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.
The market maker has recast one of its three exchanges for the trading of exchange-traded funds. Just in time as it takes on dark pools before the SEC.
In the midst of a bad economy and lower trading volumes, the buy side balances the need to cut costs and consolidate OMS and EMS platforms, while chasing the best integrated solution.
In a world where trading alpha creates a competitive advantage, trading skills and acumen may be king, but trading tools are the great enabler and equalizer.
One of the world’s largest hedge funds Winton Capital announced that its Henri Capital spinout will close after two years of trading due to a lack of clients.
Gain Capital Hires Knight Capital Algo Trading ExecJanuary 17, 2013Online trading firm Gain Capital taps Joseph Wald, who ran Knight Direct, to spearhead its instituitonal business and spearhead growth strategy.
Citigroup Profit Hit by More Than $2 Bln in ChargesJanuary 17, 2013Citigroup Inc posted
$2.32 billion of charges for layoffs and lawsuits in the first
financial report under its new chief executive, Michael Corbat,
who cautioned that the bank needs more time to deal with the
problems it faces.
BlackRock Profit Jumps 24 Pct on Strong Equities DemandJanuary 17, 2013BlackRock Inc, the world's
largest money manager, said on Thursday its fourth-quarter
profit rose 24 percent, bolstered by increased investor
confidence in global stock markets.
Goldman, Morgan Stanley to Pay $557 Mln in Foreclosure Case DealJanuary 16, 2013Goldman Sachs Group Inc
and Morgan Stanley will pay $557 million in cash
and other assistance to troubled borrowers to end a case by case
review of foreclosures required by U.S. regulators.
Goldman Boosts Returns to Shareholders Through LayoffsJanuary 16, 2013Goldman Sachs Group Inc paid a
smaller portion of its revenue to employees in 2012 as it laid
off staff, signaling that management at the top Wall Street bank
may be ceding power to the shareholders who supply the capital.
Canada Sets Plan to Resuscitate Venture Capital SectorJanuary 15, 2013Canadian Prime Minister Stephen
Harper announced a plan on Monday to provide C$400 million ($408
million) in venture capital to stem the loss of young
entrepreneurs to the United States and to rekindle investor
interest in providing start-up funds for new
JPMorgan Ordered to Improve Controls After 'Whale' LossJanuary 15, 2013U.S. banking
regulators on Monday ordered JPMorgan Chase & Co to
tighten its risk controls after the bank lost billions of
dollars due to bad bets from a trader known as the "London
Whale."
Funds Overweight Banks For First Time Since 2007: BofA PollJanuary 15, 2013Global investors turned
overweight bank stocks for the first time in six years in
January and boosted equity holdings to a two-year high, a survey
showed on Tuesday.
Barclays, Deutsche Bank to Cut Pay Up to 20 Pct — SourcesJanuary 14, 2013Barclays and
Deutsche Bank will take a knife to bonuses for
investment bankers in the coming weeks as they seek to tackle
high costs, people familiar with the matter said.
ICAP Sells Stake in Traiana to Seven Investment BanksJanuary 14, 2013ICAP has sold a stake in
technology unit Traiana to seven top banks in the latest example
of the world's largest broker partnering with clients on key
projects in a bid to retain their long-term support.
Credit Suisse to Cut Bonus Pool by 20 Percent — PaperJanuary 14, 2013Credit Suisse will cut
its bonus pool for 2012 by 20 percent to around 2.3 billion
Swiss francs ($2.52 billion), the fourth year in a row the Swiss
bank has slashed payouts, a newspaper reported on Sunday.
RBS to Slash Bonuses to Pay Libor Fines —SourceJanuary 11, 2013Royal Bank of Scotland is
preparing to slash bonuses for its investment bankers this year
to help pay fines for its role in an interest rate rigging
scandal, a source familiar with the situation said.
JPMorgan Faces U.S. Order to Improve Compliance — SourcesJanuary 11, 2013U.S. regulators are likely to
order JPMorgan Chase & Co to correct lapses in how it
polices suspect money flows, in an action expected as soon as
Friday, people familiar with the situation said.
Ex UBS Boss Blames "Mercenaries" for Libor DebacleJanuary 10, 2013The former chief executive
of UBS blamed "mercenaries" for its role in the global
interest-rate rigging scandal that has further undermined the
Swiss bank's once venerable reputation.
BlackRock to Buy Credit Suisse ETF BusinessJanuary 10, 2013BlackRock is to buy
Credit Suisse's exchange-traded fund (ETF) business
that will give the U.S. asset manager greater scale in Europe.
Outgoing Eurogroup Chief Calls for Direct Bank AidJanuary 10, 2013The euro zone must use its
rescue fund to inject money into banks with past debts, the
president of the Eurogroup said on Thursday, warning anything
less would undermine the bloc's crisis response.
U.S. Debt Ceiling No place for Stand on Spending: Nasdaq's GreifeldJanuary 09, 2013The U.S. borrowing limit should
not be used as leverage by members of Congress to force the
Obama administration to cut spending as there will be other
opportunities to make a stand, said Robert Greifeld, chief
executive of Nasdaq OMX Group.
BofA, Other Banks Move Closer to Ending Mortgage MessJanuary 08, 2013Bank of America Corp
announced more than $14 billion of legal settlements
over bad mortgages it sold to investors and flaws in its
foreclosure process, taking the bank a step closer to ending the
home loan problems that have dogged it for years.
Citigroup CEO Names New Executive TeamJanuary 07, 2013The newly appointed chief
executive of Citigroup Inc named two veterans of the bank
to lead its institutional and consumer businesses as he
announced his new management team on Monday.
SEC Taps former CFTC Enforcement Chief as General CounselJanuary 07, 2013Geoffrey Aronow, the former
enforcement director at the U.S. futures regulator, has been
tapped to serve as the top lawyer at the Securities and Exchange
Commission, the agency said on Monday.
Hedge Fund Chief Einhorn Disappoints, Loeb Has Big 2012January 04, 2013Widely followed hedge
fund managers Daniel Loeb and David Einhorn ended the year on
divergent notes with Loeb's firm handily beating the broader
stock market and Einhorn's firm posting a modest single-digit
annual gain after performing poorly in December.<
US Regulators Give Banks Time to Spin Off Swap TradingJanuary 04, 2013Banks could have up to three
extra years to comply with a new U.S. rule requiring firms that
receive federal deposit insurance to spin off some of their
swaps trading into separate arms, U.S. regulators said on
Thursday.
