SPECIAL REPORT

Chair and Paper OTC Derivatives Coming Under Regulatory Scrutiny
After operating for years in the shadows, over-the-counter derivatives are coming under scrutiny from regulators. While some critics fear fragmented markets will dry up liquidity, others worry about the details of clearing. What's in it for the buy side?

Budget Cuts Threaten to Bleed OTC Swaps Reform Dry
The Dodd-Frank Act's reform of the over-the-counter swaps market may become a casualty of political warfare.

INDUSTRY VOICE

Going Back to Front Office
Buy-side firms must address the new post-Dodd-Frank ecosystem. The first step: Stop focusing on the front office and pay more attention to the back office, suggests Sybase's Irfan Khan.

LARRY TABB'S STREET CRED

Derivatives: OTC or Exchange-Traded -- Good, Bad or Indifferent?
By moving OTC derivatives to exchanges or SEFs, regulators are making it easier to trade these exotic instruments.

FROM THE EDITOR

Embracing Dodd-Frank: Into the Light
Perhaps if more bankers and traders embrace Dodd-Frank, we can enjoy a long, steady recovery.

ONE ON ONE

Q&A with Bart McDonough
The CEO of Agio Technology tells us how to invest our tech dollars if we started our own $100 million hedge fund.

ANATOMY OF A TRADING FLOOR

Exclusive Look at Nomura Securities International's U.S. Trading Floor
Nomura launched a 75,000 square foot U.S. equities trading floor in lower Manhattan last year, built all new connectivity to exchanges trading infrastructure, algorithms and analytics, while hiring strategic teams from other Wall Street competitors.

MARKET INTELLIGENCE

The Secrets of the Quants
How does an algo take flight? What are hedge funds demanding? An expert spills the beans.

A Cold Shower for New Hedge Funds
Five years ago you couldn't walk down Wall Street without tripping over a new hedge fund. But thanks to new rules, traders aren't so quick to leave their cushy bank jobs and fly solo.

IVY SCHMERKEN'S AT THE CLOSE

Merger Mania: Bigger Is Not Always Better
Transnational exchange mergers won’t catch on unless they simplify trading and offer volume discounts to brokers, asset managers and hedge funds.