As traders look for the fastest way to trade, one connectivity provider may have an answer: Sending data and trade orders via microwaves. So, what happens when it rains?
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.
Buy side firms need sophisticated tools to navigate the market structure as well as analytics and connectivity to alternative trading systems, but cost pressures are an obstacle to upgrading their OMS-EMS platforms, according to Greenwich Associates' study.
Buy side firms need sophisticated tools to navigate the market structure as well as analytics and connectivity to alternative trading systems, but cost pressures are an obstacle to upgrading their OMS-EMS platforms, according to Greenwich Associates' study.
traders on broker coverage, revealed that buy side firms are not completely satisfied with sales traders and that brokers may be wasting resources on analytics and other services.
BlackRock’s deal for BGI will create the world’s largest money manager. But integrating BGI’s automated electronic trading and transaction cost analysis technology with BlackRock’s Aladdin system will require a world-class effort.
Job Cuts, Regulation Push Bankers Toward Hedge FundsNovember 14, 2012The hedge fund industry is
expected to see a wave of new launches in the next year by
traders who have lost their jobs at investment banks or who have
left in search of better pay.
Facebook Stock Soars As Share Lockup EndsNovember 14, 2012Shares of Facebook Inc jumped as much as 11.2 percent on Wednesday, even as the biggest block of shares held by insiders became eligible for sale for the first time since the social media company's disappointing debut in May.
Ivy Asset Mgmt Settles With NY for $210 Mln Over MadoffNovember 13, 2012Ivy Asset Management agreed to pay $210 million to settle lawsuits over advising clients to invest with Ponzi schemer Bernard Madoff,
the New York State Attorney General said on Tuesday.
Global Fund Industry Rebounds, Total Assets Now $120 TrlnNovember 13, 2012The fund management industry has
rebounded from the global financial crisis and conventional
assets under management are now 13 percent above pre-crisis
levels, a report said on Tuesday.
CME Lawsuit opens New Front Against Finance WatchdogsNovember 09, 2012A lawsuit by U.S.
exchange operator CME Group added to a groundswell of
legal challenges facing regulators rewriting global financial
rules, potentially opening up a new front in the fight over the
reforms.
SEC Left Computers Vulnerable to Cyber AttacksNovember 09, 2012Staffers at the U.S.
Securities and Exchange Commission failed to encrypt some of
their computers containing highly sensitive information from
stock exchanges, leaving the data vulnerable to cyber attacks,
according to people familiar with the matter.
FX Trading on Thomson Reuters Platform Falls in OctoberNovember 08, 2012Daily spot foreign exchange
trading volumes on Thomson Reuters dealing platforms
fell by 23 percent in October from a year earlier, company data
showed on Thursday.
FINRA Expels Hudson Valley Capital, CEO in Day-Trading FraudNovember 08, 2012Wall Street's industry funded regulator
has expelled Hudson Valley Capital management and its chief
executive officer from the securities industry for defrauding
its clearing firm and customers to cover losses from his day
trading.
Election over, Obama, Boehner Set to Renew Fiscal BattleNovember 07, 2012The top Republican in the U.S.
House of Representatives was set to issue a new challenge on
Wednesday to a re-elected President Barack Obama to work
together to avert the looming "fiscal cliff" that threatens to
push the U.S. economy into a recession.
U.S. Markets Want Clear Winner From Presidential VoteNovember 06, 2012Traders and investors seem to
agree on one thing about Tuesday's U.S. presidential election:
The markets want a clear winner by Wednesday morning.
Bond-Heavy Overseas Funds Want Obama WinNovember 05, 2012Overseas investors, many of whom
are creditors to the highly-indebted U.S. government, reckon a
re-election of President Barack Obama would be best for world
markets even if U.S. counterparts say otherwise.
Morgan Stanley Makes Kelleher Sole Institutional Banking HeadNovember 05, 2012Morgan Stanley is revamping its
institutional securities business, announcing Monday that Paul
Taubman will retire as co-head of the trading and banking unit
while co-head Colm Kelleher will remain as president.
Hedge Fund Masters Flunk Money-Making TestNovember 02, 2012Generating strong returns is
getting so tough for hedge fund managers, supposedly the
high-earning masters of any market, that some are shutting up
shop and more look poised to follow.
Wall St Ends Storm-Shortened Week With SelloffNovember 02, 2012U.S. stocks ended an unusual
storm-shortened trading week with a selloff on Friday, as major
indexes erased early gains sparked by a stronger-than-expected
payrolls report.
Stocks Climb as Improved Oct Hiring Boosts Economy HopesNovember 02, 2012The S&P 500 climbed in early
trading Friday as U.S. employers stepped up hiring in October
and the jobless rate ticked higher as more workers restarted job
hunts, a hopeful sign for a lackluster economy.
Thomson Reuters Operating Profit Weighed Down By Weak TradingNovember 02, 2012Thomson Reuters Corp
reported on Friday a 15 percent fall in operating profit because
of declining revenue and higher costs at its division that
serves the financial industry.
Wall St Rallies After Labor Market DataNovember 01, 2012U.S. stocks rallied in morning
trading on Thursday after a pair of positive signs about the
labor market pointed to improving conditions a day before the
U.S. nonfarm payroll report.
Money Manager Invesco's Quarterly Profit ClimbsNovember 01, 2012Money manager Invesco Ltd said its
third-quarter profit rose 2 percent as customers added almost
$12 billion to the firm's funds.
JPMorgan Sues London Whale's Former BossOctober 31, 2012JPMorgan Chase & Co has filed
suit against the former boss of Bruno Iksil, the trader known as
the London Whale for the outsized derivatives positions he took
that cost the bank $6.2 billion this year, according to a
published report.
Barclays Hit by Fresh U.S. InvestigationsOctober 31, 2012Barclays, already rocked
by an interest rate rigging scandal, unveiled new U.S.
regulatory investigations into the bank's financial probity on
Wednesday and said its profit was hit by charges for mis-selling
insurance.
Exchanges Plan to Resume Trading WednesdayOctober 30, 2012As New York struggles to recover from a historic storm, the nation's stock exchanges plan to reopen on Wednesday.
