News

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  • Prosecutors Circling, SAC Hedge Fund May Shut Down
    By Phil Albinus | May 21, 2013
    After several high-profile arrests for insider trading, the head of the rich yet beleaguered SAC hedge fund may call it quits to avoid jail time.
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  • Barclays Commits to Reporting Volumes of Dark Pool
    By Ivy Schmerken | May 20, 2013
    The investment bank confirms its plan to continue reporting volumes in its dark pool LX, on a monthly basis, following the decision by the No. 1 dark pool operator Credit Suisse to go dark.
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  • The Rich Past and Uncertain Future of the NYSE
    By Phil Albinus | May 17, 2013
    On the anniversary of its founding, the New York Stock Exchange shows signs of strength in an uncertain world.
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  • Bloomberg Taps Former IBM CEO As Privacy and Data Advisor
    By Ivy Schmerken | May 17, 2013
    Bloomberg announced that it hired Samuel Palmisano to serve as an independent adviser. Hogan Lovells, of Promontory Financial Group, and Clark Hoyt, of Bloomberg News, were also hired.
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  • HFT Firms Flood DC with Donor Dollars
    By Phil Albinus | May 17, 2013
    While lawmakers and regulators take a long hard look at high-frequency trading, the firms that trade near the speed of light are donating money like never before.
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• • Banks Must Take a Holistic Approach to Cybersecurity
    By | May 16, 2013
    As cybercrime becomes more prevalent, due to the widespread access to technology that criminals now have, banks must remain eternally vigilant, says Booz Allen Hamilton's Bill Stewart.
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  • Arialytics Unveils Predictive Analytics Platform
    By Ivy Schmerken | May 15, 2013
    Aimed at asset managers and hedge funds, the platform enables investors to test their investment ideas without getting bogged down in data sets and modeling.
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  • Is Your Bloomberg Terminal Spying On You?
    By Phil Albinus | May 14, 2013
    After Goldman Sachs discovered that Bloomberg journos were keeping track of their viewing habits over their Bloomberg terminals, traders have some decisions to make about the company that provides their market data, trading tools, IM and more.
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  • EBS Direct is Live with 4 Liquidity Providers
    By Ivy Schmerken | May 13, 2013
    Commerzbank, Goldman Sachs, J.P. Morgan and Morgan Stanley have completed trades on EBS DIrect, a new relationship-based disclosed liquidity service with streaming prices tailored to consumers.
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  • New Regulations Rank as Top Risk — DTCC Survey
    By Ivy Schmerken | May 10, 2013
    82 percent of financial firms responding to a DTCC survey ranked new regulations and the time and resources required to implement new regulations as a top 10 risk facing the industry.
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  • DataArt Launches Free Form PF Software for Hedge Funds
    By Ivy Schmerken | May 09, 2013
    As an alternative to licensing expensive software, DataArt is offering free Form PF software that simplifies the implementation of automated filings for hedge funds/investment advisers.
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  • Australia's Economy Hitting Turbulence
    By Alexander Fleiss | May 09, 2013
    A real estate boom faces some headwinds as commodity prices fall and mining cuts back, but across the globe sunnier skies for Florida's economic forecast could help the Aussie economy.
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  • 60 Percent of Derivatives Users Unprepared for Dodd Frank and EMIR —Study
    By Ivy Schmerken | May 08, 2013
    The vast majority of corporate end users of derivatives are underprepared for compliance with both rule sets due to regulatory uncertainty, over cross-border swaps, according to a survey by Chatham Financial.
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  • OCC Names BNY Mellon's Messinger to Board of Directors & 2 More
    By Ivy Schmerken | May 08, 2013
    The equity derivatives clearing organization named three new members to its board of directors, including Craig Messenger who is head of trading and trading risk at BNY Mellon.
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  • Is Trading Via Microwaves Ready for Prime Time?
    By Phil Albinus | May 08, 2013
    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?
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  • Susquehanna Renews with SunGard for Compliance
    By Ivy Schmerken | May 07, 2013
    Institutional broker dealer Susquehanna Financial Group extended its relationship with SunGard's Protegent as the firm’s platform for trading compliance of its institutional equities trading business.
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  • Thomson Reuters to Launch China Interbank FX Rates via Eikon
    By Ivy Schmerken | May 07, 2013
    Eikon will offer integrated real-time FX data from the China Foreign Exchange Trade System (CFETS), the official interbank trading and FX division of China’s central bank.
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  • Taiwanese Bank Extends License with Fenics for FX Options System
    By Ivy Schmerken | May 06, 2013
    Already a customer for 10 years, E.Sun Commercial Bank will extend its license of Fenics Professional in foreign exchange options to streamline procedures and gain functions such as volatility surface management.
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  • Markit Launches CLO Pricing Service
    By Ivy Schmerken | May 02, 2013
    The service uses observable market data and models to offer a transparent approach to CLO pricing.
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  • HFTs Chase Speed Despite Risks and Regulations
    By Phil Albinus | May 02, 2013
    Like an addict chasing the next high while evading their family, the police and reality, high frequency traders are in a similar state of denial.
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  • Nasdaq OMX Launches ETF Exchange
    By Phil Albinus | April 30, 2013
    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.
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  • Finect Launches Network for Financial Industry's Social Media Needs
    By Ivy Schmerken | April 30, 2013
    Enables financial advisors, asset managers and other professionals to create an online presence by using Twitter, LinkedIn and Facebook, while including tools to ensure compliance with the SEC/FINRA's guidelines.
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  • Paladyne Systems Integrates Numerix; Licenses Source Code
    By Ivy Schmerken | April 30, 2013
    Paladyne, a Broadridge Company, has integrated the Numerix Portfolio Risk into its front-office solutions to help its clients help manage risk across asset classes with the addition of Paldyne's reference data.
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  • Nasdaq OMX to Re-Launch PSX for Exchange Traded Products
    By Ivy Schmerken | April 29, 2013
    Offers new market maker programs with economic incentives to reward individuals who meet quoting requirements on a per-security basis.
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  • TradingScreen Adds FX Functionality for Dodd Frank Compliance
    By Ivy Schmerken | April 29, 2013
    The firm's EMS now offers midpoint pricing on FX pre-spot, forwards, NDFs and swap deal types, ahead of the regulation's deadline on May 1st.
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