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Exchanges around the world should discourage market participants from gcreating excessive low-qualityh messages that can clog trading networks, two trade groups representing automated trading firms said this week.

This is the snippet for an IBIS test story.

As news of economic uncertainty, rising food and gas prices, market volatility, unemployment and government budget debates continue to abound, consumers are focused more than ever on reducing their debt and saving more, according to the Consumer Financial Monitor, released by the Corporate Executive Board.

Ladenburg Thalmann Financial Services will acquire Securities America, the embattled, independent broker-dealer subsidiary of Ameriprise, for an initial payment of $150 million in cash, according to a company statement released Wednesday morning.

Socialware, the Austin, Texas-based firm that helps mutual fund, brokerage and other financial services firms track their social media communications and stay in compliance with company and industry regulations, has secured another $7 million in funding.

The debt ceiling debate, the nation’s credit rating downgrade, market declines and unemployment are taking a serious toll on investors, causing the Country Financial Security Index to fall 1.3 points in August to 62.4, a record low.

Middle-income Baby Boomers, those earning between $30,000 and $74,000 are vastly underserved in terms of preparing for retirement, according to a new report from the Insured Retirement Institute, “Middle-Income Boomers and Retirement: Tapping the Significant and Underserved Middle-Income Market.”

Cantor Fitzgerald is in the process of launching an ETF Arbitrage business that will provide customers with two-sided ETF markets, encompassing full-service execution, research and market color.

Recent economic chaos has delayed banks' near-term merger plans but gives weaker institutions even more reasons to sell the franchise in the long run.

The list of objections to the risk retention proposal appears endless. While most of the attention so far has focused on an exemption to the plan for "qualified residential mortgages," bankers' fears about the proposal go far beyond that.