03 September 2014

Matt White

Archive for: August, 2009
Matt WhiteFinextra - London

A message from Prince Obi Matumbe Akumbe

28 August 2009  |  4397 views  |  0  |  Recommends 0

E-mail is so 2001. Prince Obi Matumbe Akumbe knows this and has turned to YouTube and Twitter in his bid to find a kind soul willing to help him transfer $50 million out of Nigeria. Anyone prepared to hand over bank account details will be compensated to the tune of $10 million. Unfortunately, we live in a cynical world and some people seem le...

TagsRetail bankingGroupWhatever...
Matt WhiteFinextra - London

In an electronic world, the trading floor still has a place

20 August 2009  |  2136 views  |  2  |  Recommends 0

Over at Seeking Alpha, Ray Pellecchia from Nyse offers a nice little lesson on the dangers of putting all your eggs into the e-trading basket. A couple of days ago, before the market opened, a customer sent thousands of orders in a lightly traded stock by mistake. If the Nyse operated a purely electronic market the orders would have sailed throu...

TagsTrade execution
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Matt WhiteFinextra - London

PayPal falls over but at least it bothered to tell us

04 August 2009  |  2748 views  |  0  |  Recommends 1

PayPal will naturally get some stick for this, and rightly so, but I think you have to give the firm some credit for the way it handled the problem and kept us all informed. During the outage a blo...

TagsOnline banking
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