News

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  • Debating "The Great Rotation": Will it Lift Trading Volumes?
    By Ivy Schmerken | June 17, 2013
    A shift from fixed income into equities is unlikely to lift trading volumes and brokerage commissions up to previous highs, according to a Greenwich Associates report.
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  • Q&A: Market Surveillance Demands 20-20 Vision
    By Phil Albinus | June 14, 2013
    Just because regulators are gaining an IT advantage in market surveillance it doesn't mean that broker-dealers can relax. If they want to avoid fines and keep their trading license, remaining vigilant against suspicious trades and compliance infractions is still Job One.
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  • SEC Fines CBOE $6M for "Systemic Breakdowns" in Oversight
    By Ivy Schmerken | June 12, 2013
    The U.S. options exchange operator agreed to pay $6 million for failure to police short selling abuses and for interfering in the investigation of a member firm.
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• • Deutsche Bank Launches Autobahn Mobile
    By Zarna Patel | June 12, 2013
    The bank's sales, trading and research apps will be accessible to corporate and institutional clients via the new mobile platform.
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  • Have We Hit Peak HFT?
    By Phil Albinus | June 11, 2013
    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.
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• • Clearing Connectivity Standard Wins Support from Large Brokers
    By Zarna Patel- Staff Writer | June 11, 2013
    BofA Merrill Lynch, J.P. Morgan, UBS, and Barclays confirmed their support for the new OTC derivatives reporting standard.
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  • Is Social Media Use Penetrating the Financial Markets?
    By Ivy Schmerken | June 11, 2013
    A survey from OneMarketData is studying trends in social media use on Wall Street as a new form of market data.
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  • Dutch Equities and Options Venue Migrates to London Data Center
    By Ivy Schmerken | June 10, 2013
    TMX Atrium supported the migration of The Order Machine (TOM's) matching engine from Stockholm to its new facilities in London.
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  • BofA Merrill Lynch, Citi and Goldman Sachs Join Markit's Credit Checking Hub
    By Ivy Schmerken | June 07, 2013
    Several top dealers have signed up for Markit's Credit Centre, a hub solution for OTC derivatives participants to manage credit lines between FCMs and their clients and venues.
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  • Tradeweb Completes Electronic Pre-Trade Credit Check on Buy-Side Swaps Trade
    By Ivy Schmerken | June 07, 2013
    The derivatives platform demonstrated electronic pre-trade credit checking with an FCM for cleared swaps, using both ping and push protocols.
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  • The Dark Pools’ Choice: Go Into the Light or Down the Drain
    By Phil Albinus | June 07, 2013
    In a letter to the operators of 15 dark pools, Finra asked for more detail about who knows what happens in these unlit exchanges.
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  • Eris Exchange Reduces Contract Size to $100k to Broaden Access to Asset Managers
    By Ivy Schmerken | June 03, 2013
    The notional size of the Eris swap futures contracts were modified by a factor of 10 in response to user demand from buy side firms in advance of the June 10 clearing deadline.
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  • Nomura Boosts Equity Index Trading with New Hire
    By Ivy Schmerken | May 30, 2013
    Nomura hired Tom Jarck to strengthen its capabilities in U.S. equity index trading.
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  • Key Banks, Clearing and Trading Firms to Support NLX
    By Ivy Schmerken | May 30, 2013
    The likes of BNP Paribas, Newedge, DRW Trading and Getco Europe said they plan to contribute liquidity and open interest to Nasdaq OMX's NLX platform to create a competitive market for short and long-term interest rate derivatives.
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  • NasdaqOMX, LCH.Clearnet Gain Regulatory Approval to Launch NLX
    By Ivy Schmerken | May 29, 2013
    NLX will offer a range of both short- and long-term interest rate euro- and sterling-based listed derivative products with clearing on LCH.Clearnet.
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  • Is The Trading Floor Any Place For A New Mother?
    By Phil Albinus | May 28, 2013
    An old-school hedge fund hotshot set off a firestorm saying that women traders lose their edge when they have children. The same goes for divorced dads. Is he right?
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  • Newedge Joins LCH.Clearnet's SwapClear
    By Ivy Schmerken | May 28, 2013
    The multi-asset brokerage and clearing firms said Newedge US and Newedge UK will utilize SwapClear, the major clearing service for interest-rate swaps.
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  • Nomura Hires Senior Desk Analyst for Emerging Markets Group
    By Ivy Schmerken | May 28, 2013
    Javier Kulesz will provide Nomura’s trading desk and institutional investors with his expert view on the macroeconomic forces affecting Argentina and Venezuela.
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  • EU Dark Pools Regs Blast Buy Side
    By Phil Albinus | May 28, 2013
    The proposed 5 percent cap on dark pool trading could have a sharp impact on asset managers who need the anonymity of unlit trading venues, say critics.
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  • BofA Hires Caliendo to Manage Relationships with Hedge Funds
    By Ivy Schmerken | May 24, 2013
    Tracy Caliendo will join BofA Merrill Lynch in September as head of hedge fund services in the Americas.
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  • Czech Republic's RSJ Chooses KX Systems for Algo Trading
    By Ivy Schmerken | May 24, 2013
    A big derivatives trader on NYSE Liffe and other derivatives markets, RSJ is using KX's high-performance database and language to collect and query vast quantities of data and to test models and strategies.
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  • ConvergEx Reduces Latency of Millennium ATS By 75%
    By Ivy Schmerken | May 22, 2013
    Sell-side firm revamped the infrastructure behind Millennium ATS to support the needs of low-latency and immediate or cancel (IOC) customers.
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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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