Tag: company news

What do you do with the drunken trader?

The news that Steven Perkins, (former) oil futures broker in the London office of PVM Oil Futures, has been fined 72,000 pounds ($108,400) by the FSA and banned from working in the industry is no surprise,...

Banks & Bullets: Maybe They Dodged One - But Still Needs Some Silver Ones!

By now you’ve probably seen that a deal was reached this morning by the House and Senate on regulation. Some would say it waters down provisions from the tougher Senate bill, limiting rather than prohibiting banks to trade derivatives and invest in hedge funds. This articles describes it as banks...

Integration and the Responsive Enterprise

Over the last year you’ve heard a lot about Operational Responsiveness from Progress and what it means to and for your business - the ability to:

  • Respond to changing business conditions as they...
Rogue Trading Below the Radar

Jerome Kerviel, the trader who allegedly lost Societe Generale nearly 5.0 million euros, went on trial in Paris on Tuesday, June 8th. The bank alleges that Kerviel took "massive fraudulent directional positions" in 2007 and 2008, which...

HOW MATCH2BLUE MAKES PROGRESS

The challenge match2blue faced… they needed to scale their existing location-aware social networking platform with an event-driven architecture that could support millions of users. They accomplished this by using Progress® Apama®...

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