Three milliseconds doesn’t seem long to most corporate workers. But to high-speed traders, this time can mean the difference between a good and a bad trade. But to save those sensitive milliseconds, it’ll cost you. How much? Thomas Philippon, associate professor of finance at New York University, estimates saving three milliseconds for high-frequency traders costs […]
Stock traders across the nation may soon have a reason to celebrate.
Natural Resources Minister Joe Oliver is the new finance minister.
A Florida court recently approved a US$3 million class action settlement that revolved around a data theft from a health insurer, reports IT World Canada. But one Halifax privacy lawyer says Canadian courts probably wouldn’t consider this case as a precedent because due to the size of the reward. Read more. Also read: Will you […]
About 3,000 American expats are renouncing their citizenship because of complicated tax structures, says CNN Money.
There may be another reason for clients to try finding a mate online — it’s cheaper than traditional methods, according to businessinsider.com. In fact, a new study by ConvergEx Group estimates the average courtship for traditional dating lasts 42 months, compared to 18.5 months for those who meet online. And when you estimate about $130 […]
1970s Swedish pop group ABBA went to extreme lengths to avoid the taxman.
Some U.S. employers, including Facebook and JPMorgan Chase, are reducing their 401K plans. This is making it harder for employees to save for retirement, reports Bloomberg. These companies are scaling back the amount and timing of matching these plans. Some are even lowering the limits for annual payments. Read more. Saving enough for retirement is […]
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Sure, you've heard about the 1%. But what about the 0.1%?