Open letter to Securities and Exchange Commission calls for greater transparency and information access - silence causes uncertainty around the globe
ECM Allianz Deutschland is offering practical support to the Securities and Exchange Commission (SEC) under the motto 'German efficiencyboosting software solutions are world class'. The offer was triggered by the 'flash crash' of May 6, 2010, in which the Dow Jones Index fell by nearly 1000 points shortly before the close of trading. So far, the SEC has been unable to explain what caused the stock market to plunge.
This is no surprise, given that one of the two watchdogs responsible still receives all its exchangerelated data by fax and then enters it into its systems by hand. It remains to be seen how Chairman Schapiro will react to the offer of help.
About ECM Allianz Deutschland GmbH
In October 2009, d.velop AG, EASY SOFTWARE AG, ELO Digital Office GmbH, OPTIMAL SYSTEMS GmbH, SAPERION AG, SER Solutions Deutschland GmbH and windream GmbH came together to form ECM Allianz Deutschland GmbH. The aim is to make companies and organizations in all sectors more aware of the strategic importance of Enterprise Content Management (ECM) software.