$6.3 Million Loss Raises New Issue About Access

September 2009
Securities Industry News;9/7/2009, Vol. 21 Issue 19, p1
Trade Publication
The article discusses about the 6.3 million dollars loss that Southwest Securities (SWS) takes after it acted as a qualified special representative (QSR) to a clearing correspondent customer. QSRs started during the advent of electronic communication networks (ECNs) in the 1990s. Also discussed is how SWS guarantees the broker to trade directly over Nasdaq and puts its capital on risk when the trading activity goes awry.


Related Articles

  • Risk Revealed in Post-Trade Monitoring. Hintze, John // Securities Industry News;9/7/2009, Vol. 21 Issue 19, p4 

    The article discusses how the qualified special representative (QSR) arrangements pose risk to clearing brokers which caused Southwest Securities (SWS) to lose 6.2 million dollars. Ken Hanks, chief finance officer (CFO) of SWS, notes that SWS received alerts from Nasdaq but the firm's staff was...

  • Revenue growth -- the new name of the game. Pickles, Mike // Wireless Asia;May2002, Vol. 5 Issue 4, p30 

    Focuses on the revenue growth of the digital networks in Asia. Implications on the increased functionality of the 3G mobile phones; Effect of the removal of the handset subsidies on carriers; Relation between the handset subsidies and subscriber growth.

  • 'Wide-reach' DWDM system lowers network costs. Lin, Sharlene // Lightwave;Apr2002, Vol. 19 Issue 4, p75 

    Focuses on the wide-reach dynamic wave division multiplexing (DWDM) system which is significant in lowering computer network costs. Description on how a wide-reach system leverages both discrete and distributed Raman amplification; Architecture of the system; Information on how free spectrum...

  • News Bits.  // Network World;9/1/2003, Vol. 20 Issue 35, p4 

    Presents news about computer networks in the United States as of September 1, 2003. Filing of a lawsuit against the U.S. Federal Communications Commission regarding the implementation of competition rules; Coral protection measure in Florida against underwater fiber cables; IBM's recall of...

  • The Good The Bad The Ugly.  // Network World;9/1/2003, Vol. 20 Issue 35, p4 

    Presents news on computer networks in the United States as of September 1, 2003. Detection of fiber optic cables in sponges; Redesign of the cover of the phone books distributed by telecommunication company Sprint; Termination of web site sponsored by lighter maker Zippo.

  • DO IT YOURSELF: INSTALL A HOME NETWORK. Dodge, John // eWeek;06/26/2000, Vol. 17 Issue 26, p3 

    Describes the author's experience of installing a home network system. Internet access as the main reason for setting up a home network; System requirements; Networking options; Installation costs.

  • EDITOR'S NOTE.  // Network World;12/27/2004, Vol. 21 Issue 52, p5 

    Presents an introduction to the December 2004 issue of periodical "Network World."

  • You don't need X-ray vision. Gaynor, W.M. // Communications News;Nov99, Vol. 36 Issue 11, p66 

    Discusses the application of the digital access cross-connect systems/mux with integrated router for voice and data network of remote radiology and diagnostic imaging offices. Enterprise network implementation at Nassau Radiology in Nassau, Long Island, New York; Solution needed to facilitate...

  • Ask Dr. Internet.  // Network World;11/11/2002, Vol. 19 Issue 45, p49 

    Provides an answer to a question concerning a virtual private network connection error. Refusal of the intermediate device to handle the packets; Verification of the second location map.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics