert, of which he was chief executive. He was previously global head of knowledge management at magic circle firm Allen & Overy. Connect2Law has 2,600 UK member firms with combined turnover of £1bn. The network is co-ordinated by 20 leading regional ‘hub’ firms which have Connect2Law business development managers. The entity also has 17 dedicated staff split between London and Manchester. Jabbari wants to establish the network as ‘the UK’s leading legal brand, across every postcode’ and ‘defend the value of independent high street firms’ in the competitive market ushered in by the 2007 Legal Services Act. Connect2Law, which is free to join, offers member firms a range of support services, including information services, on-demand training, professional indemnity insurance and cost control. Jabbari plans to strengthen this offering to provide members with a full practice management suite to improve back-office processes. He also intends to turn Connect2Law into a consumer-facing brand which brings new work to members. At present, Connect2Law offsets costs through the ‘pooled buying’ services it provides to members. Options on financing its development will be presented to members as it expands. Connect2Law would consider becoming an alternative business structure only ‘if member firms saw benefit in that’, Jabbari said. ‘While we will consider whether external funding is the best route to advance member firms’ interests, we will not pursue a course that commits us to short-term and cosmetic returns to private equity,’ he added. ‘Connect2Law’s member firms have an excellent reputation in their local areas. They are committed and expert professionals who know the law inside out. ‘This is why I believe Connect2Law has the potential to become the UK’s leading legal brand. ‘As part of Connect2Law, firms will gain both a supportive brand identity and greater efficiency in their internal processes,’ he said. Jabbari declined to identify the main potential rivals in his sights, and whether Connect2Law will be going head to head with the likes of Co-operative Legal Services or QualitySolicitors. He added: ‘We do not see anyone in the market at the moment as an obvious competitor to Connect2Law given the geographical reach and quality of the firms who are Connect2Law members. We exist to promote the value of an independent solicitors’ profession covering every postcode in the UK.’last_img read more

Rashford’s Late Winner Keep United’s Hope Alive

first_imgMarcus Rashford’s late strike ended Bournemouth’s unbeaten home record in the Premier League as Manchester United came from behind to record a second consecutive victory that will come as a great relief to their manager. José Mourinho had speculated before the match that United could still force their way into top-four contention this season if they were to string together a run of positive results between now and Christmas.Yet, even if United relied on luck at times against a free-flowing Bournemouth side that had taken an early lead through Callum Wilson, Anthony Martial’s fifth goal in as many games and Rashford’s intervention off the bench were enough to secure the points.In the absence of Romelu Lukaku, who picked up an injury in training on Friday, Mourinho handed Alexis Sánchez his first Premier League start since their draw six weeks ago against Wolves and left Rashford on the bench in the week the England striker celebrated his 21st birthday. Yet if Mourinho was hoping that making only one change from the side that got a win at Everton last week would result in a quick start he was to be gravely disappointed.The lapse of concentration from Chris Smalling that allowed Ryan Fraser through on goal in the fourth minute, only for the Scotland international to fluff his lines after a poor second touch, was the precursor of things to come in a calamitous opening spell for the visitors that saw them deservedly fall a goal behind.Within a minute Bournemouth carved open United’s defence three times before finally making the breakthrough when Wilson tapped home a cross from Junior Stanislas after a brilliant reverse pass from Lewis Cook. The former Coventry striker, who now has 50 goals for Bournemouth since joining them in 2014, and was a constant threat throughout the first half, combining well with David Brooks and the impressive Stanislas, who was making his first league start of the season after injury.By contrast, United looked lifeless in attack until midway through the half when Sánchez started to make his presence felt. It was the Chilean’s persistence that gave an opportunity for the equaliser as he won the ball in the centre circle before linking up with Ashley Young on the right to lay the ball on a plate for Martial. An impressive leap to beat Nathan Aké to a header almost resulted in United going in ahead at the break, only for Juan Mata to screw his shot wide of the goal.But Bournemouth, who had accumulated 11 points from their five previous home matches this season, refused to lie down and would have retaken the lead if not for two important saves from David de Gea.At the other end, Luke Shaw tested Asmir Begovic but Mourinho had clearly seen enough and threw on Rashford and Ander Herrera in place of Mata and the unproductive Fred. The change seemed to have the desired effect as the Red Devils started to dominate possession, with Sánchez drawing a good save from Begovic before Herrera slammed a shot just wide of the post.But a miraculous goal-line block by the outstanding Aké from Rashford’s shot after Young’s free-kick hit the woodwork made it look it might not be United’s day. Paul Pogba had also failed to convert the rebound, with Brooks clearing off the line for a second occasion, and when Herrera curled another effort wide of the target it seemed their chance of victory may have vanished.An inventive flowing move started and finished by Brooks could have made it even worse for United but once more De Gea was able to lay bare the effort. It was to prove crucial as Rashford pounced on a rare mistake from Aké to slam home the winner. Relatedlast_img read more

Public help sought to find autistic child

first_img Valenzuela is a sixth grade student at Rancho Vista School in Palmdale, Westside Union School District Superintendent Regina Rossall said. The district sent a mass recorded message to homes of all students district-wide requesting assistance locating the boy, Rossall said. Fliers with pictures of Valenzuela were given to all district students to take home, Rossall said. Rossall said district officials interviewed classmates seeking information about Valenzuela’s whereabouts. Rossall said she spent most of Friday morning with Valenzuela’s mother distributing fliers. “(The mother’s) doing remarkably well, but she’s certainly very worried and concerned about her son,” Rossall said. Anyone with information about Valenzuela’s whereabouts is asked to call Lancaster sheriff’s station (661) 948-8466. QUARTZ HILL – Sheriff’s deputies are seeking public assistance in the search for an autistic child with diminished mental capacity, authorities said Friday. Jason Valenzuela is 13-year-old Hispanic boy who authorities say has the mental capacity of an 8-year-old. Valenzuela is 4-foot-11 and weighs 85 pounds. He was last seen at approximately 3 p.m. Thursday riding a red BMX-style bicycle near 47th Street West and Avenue L-8 in Quartz Hill, authorities said. He was wearing a light blue t-shirt and brown shorts, and was carrying a clear plastic “air soft” style rifle. Sheriff’s deputies established an outdoor command post Friday at intersection where Valenzuela was last seen.last_img read more

Home Instead Donegal to host Recruitment Fair in Falcarragh

first_imgHome Instead Senior Care are holding a Recruitment Fair in Falcarragh at Ionad Naomh Fionnan on Station Road on Monday, February 4th. The care service are looking for caring, compassionate individuals to join their team.The company recently celebrated the launch of its new premises in Letterkenny in December with the Majella O’Donnell doing the honours. If you are interested or have a passion for working with older people then Home Instead are encouraging you to come along and chat about work of a CAREGiver and opportunities about joining the team.Their job desk open from 10.30am to 2.00pm.Tea & Coffee will also be provided.For more information on the Recruitment Fair , call Nicola on 074 91 13050 or email [email protected] Caregiving is simply doing things to enhance the quality of life for older and disabled people and to help keep them independent.Home Instead Senior Care are actively recruiting throughout DonegalWhat’s required:Own transport necessary.What’s provided:Free in-house trainingFlexible hours so you’ll have a schedule that fits your lifeWe believe in caring for our employees as much as we do caring for our clients. Company Benefits:24-hour support 7 days per week.Recognition for outstanding work.Staff events to socialise with peers.Rewarding career and personal development opportunities.Client compatibility.Responsive support staff.Paid annual leave.Training Courses with Home Instead Senior Care; 2 QQI (FETAC) Level 5 Courses:Care SkillsCare of the Older Person.Course locations: January: Donegal TownFebruary: CarndonaghMarch: FalcarraghApril: MilfordMay: DungloeJune: Lifford/StrabaneWhether planning to work in hospitals, in the community or in residential care learners will find these modules stimulating and functional with knowledge which can easily be applied to the workplace within the Healthcare sector. Please contact [email protected] for more info and to book your place.Home Instead Donegal to host Recruitment Fair in Falcarragh was last modified: February 3rd, 2019 by Shaun KeenanShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:FalcarraghRecruitment Fairlast_img read more

Best of Instagram

first_imgShare This!This Best of Instagram shows off some truly beautiful scenery within both Disneyland and Walt Disney World resort.If you’re new to this weekly series, I post highlights from our Instagram page, along with a top comment featuring YOU, our subscriber.Enjoy!July 23, 2018(I’m putting the “Top Comment(s) of the Week” here because all of these captions are absolute gold!)July 25, 2018 July 26, 2018July 27, 2018 Should this article inspire you to give our Instagram page a follow, I’ll leave the link right here: http://www.instagram.com/touringplanslast_img read more

Top Five Reasons Your Business Needs a NAS Device

first_imgWhether you’re managing a retail store, a dental practice, an accounting firm, or a boutique bakery, your business runs on data. At minimum, you must keep track of sensitive employee and payroll records, making sure they’re accessible when you need them—and private when you don’t. You may also have years’ worth of sales transactions, patient information subject to HIPAA regulations or valuable intellectual property that you couldn’t do your work without.However, as much as we rely on data, too many businesses overlook how important it is to keep it safe, available, and secure. One common practice is to keep data on a PC or external hard drive, but if the device fails, you’ll spend thousands to recover your data—if you’re lucky enough to recover it at all. Other businesses use the cloud for data storage, but depending on how much capacity you need, this can quickly become expensive.A network-attached storage (NAS) device gives businesses a simple solution for backing up and protecting their data. Think of NAS as a sweet spot between a hard drive and a server. While servers can do more, they’re costlier and more complicated to set up and manage. They also require more effort to manage potential security vulnerabilities.Because NAS devices have a defined purpose with software and applications designed for simplicity, they are easier to set up and use. The installation process offers step-by-step guidance with customer support available for extra help. That means you won’t have to call your IT specialist.If you’ve never before considered NAS, here are the top five reasons your business should have one.It keeps what’s private privateIf you’re dealing with financial transactions, employee Social Security numbers, patient data, or other sensitive information, you need to keep it protected. Unfortunately, nearly 90% of small- and medium-sized businesses in the U.S. don’t use data protection for company and customer information.1 This is bad news. According to a recent survey from the Ponemon Institute, 54% of small- and medium-sized businesses have experienced a data breach involving customer or employee information in the previous 12 months.2NAS can help you safeguard data and avoid the high costs of a breach. When you use a NAS device, your data stays in your office. This is especially helpful when the cloud is not an option due to business restrictions or other concerns. In this way, a NAS device can help you comply with industry regulations for data privacy, like the European Union’s General Data Protection Regulation (GDPR).In addition, a NAS device with Intel® QuickAssist Technology (Intel® QAT) gives you a simple way to quickly encrypt and decrypt data.Your data is always there for youEvery business has certain types of information it needs immediate access to, no matter what. Think calendars for appointment scheduling, patient medical records or inventory pricing.If this data is stored in the cloud and you lose your internet connection, your business could come screeching to a halt. Similarly, waiting for large files to download from the cloud can consume valuable employee time. With a NAS device, your data is on-site and ready to be accessed whenever you need it.Everything is backed up—seamlesslyYour data is priceless. Enjoy the peace of mind knowing that you can quickly recover all the data saved from your PCs, mobile devices and other systems in the event of a failure. You can set up NAS devices to automatically sync with and upload data so that it’s backed up regularly—without you or your employees having to think about it.You can support video surveillanceVideo surveillance systems can help keep your business safe, but they demand an incredible amount of computing performance and storage capacity. Select NAS devices give you robust performance and connectivity for video surveillance and transcoding. This means you can quickly and securely access your camera views from any device, any time. Look for NAS solutions with support for video surveillance if this is important for your business.You’ll save money over the long runToday’s businesses have a growing number of PCs, mobile devices, cameras, point-of-sale devices, and other systems. As your data needs grow, so do your costs for cloud storage. Sending everything to the cloud can get expensive, especially considering the extra demand on your internet bandwidth. Using a NAS device to store critical, sensitive, or large files will help reduce some of the cost.NAS devices are designed to balance performance, power and cost, giving you an optimized solution that fits both your CapEx and OpEx budgets, while working in tandem with the cloud storage you already use. Given that you could pay hundreds or thousands each year for cloud storage costs, a NAS device can quickly pay for itself.Find the right NAS solution for your businessEventually, most businesses will have a problem with data, whether it’s loss or a security breach. By being proactive about secure data storage, you can protect yourself before data becomes a problem. One of the most important assets for a business is its data—so ensuring that it’s available, protected and backed up is critical to your success.As you research NAS devices, look for solutions that use Intel processors, which give you fast file transfer speeds, exceptional performance, amazing graphics and robust encryption to help keep your data secure. We recommend solutions from Synology, QNAP, ASUSTOR, NETGEAR, and QSAN.1. “Cybercrime and hacking are even bigger worries for small business owners,” The Guardian, January 2015, com/business/2015/jan/21/cybersecurity-small-business-thwarting-hackers-obama-cameron.2. “2017 State of Cybersecurity in Small & Medium-Sized Businesses (SMB),” Ponemon Institute, September 2017, ma/IMG/pdf/2017_state_of_cybersecurity_in_small_medium-sized_businesses.pdf.last_img read more

World Boxing Championships: Suranjoy and Akhil storm into Round 2

first_imgM Suranjoy Singh and Akhil Kumar continued India’s winning run at the World Boxing Championships in Baku, Azerbaijan, as they won their respectively bouts convincingly on Tuesday.Commonwealth champion Suranjoy (52kg) gave India its first victory of the day, beating his Hungarian opponent Dobradi Zsolt 24-8 in the morning session.Akhil brought more good news in the evening session, pounding Filip Barak of Slovakia 16-8 in another lopsided bout.With his victory over Zsolt, Suranjoy has set up a clash with ninth-seeded Mongolian Nyambayar Tugstsogt, a silver medallist in the previous edition of the event, in the second round on Sunday. Akhil will be up against World No. 4 John Nevin of Ireland in the second round on Monday.Suranjoy, nicknamed ‘Chhota Tyson’, fought an aggressive bout and led from start to finish. The Manipuri started off well and was leading 6-3 after the first round.Once he settled in the ring, Suranjoy took Zsolt by storm and unleashed a flurry of punches to score 11 points in the second round. For some time, his rival was a mere spectator as he could score just one point during this period.Suranjoy entered the third round with a handy 17-4 lead and allowed Zsolt to score four points. However, Suranjoy earned seven points in the final round to complete an easy victory.”Suranjoy applied his mind and countered aggression with left uppercuts and hooks,” national coach Gurbax Singh Sandhu said. “His rival made him run around a lot but Suranjoy’s fitness and guts helped him win. It is a very good win and will actually help him get into rhythm for the upcoming rounds,” Sandhu added.advertisementWhen he locks horns with Tugstsogt on Sunday, revenge will be on Suranjoy’s mind as his campaign was ended by the Mongolian in the opening round of the previous edition of the World Championships.Veteran Akhil (56kg), who is playing his first major tournament after the 2010 Commonwealth Games, cashed in on his vast experience and exhibited his skill and talent for an easy victory against Barak.Akhil, who remained out of action for a major part of the last two years due to several injuries, surged to a 6- 3 lead after the first round.He cashed in on the good start and landed crisp punches to score four points in the second against Barak’s two.Despite a five-point lead, Akhil kept on attacking in the final round, and with six points, stormed into the second round.The 30-year-old Indian, however, will have an uphill task on Monday against Nevin, who is a bronze medallist at the World Championships.Tuesday’s victory has a special significance for Akhil, who had crashed out in the first round of the 2009 World Championships in Milan after sustaining a wrist injury.On Wednesday, Dinesh Kumar (81kg) will be the only Indian in action. The 12th seed Asian Games silver medallist faces a potentially easy fight against Deepak Maharjan of Nepal in the afternoon session.last_img read more