Markets by Trading view
The International Swaps and Derivatives Association, Inc. (ISDA) has today launched the ISDA 2021 Security-based Swaps (SBS) Protocol Agreement, aimed at helping firms meet certain rules developed by the US Securities and Exchange Commission (SEC), which will come into force later this year.
An equity trader throws client documents into a home office wastepaper basket, making a mental note to deal with its proper disposal later; a front-office salesperson unknowingly discusses confidential information in earshot of a roommate, who happens to work at a competing dealer; a bond trader working remotely leaves their computer unlocked and steps out to run an errand, and another house member quickly uses the computer to access the Internet, unaware that “hotkeys” are enabled, resulting in unintentional buying and selling of various securities; and a financial adviser, frustrated at being unable to dial into a recorded phone line, gives up and calls the client using his personal mobile phone.

Trending

Sign up for our free newsletter and receive the latest banking and fintech stories, straight to your inbox - every week