Buy-side clients need to understand that when they trade on a broker-sponsored platform, they are paying for these systems, whether that payment comes in the form of commissions, licenses, or widened spread. Therefore, the most important thing the buy side should do is to think like a customer.
With profits down due to lower volumes and declining volatility in U.S. stocks, high-frequency traders face growing pressure to find new markets and innovate when speed is not enough.
The complete renovation of the New York Stock Exchange’s trading floor is under way as the market aims to reposition itself and offer traders space and tools to access all markets.
Buy-side clients need to understand that when they trade on a broker-sponsored platform, they are paying for these systems, whether that payment comes in the form of commissions, licenses, or widened spread. Therefore, the most important thing the buy side should do is to think like a customer.
Buy-side clients need to understand that when they trade on a broker-sponsored platform, they are paying for these systems, whether that payment comes in the form of commissions, licenses, or widened spread. Therefore, the most important thing the buy side should do is to think like a customer.
Buy-side clients need to understand that when they trade on a broker-sponsored platform, they are paying for these systems, whether that payment comes in the form of commissions, licenses, or widened spread. Therefore, the most important thing the buy side should do is to think like a customer.
The number of shares traded via high-frequency trading are down and politicians want to roll out a tax to serve as a speed bump. Some are wondering if microsecond dealings are poised to fade away.
Buy-side clients need to understand that when they trade on a broker-sponsored platform, they are paying for these systems, whether that payment comes in the form of commissions, licenses, or widened spread. Therefore, the most important thing the buy side should do is to think like a customer.
CME's Volume 'Disaster' Due to Macro Woes: ExecOctober 25, 2012The decline in trading on CME
Group Inc's futures exchanges this year is more the
result of a sluggish economy and uncertainty over tax policy
rather than regulatory changes affecting the futures industry,
CME's executive chairman said on Thursday.
UBS Set to Cut 400 Investment Banking JobsOctober 24, 2012UBS is about to
cut 400 investment banking jobs, two sources familiar with the
situation said on Wednesday, with more extensive lay-offs at the
Swiss bank likely to follow as it withdraws from the riskier and
more capital-intensive parts of its business.
Weak Trading Volumes Sink Nasdaq's Net IncomeOctober 24, 2012Nasdaq OMX Group's third-quarter
profit fell 18 percent, due in part to a drop in trading volumes
in U.S. and Nordic equities, the exchange operator said on
Wednesday.
Employee Gadgets Make Investment Bank Layoffs More ComplexOctober 23, 2012In the high-tech, gadget-addicted
world of investment banking, layoffs are becoming more complex
and brutal as firms try to stop sensitive data leaving with
employees.
EU Commission Backs Transaction Tax PlanOctober 23, 2012The European Commission threw
its support on Tuesday behind a plan by 10 euro zone to use a
single rule to tax transactions by financial institutions as a
way of contributing to the cost of the sovereign debt crisis.
The Rich Bail Out of Changing Hedge Fund IndustryOctober 22, 2012Rich private investors are
turning their backs on hedge funds because moves to attract more
conservative pension fund clients mean managers no longer
deliver the big returns they crave.
Goldman Gives Its Version of Angry Employee's DepartureOctober 19, 2012Just days before publication of
a book promising to expose a rampant culture of greed a t Goldman
Sachs Group Inc, the Wall Street company is writing its
own story about the book's author.
Investigators Launch New round of MF Global Exec GrillingOctober 18, 2012U.S. authorities
investigating the collapse of MF Global have called
in former executives of the failed commodities brokerage in
recent weeks for additional interviews, people familiar with the
inquiry said, as regulators work towards filing civil charges.
Morgan Stanley Trading Clients Returned During 3rd QuarterOctober 18, 2012Morgan Stanley's trading business
improved more from increased client activity than asset value
gains in the third quarter as clients returned after the fallout
from the bank's bond-rating downgrade last summer, Chief
Financial Officer Ruth Porat said on T
BlackRock Profit Climbs on ETF GainsOctober 17, 2012BlackRock Inc, the world's
largest money manager, said third-quarter profit rose 8 percent
as investors poured cash into its iShares line of
exchange-traded funds.
Knight Capital Posts $389.9 Mln Loss on Trading GlitchOctober 17, 2012Knight Capital Group reported a
third-quarter net loss due to a glitch on Aug. 1 that forced the
electronic trader to take on additional investors to avoid
bankruptcy.
Goldman Revenue Jumps on Investment GainsOctober 16, 2012Goldman Sachs Group Inc reported a
third-quarter profit, reversing a year-earlier loss, as revenue
more than doubled due to gains in stocks and bonds the
investment bank holds as investments.
Citigroup CEO Vikram Pandit ResignsOctober 16, 2012Citigroup Inc Chief Executive
Vikram Pandit has resigned, effective immediately, a shock
change at the top of the bank just one day after surprisingly
strong quarterly results.
Citigroup Profit Drops As It Writes Down Brokerage UnitOctober 15, 2012Citigroup Inc said quarterly profit
plunged on a $4.7 billion writedown of its stake in a brokerage
operated by Morgan Stanley, but North American mortgage
lending revenue increased and capital markets results rebounded.
NYSE Euronext to Launch European Retail ServiceOctober 15, 2012NYSE Euronext, the
transatlantic exchange group, plans to launch a European trading
platform early next year designed to boost volumes from small
investors by offering them better prices, according to sources
close to the firm.
Genworth to Sell Wealth Management BusinessOctober 12, 2012Genworth Financial Inc
plans to sell two of its businesses, including its wealth
management business, in an effort to raise capital, according to
three sources familiar with the situation.
Fund Firms Wary of Introducing New ETFsOctober 12, 2012Fund companies are growing more
wary of introducing new exchange-traded funds, and more willing
to kill those that have not caught on, as they grapple with a
price war in an overcrowded $1.2 trillion market dominated by
the three largest providers.
JPMorgan Posts Record Profit on Mortgage Lending SurgeOctober 12, 2012JPMorgan Chase & Co posted a record quarterly profit on Friday as falling interest rates and a recovering housing market brought big increases in mortgage lending.
trueEX Signs Clearing Deal with CME ClearingOctober 11, 2012As a designated contract market or DCM, trueEX will offer electronic trading in standardized global interest rate swaps, and clear through CME Clearing.
