Advanced Trading - All Stories

IPC Combines Voice, Data Channels

Thu, 19 Nov 2009 10:39:08 EST

IPC Systems has announced a shared IP access strategy as well as strategic upgrades to its network and trading solutions.

Tabb Study: Unintended Consequences of Regulatory Action Top Buy Side Concern

Thu, 19 Nov 2009 10:26:09 EST

The risk of unintended regulatory consequences is the top market structure concern facing U.S. equity markets, according to buy side traders in Tabb Group's annual study, "Institutional Equity Trading 2009-2010: Dark Pools, Transparency and Consequences."

Tbricks Announces ICE Connection

Thu, 19 Nov 2009 10:02:02 EST

Tbricks, a provider of algorithmic trading technology, has added ICE Futures Europe and U.S. to its native market connections.

LCH.Clearnet Appointed Central Clearing Facility for Chi-East

Thu, 19 Nov 2009 09:42:13 EST

Chi-East, the joint venture between Chi-X Global and Singapore Exchange Limited, have appointed LCH.Clearnet as the central clearing facility for its pan-Asian dark trading platform which is scheduled to launch in mid-2010.

Interagency Panel to Fight Financial Crime

Wed, 18 Nov 2009 11:29:42 EST

The U.S. government has another arrow to its financial crime-fighting quiver, an interagency task force created by executive order Tuesday.

IND-X To Merge with Enzard Ltd.

Wed, 18 Nov 2009 11:02:33 EST

IND-X combines its execution and commission management platform with with Enzard's independent research provider offering to expand in Asia.

Citi To Extend Electronic Options Trading to Buy Side Clients

Wed, 18 Nov 2009 11:00:46 EST

Institutional Clients Can Now Access Citi's Market Leading Options Platform

Capco Launches Wealth Management Group

Wed, 18 Nov 2009 10:02:28 EST

Capco has launched a North American Wealth and Investment Management Group to service wealth managers, investment institutions and investor services firms.

UBS Launches Algo Trading in Hot Spot Brazil

Tue, 17 Nov 2009 11:57:40 EST

In a further sign of Brazil's rapid transformation into one of the world's most dynamic markets and a hot spot for algorithmic trading, UBS announced that it is launching algorithmic trading for international clients trading equities on the Bovespa stock exchange.

SunGard Adds Trading Support for Xetra International Market

Tue, 17 Nov 2009 09:58:28 EST

Xetra International Market (XIM) is a pan-European blue-chip trading platform recently launched by Deutsche Brse. It provides members in 19 countries with trading for European blue-chip stocks.

Risk Management Technology Now Key Part of Prime Brokerages Offering

Mon, 16 Nov 2009 12:59:02 EST

Many low-cost systems providers are now coming to the market with sophisticated technology that was once inaccessible to smaller mid-tier hedge funds.

Gravitas Launches Cloud Computing For Alternative Asset Managers

Mon, 16 Nov 2009 11:45:45 EST

Gravitas' cloud services allows small and medium sized hedge funds and other trading firms the ability to help close the technology gap between small and large firms without buying servers and incurring other upfront capital costs, the company says.

HFT Shops Influence Job Market on Wall Street

Mon, 16 Nov 2009 08:30:02 EST

High-frequency trading firms are influencing the hiring trends on the Street as demand for quantitative skills increases.

Options: The Line Between Institutional and Retail Trading

Fri, 13 Nov 2009 11:33:54 EST

The sophisticated institutional money has finally caught on to what many retail investors have known for years--mainly, that options can provide excellent opportunities to hedge portfolio risk, enhance potential portfolio returns and help enable more prudent use of capital.

Two Madoff Programmers Arrested

Fri, 13 Nov 2009 11:22:20 EST

The Securities and Exchange Commission has charged two of Madoff's former computer programmers for their role in covering up the fraud at Bernard L. Madoff Investment Securities for over 15 years.

DTCC Developing Solution for Cost Basis Reporting Requirements

Fri, 13 Nov 2009 10:02:30 EST

DTCC is developing a solution to help firms comply with a mandate requiring the reporting of adjusted cost basis information to investors and the government.

Bloomberg Enhances CMBS Tools

Fri, 13 Nov 2009 09:26:02 EST

Bloomberg has further enhanced its analytical tools for the CMBS market with the introduction of new capabilities that allow users to view more information around an issue based on detailed economic and interest rate conditions.

Tullett Prebon Launches tpMatch for FRAs

Thu, 12 Nov 2009 09:50:11 EST

tpMatch is the latest in a series of electronic trading solutions that the global IDB has rolled out across a broad range of products.

Nasdaq OMX Continues Norwegian Expansion

Thu, 12 Nov 2009 09:49:43 EST

Nasdaq OMX Stockholm is continuing its expansion by offering on Norwegian securities with four additional shares for trading, extending its offering to include the 30 largest Norwegian shares.

Picower's Estate to Help Madoff Victims

Thu, 12 Nov 2009 09:44:39 EST

The death of Jeffrey Picower, an investor with disgraced financier Bernard Madoff, may mean several billion more dollars for Madoff's victims, attorneys say.

Dodd Presents Financial Regulatory Bill

Thu, 12 Nov 2009 09:44:38 EST

Sen. Christopher Dodd, D-Conn., Tuesday floated a bill that would restructure the U.S. regulatory system overseeing the complex financial services sector.

Palestine Chooses SMARTS Market Surveillance Solution

Thu, 12 Nov 2009 09:38:05 EST

Pricing and Valuation Services: The Search for Transparency

Wed, 11 Nov 2009 11:30:55 EST

Regulatory demand for increased transparency is driving firms to revisit and enhance pricing and valuation processes, often using vendor technology.

Knight Launches Knight Link in Europe

Wed, 11 Nov 2009 09:44:53 EST

Knight Capital Group has launched its Knight Link trading model for European equities.

Jury Acquits Bear Stearns Managers

Tue, 10 Nov 2009 16:35:34 EST

A New York City jury said two Bear Stearns hedge fund managers were not guilty of fraud by concealing the weakness of the fund, which collapsed in 2008.

TowerGroup Regulation Outlook: Risk And Derivatives Top List

Tue, 10 Nov 2009 14:01:23 EST

Regulation and the many anticipated changes coming in the next year were the focus on a briefing hosted by TowerGroup and Sybase this morning.

Chi-X Global Builds Out Asia-Pac Team

Tue, 10 Nov 2009 10:53:12 EST

Chi-X Global, the holding company for regional Chi-X market centers and the Chi-Tech solutions provider, has expanded its Asia-Pacific sales team with the addition of Christopher Brown and Raks Sondhi.

Tradar Appoints Gerry Gualtieri as Chief Executive Officer

Tue, 10 Nov 2009 10:02:12 EST

Tradar Limited today announced that Gerry Gualtieri has been named to serve as the company's Chief Executive Officer.

SmartPool Adds BofA Merrill Lynch and CA Cheuvreux

Tue, 10 Nov 2009 10:00:56 EST

European dark pool signs up three additional investment banks and expects to bring them online in coming months

Chi-X Europe Launches Chi-Delta Pricing Promotion

Tue, 10 Nov 2009 09:51:11 EST

Effective from today through the end of the year, Chi-Delta executions resulting from passive orders (non-IOC or FOK) will be charged 0.15 basis points, a reduction from the standard 0.3 basis points. Executions resulting from aggressive orders (IOC or FOK) will continue to be charged 0.3 basis points.

ConvergEx to Acquire NYFIX U.S. Transaction Services Business

Mon, 9 Nov 2009 11:15:36 EST

Acquisition Complements ConvergEx's Advanced Execution Technologies; Expands Sell-Side Client Base

StreamBase Connects to Canada's Pure Trading

Mon, 9 Nov 2009 11:05:43 EST

StreamBase's connectivity to Pure Trading reflects the exchange's goal of enabling the Canadian trading community to take advantage of cutting-edge trading technologies, while delivering cost savings and enhancing the competitiveness of the Canadian markets.

ICAP Launches New Data Service

Mon, 9 Nov 2009 10:59:08 EST

ICAP FIX is a comprehensive data service providing accurate and verifiable marks across an extensive range of ICAP market data.

Tora Integrates Tradar Insight

Mon, 9 Nov 2009 10:16:33 EST

Tora and Tradar have completed the integration of their Tora Compass and Tradar Insight products.

What Will 2010 Bring for the Buy-Side Trading Desk?

Mon, 9 Nov 2009 10:15:02 EST

The events of the past year and a half forever altered the financial markets. With the fall of top firms, the rise of volatility, the glaring publicity around high-frequency trading and a dramatically new regulatory climate, the trading desk of 2010 is in for some major changes.

Cuttone & Company Appoints Nunley SVP Institutional Sales

Mon, 9 Nov 2009 09:58:59 EST

Blake Nunley has joined Cuttone & Company as senior vice president of institutional sales. Based in Dallas, Nunley will oversee growth of the firm's electronic trading solutions in the region, particularly Cuttone's direct market access platform.

UBS Names Weingram Equity Derivatives Strategy Head

Fri, 6 Nov 2009 10:44:51 EST

According to an internal memo confirmed by a UBS spokesperson, Seth Weingram has joined the firm as Managing Director and Head of Equity Derivatives Strategy.

Seven More Charged in Insider Trading Probe

Thu, 5 Nov 2009 10:46:02 EST

The latest charges include current and former employees at Galleon Group as well as Incremental Capital and the law firm Ropes & Gray. The charges focus on insider trading activities around mergers and acquisitions.

Calypso Integrates Bloomberg API Via Sky Road Hosted Solution

Thu, 5 Nov 2009 10:23:15 EST

Bloomberg's real-time data is now available to Calypso and Sky Road's joint clients of the derivatives and treasury processing hosted solution.

Aite Group Releases European MTF Report

Thu, 5 Nov 2009 10:09:39 EST

Aite Group has released a new report on the impact of multilateral tracing facilities (MTFs) on the European exchange landscape.

Linedata Releases LongView Version 7.1

Thu, 5 Nov 2009 09:51:23 EST

Linedata Services has released Version 7.1 of its LongView multi-asset trading platform with several new and enhanced functionalities.

Hedge Funds' Managed Accounts Assets to Rise 70%

Wed, 4 Nov 2009 11:45:28 EST

The focus on transparency, liquidity and flexibility are the primary drivers of the managed accounts phenomenon.

Tullett Prebon and Calypso Launch Correlation Service

Wed, 4 Nov 2009 09:42:12 EST

Tullett Prebon and Calypso Technology Launch service to help firms actively manage risk.

ConvergEx Tapped by Mahogany Partners To Build Block Trading Tech

Tue, 3 Nov 2009 10:01:09 EST

ConvergEx has been selected by Mahogany Partners, a consortium of independent NYSE broker-dealers, to build a line of advanced electronic block trading technologies.

Ticonderoga Securities Launches Equiy Derivatives Group

Tue, 3 Nov 2009 09:54:09 EST

Hires industy veteran Vuk Bulajic to build out the equity derivatives team team and product offering including research.

Patsystems Announces Connectivity to Taiwan Futures Exchange

Tue, 3 Nov 2009 07:27:15 EST

Patsystems has further extended its global reach by providing connectivity to the Taiwan Futures Exchange, TAIFEX.

Cantor Fitzgerald's UK Completes Implementation of SunGard's Phase3

Tue, 3 Nov 2009 07:20:50 EST

Phase3 Provides Cantor with a Consolidated Platform for US and UK Equities and Fixed Income Securities Processing.

Victims Upset by 'Madoff Auctions'

Mon, 2 Nov 2009 12:23:00 EST

Victims of jailed U.S. financier Bernard Madoff say they're upset at organizers of Madoff auctions who claim to be selling victims' items.

Madoff: SEC Could Have Had Him Earlier

Mon, 2 Nov 2009 12:23:00 EST

Jailed former financier Bernard Madoff says lack of basic investigatory moves by the U.S. Securities Exchange Commission allowed his Ponzi scheme to flourish.

Fidessa Launches LatentZero as a Service

Mon, 2 Nov 2009 10:13:35 EST

Fidessa has launched its LatentZero as a Service fully managed service for the buy-side front office.

Early Thoughts On SEC Dark Pool Regulation

Fri, 30 Oct 2009 11:46:37 EDT

The SEC put forth a series of proposals it believes will enhance transparency, reduce asymmetries, and enhance public confidence in the equity markets but discussing these proposals in advance of releasing them in written form has raised significant confusion in the industry.

Washington Reacts to Treasury Plan

Fri, 30 Oct 2009 11:29:26 EDT

Lawmakers and economists have expressed doubts about a major U.S. Treasury Department proposal to regulate future financial crisis.

Miami Money Manager Arrested in K1 Probe

Fri, 30 Oct 2009 11:29:26 EDT

A Miami money manager tied to the German hedge-fund firm K1 Group was arrested on money-laundering charges after a sting operation, U.S. prosecutors said.

Markit to Acquire Loan Settlement System

Fri, 30 Oct 2009 11:22:07 EDT

Paladyne, RiskMetrics Partner for Hedge Fund Risk Reports

Fri, 30 Oct 2009 09:59:57 EDT

Paladyne Systems has formed a strategic partnership with RiskMetrics Group to provide intra-day, daily and monthly risk reports to hedge funds and service providers.

Direct Access Partners Hires Team from Van der Moolen Group

Thu, 29 Oct 2009 10:43:04 EDT

US institutional brokerage team exits Van der Moolen Group to join Direct Access Partners, citing access to multiple asset classes and prime brokerage.

Fitch Solutions and Pricing Partners Team up on CDS Data

Thu, 29 Oct 2009 09:51:02 EDT

Fitch Solutions has teamed up with Pricing Partners to allow users of Pricing Partners' Price-it Solution with Fitch Solutions market data license to access Fitch Solutions' market data on OTC credit derivatives.

Pay Czar Says Seven Firms is Enough

Wed, 28 Oct 2009 22:10:10 EDT

Special pay master for the U.S. Treasury Kenneth Feinberg told a congressional panel his jurisdiction should be limited to his current case load of seven firms.

Capco Expands Cap Markets Group to Meet Trading Demand

Wed, 28 Oct 2009 22:05:07 EDT

Industry Experts Joe Anastasio and Michael Haworth to Co-Lead Group

Senate Subcommittee Questions Industry Insiders on Market Structure Issues

Wed, 28 Oct 2009 17:14:49 EDT

Lawmakers gathered for a hearing to question industry participants and gather information on dark pools, high frequency trading, sponsored access and flash orders.

AmInvestment Selects SunGard for Risk Modeling

Wed, 28 Oct 2009 10:43:59 EDT

Funds Management Division of AmInvestment Bank Group Selects SunGard's APT for Multi-Asset Fund Risk Modeling, Analysis and Reporting

Stamford Risk Analytics Introduces New Approach to Enterprise Risk Management

Wed, 28 Oct 2009 10:34:52 EDT

Ali Samad-Khan, a world-renowned expert in risk management, has announced the formation of Stamford Risk Analytics.

Turquoise To Launch Exchange Traded Commodities

Wed, 28 Oct 2009 10:34:18 EDT

Turquoise announced it will expand its services to include six Exchange Traded Commodities (ETCs) for trading on its multi-lateral trading facility (MTF).

Bank of America Merrill Lynch Launches Brazilian Algos

Wed, 28 Oct 2009 09:59:02 EDT

Bank of America Merrill Lynch has launched its algorithmic trading platform in Brazil.

Higher Frequency, Lower Risk

Wed, 28 Oct 2009 09:49:32 EDT

Detractors claim that high frequency trading has a very risky profile and is capable of destabilizing the markets but Aldridge examines the risks of high-frequency trading in comparison with lower-frequency trading styles across every risk category.

SEC Drafting Proposals on Sponsored Access, HFT

Tue, 27 Oct 2009 15:44:19 EDT

At SIFMA's Annual Meeting SEC Chairman Mary Schapiro announced that she has asked her staff to come up with two new market structure proposals focusing on sponsored exchange access and high frequency trading.

High-Frequency Trading Firms Seeking Tech Talent

Tue, 27 Oct 2009 10:50:03 EDT

High-frequency trading firms are recruiting programmers and other tech talent. But some prefer Google and Microsoft alumni to Wall Street veterans.

Lime Brokerage to Offer Marketcetera's Automated Trading Platform

Tue, 27 Oct 2009 10:38:52 EDT

Lime will tap Marketcetera's open-source software platform to enable rapid implementation of new equities trading strategies.

Misys Launches Buy Side OTC Derivatives Solution

Tue, 27 Oct 2009 10:14:01 EDT

Misys has launched its Summit Invest over-the-counter derivatives solution for hedge funds, asset managers and asset servicers.

'Exchange-Traded' Does Not Equal 'Risk-Free'

Tue, 27 Oct 2009 08:00:03 EDT

Just because Congress mandates that OTC products trade on-exchange doesn't mean that OTC derivatives won't blow up.

Proprietary Trading Firms Recruit Technical Talent Online

Mon, 26 Oct 2009 12:30:03 EDT

Proprietary trading firms go to career fairs at top universities to search for technical talent and some offer training programs.

Inter-Pacific Securities Goes Live with SunGard's GL Net

Mon, 26 Oct 2009 10:21:59 EDT

Inter-Pacific Securities uses SunGard's GL Net for direct market access to Malaysia

Geyer Leaves JonesTrading

Mon, 26 Oct 2009 10:17:30 EDT

JonesTrading announced that Will Geyer, the firm's president and CEO, left the firm on October 15th to pursue other opportunities.

Washington Tackles 'Too-Big-to-Fail' Firms

Mon, 26 Oct 2009 10:13:49 EDT

Senior White House officials said Rep. Barney Frank, D-Mass., would introduce a bill to allow the government to seize troubled U.S. non-bank firms.

Derivix Integrates with GFG For Options Trading Solution

Fri, 23 Oct 2009 10:20:50 EDT

Derivix, a software company providing options pricing, analytics and real-time risk visualization, has now integrated with Greenmoor Financial Group (GFG), a Chicago-based introducing broker.

Fidelity Launches New Online Platform For Foreign Stocks and Currency Exchanges

Thu, 22 Oct 2009 09:47:25 EDT

New platform expands capabilities for retail investors, broker-dealers and advisers to trade international stocks and exchange foreign currencies.

CME Group Names Sammann MD Financial Products, Services

Thu, 22 Oct 2009 09:23:45 EDT

CME Group has named Derek Sammann managing director of financial products and services.

SEC Takes Dramatic Stance on Dark Pools with Rule Proposal

Wed, 21 Oct 2009 18:59:30 EDT

In an SEC meeting today in Washington, D.C., the regulator proposed a new rule that ultimately aims to move flow out of the dark and into the lit markets.

Demonizing the Dark

Wed, 21 Oct 2009 11:57:57 EDT

Adam Sussman, TABB Group's director of research, comments on the SEC and dark pools, specific to today's SEC open meeting in Washington, DC beginning at 10:00 am ET to consider whether to propose regulatory changes regarding dark pools:

TradingScreen Connects to BGC Partners' eSpeed

Wed, 21 Oct 2009 11:03:43 EDT

TradingScreen will offer an ASP connection to BGC's platform.

Senator Schumer's Six Proposals for ATS Regulation

Wed, 21 Oct 2009 10:41:32 EDT

Following yesterday's press conference call with NYSE chief executive Duncan Neiderauer, Senator Chuck Schumer (D-NY) sent an official letter to SEC Chairman Mary Schapiro with six proposals to regulate alternative trading systems (ATSs) more like traditional exchanges.

BTIG Builds Out Capital Introduction Team

Wed, 21 Oct 2009 09:56:51 EDT

BTIG is building out its capital introduction team with the appointments of Jennifer Bloom and Catherine Wagner as vice presidents focusing on prime brokerage and outsource trading clients.

Senator Schumer: Level Playing Field for Exchanges, Non-Exchanges

Tue, 20 Oct 2009 13:38:39 EDT

Senator Chuck Schumer (D-NY) has called on the SEC to create a "level playing field" by regulating alternative trading systems (ATSs) and dark pools more in line with exchanges.

Fincad Enhances Analytics Suite

Tue, 20 Oct 2009 10:09:40 EDT

In response to credit market disruptions, high volatility and regulatory compliance requirements, Fincad has made substantial enhancements to its analytics library.

7ticks Expands Relationship with Telx

Tue, 20 Oct 2009 09:56:03 EDT

New Chicago data center space offers Telx customers direct market access and ultra low latency connections via 7ticks network.

SR Labs Launches Hosted Market Data Feed Handler

Tue, 20 Oct 2009 09:47:35 EDT

Teams up with Options IT to power the new market data offering aimed at high frequency trading environments.

Hudson Bay Capital Deploys Sophis Solution

Mon, 19 Oct 2009 11:09:30 EDT

Hudson Bay Capital, a New York-based hedge fund, has selected Sophis Value to support trading across multiple asset classes.

Chi-X Europe Launches Chi-Velocity

Mon, 19 Oct 2009 10:42:19 EDT

Chi-X Europe has launched Chi-Velocity, a proximity-hosted risk management software layer co-located next to the Chi-X Europe primary matching engine that enables trading participant firms to offer ultra-low latency sponsored DMA to their clients.

RiskMetrics Recomends NYFIX Stockholders Vote Yes to NYSE/Euronext Merger

Sun, 18 Oct 2009 21:49:30 EDT

Nomura Releases First U.S. Equity Algos

Fri, 16 Oct 2009 10:27:44 EDT

Continuing the build out of its U.S. electronic trading offerings, Nomura has released a core set of algorithms for equities as part of its global ModelEx strategies.

Oslo Bors to Launch Derivatives Marketplace

Fri, 16 Oct 2009 10:12:16 EDT

Oslo Bors has announced it will establish Oslo Connect, a new regulated marketplace for trading over the counter derivatives.

Nasdaq OMX Announces New Listing Market

Fri, 16 Oct 2009 09:02:42 EDT

The new market called BX is for companies that do not qualify for an exchange listing.

Shareholders Challenge Goldman's Bonus Plans

Thu, 15 Oct 2009 10:47:05 EDT

Shareholders challenge Goldman Sachs as it prepares to pay record bonuses; file shareholder resolution early.

Mid East I Bank Depoys Fidessa

Thu, 15 Oct 2009 10:30:23 EDT

Middle East investment bank, EFG Hermes, joings Fidessa's network.

Nasdaq OMX to Launch Third Equity Trading Platform in U.S.

Thu, 15 Oct 2009 09:57:00 EDT

Plans to launch new price/size priority model in 2010, using license acquired from PHLX.

Sweeping Re-Evaluation of Market Structure Necessary

Thu, 15 Oct 2009 09:45:59 EDT

According to Cuttone & Company's McSherry, a sweeping reevaluation of current market structure should be undertaken immediately, before new rule changes are erected atop a flawed regulatory foundation.

Mismi Selects OneTick Data Management Solution

Thu, 15 Oct 2009 09:38:42 EDT

Mismi, a call-market crossing solution scheduled to launch in the fourth quarter, has licensed OneMarketData's OneTick Database for data management, analytics and complex event processing.

NYSE and DTCC Finalize New York Portfolio Clearing Venture

Wed, 14 Oct 2009 09:55:39 EDT

NYSE Euronext and the DTCC have finalized their New York Portfolio Clearing joint venture for clearing U.S. fixed income cash and derivatives.

DTCC To Relocate to New Jersey

Wed, 14 Oct 2009 09:50:37 EDT

DTCC plans to relocated a significant portion of Northeast staff to New Jersey

Panelists Sound Off On High Frequency Trading at Thomson Reuters Event

Tue, 13 Oct 2009 19:49:02 EDT

Poll found that over 70 percent of buy-and sell-side attendees felt regulators are behind the curve in understanding implications of HFT.

INDATA Offers Access to Fox River's Trading System

Tue, 13 Oct 2009 14:31:52 EDT

Integrates Fox River Algos and Execution Solutions with INDATA Precision Trading.

BOX Names New CEO

Tue, 13 Oct 2009 10:38:34 EDT

The Boston Options Exchange (BOX) has named Tony McCormick as its Chief Executive Officer, effective immediately.

SunGard Provides Solution for Moroccan Securities Industry

Tue, 13 Oct 2009 10:28:24 EDT

SunGard has enhanced GL RIMS to provide a solution for the Moroccan Securities Industry.

R.W. Pressprich Invests in CodeStreet

Tue, 13 Oct 2009 10:25:33 EDT

ixed-income broker-dealer uses CodeStreet's Teamwork hosted service for fixed income sales and trading, and wants to help firm expand into broad array of asset classes.

Charles River Opens China Office

Tue, 13 Oct 2009 09:59:02 EDT

Charles River Development has opened a regional office in Beijing, China to better service its local clients.

BofA Merrill Lynch Builds Out Electronic Sales Trading Group

Tue, 13 Oct 2009 09:38:23 EDT

Bank of America Merrill Lynch has made several new appointments within its electronic sales trading team.

RealTick Adds Goldman Sachs Connection

Mon, 12 Oct 2009 10:31:55 EDT

RealTick, Townsend Analytics' multi-broker cross-asset electronic trading platform, has added Goldman Sachs to its international network.

BTIG Hires Vikas Tandon to Head High Yield and Distressed Analytics

Mon, 12 Oct 2009 10:05:17 EDT

New Hire boosts expertise of BTIG's global fixed income group across the credit spectrum.

NYSE Launches New Market Data Source

Fri, 9 Oct 2009 10:55:26 EDT

NYSE Technologies has implemented its SuperFeed data ticker plant and OneTick capture and time series analysis solution as the new market data content source for its Web site www.nyse.com.

ConvergEx To Acquire Cogent Consulting After Collapse of Consortium Deal

Thu, 8 Oct 2009 11:22:22 EDT

Cogent 's research valuation and broker vote software are a natural fit with ConvergEx's commission management business.

J.P. Morgan Launches New Depositary Receipt Solution

Thu, 8 Oct 2009 09:58:37 EDT

J.P. Morgan introduces broker-dealer fee lock solution for depositary receipt issuance & cancellation

Nomura First Broker to Offered Sponsored Access to BATS Europe

Thu, 8 Oct 2009 09:55:18 EDT

Nomura will now be providing clients with direct access to the BATS Europe Multilateral Trading Facility (MTF).

Neuberger Berman Picks Switch and Data Site

Thu, 8 Oct 2009 09:45:13 EDT

Global asset manager will house critical operations infrastructure in Switch and Data's northeastern U.S. site.

Electronic Trading Today: New Requirements for an Increasingly Complex Global Marketplace

Wed, 7 Oct 2009 12:00:55 EDT

Firms today face a challenging new market environment, one that is fractured, extremely competitive, and constantly evolving.

SunGard Offers New Risk Reporting to Asset Managers

Wed, 7 Oct 2009 09:50:43 EDT

SunGard extends asset arena offering to provide risk management and consulting services

Shoreline Trading Appoints Prime Brokerage Sales MD

Wed, 7 Oct 2009 09:49:09 EDT

Shoreline Trading Group has appointed Fedrik Schilling managing director of prime brokerage sales operations.

Chi-X Canada and IFS Introduce Historical Data Service

Wed, 7 Oct 2009 09:39:18 EDT

TABB Group Pulls Back the High-Frequency Trading Curtain

Wed, 7 Oct 2009 08:00:03 EDT

TABB Group outlines a few principles to which it adheres when discussing the controversial subject of high-frequency trading.

UBS Investment Bank Expands Energy Banking Team

Tue, 6 Oct 2009 10:30:02 EDT

UBS hires 18 investment bankers to expand energy banking.

Cosmos Technologies Launches Data Warehouse Toolkit for Hedge Funds

Tue, 6 Oct 2009 10:18:11 EDT

Datawarehouse toolkiit delivers middle-office functions for a complex multi-strategy, multi-counterparty and multi-asset environment.

TSE Launches New Options Trading Platform

Tue, 6 Oct 2009 09:58:59 EDT

The Tokyo Stock Exchange has launched its Tdex+ System, a new options trading platform.

High-Frequency Shops Poach Talent From Exchanges and Bulge-Bracket Firms

Tue, 6 Oct 2009 08:00:05 EDT

Lured by the promise of bigger paydays, many high-profile bulge-bracket traders and exchange executives are making the jump to high-frequency trading shops.

Dark Pools 2009: Not So Dark Anymore

Mon, 5 Oct 2009 14:43:43 EDT

A new report by Aite Group examines key trends within the dark pool market, highlighting the major changes to the dark pool market over the last 12 months and profiles of 26 dark pools.

Instinet Plans to Launch BLX Dark Pool for Crossing Block Trades

Mon, 5 Oct 2009 14:07:33 EDT

BLX will pool and consolidate small orders from multiple parties into blocks faster than peer-to-peer systems, contends Instinet.

Bloomberg Releases Enhanced FX Auctions Facility

Mon, 5 Oct 2009 10:53:23 EDT

The second phase of FX Auctions facility now including FX spots and forwards has been released on the Bloomberg Professional terminal.

StreamBase Releases Order Execution Strategies for HFT

Mon, 5 Oct 2009 09:26:38 EDT

StreamBase Launches a new library of execution strategies for high frequency trading.

High-Frequency Trading Shops Play the Colocation Game

Mon, 5 Oct 2009 08:30:04 EDT

To shave milliseconds off their execution speeds, high-frequency trading firms look to capitalize on colocation strategies and other technologies to get close to exchange matching engines and reduce latency.

HFT: A Natural Evolution?

Sun, 4 Oct 2009 16:15:12 EDT

High-frequency trading did not spring up out of nowhere -- as the media coverage sometimes makes it seem -- but the practice's future holds many questions.

High-Frequency Trading On SEC's Agenda

Sun, 4 Oct 2009 11:30:03 EDT

The SEC, which already has proposed banning flash orders, says it will look into the fairness of high-frequency trading as well.

Rather Than Simply Banning Flash Orders and High-Frequency Trading, the SEC Needs New Technology to Police High-Tech Markets

Fri, 2 Oct 2009 17:00:04 EDT

Could the SEC's proposed ban on flash orders be a precursor to a ban on high-frequency trading or to limits on colocation?

How High-Frequency Trading Became So Controversial

Fri, 2 Oct 2009 08:30:03 EDT

High-frequency trading has moved out of the shadows and entered even the average investor's vocabulary. How did it become so controversial, and what are the pros and cons of these trading strategies?

LSE In Talks to Buy Turquoise

Thu, 1 Oct 2009 10:39:17 EDT

According to reports, the London Stock Exchange is in exclusive talks to purchase Turquoise Trading, the pan-European equity alternative trading system backed by a consortium of nine investment banks.

BofA CEO Ken Lewis Resigns Amid Controversy

Thu, 1 Oct 2009 10:00:57 EDT

Ken Lewis, chief executive office and president at Bank of America, has announced he will retire as of December 31, 2009 after 40 years with the company.

NYSE Euronext Appoints IBM Veteran Dominic Cerutti as Deputy CEO

Thu, 1 Oct 2009 09:54:59 EDT

NYSE Euronext taps Cerutti to oversee global technology/IT, signalling the importance of technology in the competitive global exchange landscape.

Breaking it Down: An Overview of High-Frequency Trading

Thu, 1 Oct 2009 08:45:02 EDT

Advanced Trading takes an in-depth look at high-frequency trading, from a basic definition of the trading style to the details on who is leveraging it and how much they're trading.

What Ails Us About High Frequency Trading?

Wed, 30 Sep 2009 16:26:49 EDT

Themis Trading's Sal Arnuk and Joseph Saluzzi sound off on three aspects of high frequency trading that are problematic.

Hyde Park Global Bets on Adaptive Models to Trade Arbitrage Strategies in Milliseconds

Wed, 30 Sep 2009 13:15:02 EDT

With no traders, only scientists, Hyde Park Global designs adaptive models to take advantage of short-term price inefficiencies.

Apama, CQG Launch Automated Execution for CQG Futures

Wed, 30 Sep 2009 09:50:52 EDT

Progress Software has released the latest version of its Progress Apama AutoEx for CQG Integrated Client (IC) with automated execution for CQG futures trading.

ISE's Portfolio of First Trust Advisors ETFs Now Exceeds $500M AUM

Tue, 29 Sep 2009 09:56:30 EDT

ISE's "pure play" indexes serve as benchmarks for the ETFs that target high growth sectors.

Fidessa LatentZero, Ancerno Partner for Post-Trade TCA

Tue, 29 Sep 2009 09:42:50 EDT

Ancerno has partnered with Fidessa LatentZero to provide access to its Trade-Zoom post-trade application from Fidessa's Minerva Order and Execution Management System (OEMS).

Patsystems Licenses Software to Brazilian Broker Flow Corretora

Tue, 29 Sep 2009 06:47:24 EDT

Patystems will provide Flow with complete a OMS, including direct market access to BM&F, the derivatives market, and risk management.

Alphacet Extends Quant Solution to Europe with Lakeview Partnership

Mon, 28 Sep 2009 10:48:27 EDT

Alphacet has partnered with Lakeview Capital Market Service GmbH to broaden the reach of its Discovery straight through processing solution for quantitative strategy development and deployment.

Northern Trust Enhances Online Risk Reporting

Thu, 24 Sep 2009 10:57:35 EDT

Northern Trust's tools provide risk attribution and VaR analysis.

SunGard Enhances Commodity Coverage

Thu, 24 Sep 2009 10:51:23 EDT

SunGard's Kiodex Real Time enhanced with expanded market coverage for commodity trading.

TradeStation Launches Prime Brokerage Services

Thu, 24 Sep 2009 10:16:41 EDT

TradeStation launches prime brokerage division to capitalize on growing need of small and mid-sized hedge funds and investment advisers

Lighthouse Financial Launches Global Portfolio Trading Platform

Thu, 24 Sep 2009 10:04:26 EDT

Lighthouse hires team of eight professionals from JP Morgan Chase to serve buy-side clients.

TradingScreen Launches TradeSmart X

Wed, 23 Sep 2009 11:54:31 EDT

The new TradeSmart X integrates into a single interface major functionality enhancements for liquidity access; execution management; cross-asset class trading and reporting delivered with a new look and feel.

Samsung Securities Live on Fidessa Asian Trading Platform

Wed, 23 Sep 2009 10:39:41 EDT

Samsung Securities Company has gone live with Fidessa's Asian trading platform for its new Asian investment banking operations in Hong Kong.

Trading Technologies Launches New Spread Trading Engine

Wed, 23 Sep 2009 10:01:13 EDT

Trading Technologies International has released its Autospreader Strategy Engine (SE), a server-based implementation of its Autospreader application for spread trading.

Tradar Releases Version 3.2 of Insight Platform

Tue, 22 Sep 2009 10:05:27 EDT

New version of Tradar's portfolio management and accounting platform improves STP, automates NAV process and includes FIX drop copies.

New Hide to Comply Order Type Added to Citi’s LavaFlow ECN

Tue, 22 Sep 2009 09:48:22 EDT

This new order type that allows liquidity providers to enter displayable limit orders at aggressive prices and get the best time priority at the order's posted level while receiving a rebate.

Chi-X Canada Direct ATS Data Feed Connects To Bloomberg

Tue, 22 Sep 2009 09:34:29 EDT

Chi-X Canada ATS Limited has connected its direct market data feed (CHIXMD) to the Bloomberg Professional service enabling the streaming of real-time quote data for Bloomberg users.

Bloomberg Tradebook Launches Soft Limits

Mon, 21 Sep 2009 20:22:14 EDT

Options IT Acquires Colo Biz from BNP Paribas

Mon, 21 Sep 2009 20:08:45 EDT

Deal Adds New Clients, IT Staff, Three Data Centers and Two Regional Offices To Options IT's US Operations

Chi-X Europe and Liquidnet Supernatural to Interconnect

Mon, 21 Sep 2009 19:56:42 EDT

The collaboration between Chi-X Europe and Liquidnet Supernatural is expected to enhance liquidity discovery opportunities for clients of both firms by bringing together liquidity sources whilst allowing anonymous trading with minimal market impact.

Pragma Releases Enhanced Liquidity Aggregation Tool

Mon, 21 Sep 2009 10:09:22 EDT

Pragma Securities has released its Onepipe 2.0 enhanced liquidity aggregation and market access execution service.

High Frequency Community Speaks Out

Fri, 18 Sep 2009 14:44:46 EDT

At this week's Aite Group event focused on high frequency trading, a panel discussion brought together members of the high frequency community together to discuss the value of their trading style as well as some of the confusion and controversy around the practice.

SEC Proposes Flash Order Ban

Fri, 18 Sep 2009 10:44:51 EDT

The Securities and Exchange Commission voted unanimously to propose a rule amendment to officially ban flash orders.

Calypso To Open Hong Kong Office

Fri, 18 Sep 2009 09:22:38 EDT

Calypso Technology is expanding in the Asia Pacific region and has filed documents to incorporate a new subsidiary company in Hong Kong.

BGC Partners Raises $10M+ on Charity Trading

Fri, 18 Sep 2009 07:43:31 EDT

BGC Partners, an inter-dealer broker, raised over $10 million on its fifth annual global charity trading day.

Electronic Trading in India

Fri, 18 Sep 2009 07:00:33 EDT

India's debt markets have experienced rapid growth and along with that electronic trading also risen sharply, with the market growing at a CAGR over 75% since 2005.

ConvergEx’s Eze OMS Integrated with ICE Link

Thu, 17 Sep 2009 10:49:16 EDT

ConvergEx has integrated its Eze OMS with ICE Link, an electronic affirmation and novation consent platform for over-the-counter derivatives trading.

Exchange Execs Debate Regulation, Flash Orders

Thu, 17 Sep 2009 10:40:41 EDT

At an event last night sponsored by Aite Group, a panel discussion brought together four prominent market center heads to share their views on the new market realities they are facing.

BATS To Launch Second U.S. Equities Exchange, BYX, by 2010

Thu, 17 Sep 2009 10:04:55 EDT

BATS plans to file an appliaction with the SEC for a second equity exchange, BYX, which will experiment with different pricing models and innovative technology.

Fox River Launches New ETF Trading System

Wed, 16 Sep 2009 12:19:40 EDT

Fox River Execution has collaborated with iShares to launch a new trading platform aimed at trading large blocks of ETFs.

CastleOak Names New Sales, Trading Head

Wed, 16 Sep 2009 10:45:00 EDT

CastleOak Securities has appointed Val Guilford senior managing director and head of its equity sales and trading business.

ICAP Hires for New Alternative Investments Group

Wed, 16 Sep 2009 10:26:54 EDT

Interdealer broker ICAP is expanding its alternative investments business with the hires of Laura Prager and Linda Prager, who will act as co-heads and managing directors of its Alternative Investments Group.

Credit Suisse Launches Algos in Brazil

Wed, 16 Sep 2009 10:06:41 EDT

Credit Suisse's AES desk has launched a full suite of algorithmic trading products for Brazilian equities, including direct market access.

Spotlight on Regulation: The New Rules of the Game

Tue, 15 Sep 2009 16:30:03 EDT

The SEC has had a busy summer not only revamping its internal processes and procedures but also focusing on potential regulation in four major areas: the over-the-counter derivatives market, short selling, dark pools and sponsored access to exchanges.

Sex, Jobs and High-Frequency Trading

Tue, 15 Sep 2009 16:15:10 EDT

Staying ahead of the news isn't always just about the latest tech advancements or industry moves.

Rockefeller & Co. Exec Dead in Apparent Suicide

Tue, 15 Sep 2009 15:39:16 EDT

According to reports James McDonald, head of Rockefeller & Co., a New York City-based investment management firm, died of an apparent self-inflicted gunshot wound on Sunday in Massachusetts.

HFT is Fair Game

Tue, 15 Sep 2009 10:05:16 EDT

Allen Zaydlin, CEO of InfoReach sounds off in defense of high frequency trading.

Mahogany Partners Announces Live Trading with BlockCrossATS

Tue, 15 Sep 2009 09:41:51 EDT

A consortium of mid-size brokers, Mahogany Partners, is facilitating access to buy-side alternative trading systems.

Fidessa Signs Russia’s Renaissance Capital

Tue, 15 Sep 2009 09:23:51 EDT

Fidessa announced that Renaissance Capital, a Moscow-based emerging markets investment bank, has gone live with the Fidessa sell-side trading platform.

ITG Selects Asset Control

Tue, 15 Sep 2009 08:53:44 EDT

ITG selects Asset Control's AC Plus data management platform to support asset growth initiatives.

SuperDerivatives, Calypso Link Systems

Mon, 14 Sep 2009 10:57:58 EDT

SuperDerivatives, Calypso together focus on cost control, risk management and workflow in OTC markets.

SEC Published Direct Edge’s Exchange Applications

Mon, 14 Sep 2009 10:03:33 EDT

Direct Edge said that exchange applications for both EDGA and EDGX are available for public comment on the SEC Web site.

Turquoise to Begin Depositary Receipt Trading

Mon, 14 Sep 2009 09:56:19 EDT

Turquoise announced it will begin trading in depositary receipts this October.

Barclays Takes Equity Stake in Tradeweb

Fri, 11 Sep 2009 10:37:33 EDT

Barclays Capital has taken a minority equity stake in Tradeweb, which operates a global fixed income and derivatives trading network.

Morgan Stanley CEO John Mack to Step Down

Fri, 11 Sep 2009 09:57:59 EDT

Morgan Stanley chairman and chief executive officer John Mack will step down as CEO at the end of 2009 and current copresident of the firm James Gorman will take over.

Industry Participants Weigh Proposals to Monitor Sponsored Access in Real Time

Thu, 10 Sep 2009 16:45:02 EDT

Worried about systemic risk caused by naked access, industry participants push for concurrent monitoring of high-frequency trades.

Fidessa Expands Latin American Reach

Thu, 10 Sep 2009 09:37:41 EDT

Fidessa adds leading Mexican broker Casa de Bolsa Finamex, S.A. Bursatil de C.V. (Finamex) to its FIX connectivity network.

BofA Merrill Lynch Enhances Algo Suite

Thu, 10 Sep 2009 09:22:06 EDT

Bank of America Merrill Lynch has announced several enhancements to its algorithmic trading suite aimed at execution and performance improvements.

Barclays Launches Enhanced FX Algo Trading

Wed, 9 Sep 2009 12:10:24 EDT

Barclays Capital has launched its PowerFill+ suite of online foreign exchange tools available on the BARX electronic trading platform.

Bloomberg Tradebook Modifies Algorithms for Japan’s Special Quote Days

Wed, 9 Sep 2009 10:10:21 EDT

Tradebook adjusted algos so they can participate in SQ Days which coincide with expiration of stock index futures and options and vollume spikes.

NYSE Technologies Brings SFTI to Asia

Wed, 9 Sep 2009 09:48:30 EDT

NYSE Technologies has announced plans to expand the services of its Secure Financial Transaction Infrastructure (SFTI) to Asia for improved connectivity to NYSE Liffe.

Chi-X Canada Increases Capacity

Wed, 9 Sep 2009 09:35:43 EDT

Chi-X Canada ATS Limited has increased the capacity of its trading platform by about 500 percent to handle 175,000 messages per second with full redundancy. The system previously had a capacity of about 30,000 messages per second.

Chi-Tech Selects FTEN's Risk Controls for Pan-European Trading Service

Tue, 8 Sep 2009 11:15:05 EDT

Chi-Tech integrates FTEN into MarketPrizm offering to provide risk management as hi-fi trading grows in Europe.

Credit Agricole Enhances Pairs Trading

Tue, 8 Sep 2009 11:03:12 EDT

Credit Agricole Cheuvreaux North America enhanced its Pan-European pairs trading desk by adding algorithms for North American markets.

TradeStation to Offer COT Data

Tue, 8 Sep 2009 10:16:01 EDT

TradeStation has announced it will now offer clients integrated Commitments of Traders (COT) data at no additional cost for use in analyzing futures markets and creating, back-testing and executing futures trading strategies.

QUOTE MTF Began Trading with 10 French Stocks

Tue, 8 Sep 2009 09:51:40 EDT

The latest European MTF is promoting a "no-frills business model" with its headquarters in Hungary.

Citi Launches Russian FX Platform

Fri, 4 Sep 2009 10:21:58 EDT

Citi has launched a new electronic execution platform called CitiFX Pulse in Russia.

PhaseCapital Passes on Sponsored Access In Favor of DMA

Thu, 3 Sep 2009 16:30:04 EDT

Buy-side high-frequency trading firm taps Lime Brokerage for colocation, access to markets and data, with Goldman Sachs as prime broker.

HFT is Market Making Evolved, Says NYSE Exec

Thu, 3 Sep 2009 14:05:05 EDT

As spreads tighten and automation has taken over the trading world, the market maker has evolved to meet the new landscape and high frequency trading has resulted, according to Joseph Mecane, Executive Vice President and Chief Administrative Officer for U.S. Markets at NYSE Euronext.

ICE CDS Clearing Houses Reached $2.2 Trillion In Notional Value

Thu, 3 Sep 2009 10:34:25 EDT

BNP Paribas was approved as the 13th clearing member of ICE Trust U.S.

Neonet Builds Out Sales and Trading Team

Thu, 3 Sep 2009 09:30:04 EDT

Neonet, a provider of global agency brokerage and trading technology, has appointed two senior executives to lead its global sales and trading team.

Transparency: The Rx for What Ails Market Structure

Thu, 3 Sep 2009 08:45:04 EDT

If we don't do something to shine a light on market practices, such as high-frequency trading and flash orders, and prove their value, many may just get regulated out of existence.

Linedata and OMGEO Form Alliance

Thu, 3 Sep 2009 08:33:05 EDT

Partnership aimed at providing real time access to Omgeo CTM Through Longview

Northern Trust Introduces Capital Call Modeling Tool

Thu, 3 Sep 2009 08:20:51 EDT

Northern Trust has introduced a reporting service that can help investors in private equity funds anticipate cash flow requirements in the short and medium term, improving their ability to manage the liquidity challenges institutional investors face when presented with sudden demands for capital funding.

SEC Summary: Madoff Intimidated Examiners

Wed, 2 Sep 2009 16:46:46 EDT

The Executive Summary of SEC Inspector General David Kotz's internal report on the agency's failings to uncover the Madoff fraud has been released, describing in detail the investigative shortcomings in each of six complaints received by the SEC starting in June of 1992.

DTCC Provides Further Market Transparency on OTC Credit Derivatives

Wed, 2 Sep 2009 10:36:39 EDT

This expansion will allow market participants, regulators and the public to gain greater perspectives on trends and changes in the values of these instruments.

DTCC Names Former Lehman CIO to CTO Post

Wed, 2 Sep 2009 10:14:15 EDT

Bridget O'Connor, formerly chief Information Officer and Global Head for Business Continuity for Lehman Brothers Holding, brings global experience to critical infrastructure role.

Progress Apama Connects to ICE

Wed, 2 Sep 2009 10:03:44 EDT

In an effort to build out the commodities trading capabilities available via the Progress Apama platform, Progress Software announced new connectivity to the IntercontinentalExchange (ICE).

SEC Internal Report on Madoff Could Be Out This Week

Wed, 2 Sep 2009 09:51:03 EDT

According to reports, SEC Inspector General David Kotz has sent his report detailing the Bernie Madoff Ponzi scheme and how the agency failed to detect the massive fraud to Chairman Mary Schapiro.

ConvergEx Launches New Grey Order Type

Wed, 2 Sep 2009 09:27:52 EDT

ConvergEx has launched its redesigned TactEx "grey" order type which passively pegs the displayed market while simultaneously layering orders into selected dark pools as volume increases.

Naked Access Attracts High-Frequency Traders, Gets Regulators’ Attention

Wed, 2 Sep 2009 07:30:03 EDT

Broker-sponsored -- and more specifically, naked -- access to exchanges could pose systemic risk to the financial system, and regulators are taking notice.

Derivix Strikes Strategic Alliance with ConvergEx's LiquidPoint

Tue, 1 Sep 2009 09:07:22 EDT

Options analytics provider will offer institutions access to LiquidPoint's derivatives execution and routing technologies.

FinAnalytica Releases Enhanced Risk Analytics Platform

Tue, 1 Sep 2009 09:06:37 EDT

FinAnalytica has released Version 3.0 of its Cognity risk management and portfolio allocation platform.

GFI Group and Quick Corp. Collaborate on FX Options Data

Mon, 31 Aug 2009 10:59:18 EDT

GFI Group Inc. and QUICK Corp. of Japan have extended their long-standing relationship whereby GFI's FX Options market data is made available to QUICK terminal users in Japan.

Boston Financial Data Services Names Three to Board

Mon, 31 Aug 2009 10:01:47 EDT

Boston Financial Data Services has appointed three new members to its board of directors — Robert Kaplan, Alison Quirk and Robert Tritt.

Boston Options Exchange Eliminates Make or Take Pricing

Fri, 28 Aug 2009 10:37:04 EDT

The Boston Options Exchange ("BOX") will eliminate Make or Take pricing on all Penny Pilot Classes effective September 1, pending regulatory approval.

Chi-X Europe Allows Participants the Opportunity to Trade at No Cost

Fri, 28 Aug 2009 08:40:18 EDT

New pricing tariff reduction across all markets enhances the economic benefits available to Chi-X Europe trading participants by increasing opportunities to take advantage of Chi-X Europe's proven pan-European liquidity and benefit from potential price improvement, now at an even lower tariff.

New Book Delves Into the World of Quant Trading

Thu, 27 Aug 2009 10:24:56 EDT

In a new book on quantitative trading strategies, entitled, "Inside the Black Box: The Simple Truth About Quantitative Trading," Rishi Narang, founding principal of Telesis Capital, seeks to explain with real-world examples and anecdotes what it is exactly that quants do.

Hedge Funds Hiring Again

Thu, 27 Aug 2009 10:07:27 EDT

Hedge fund and trading desks are picking up talent dislodged during the credit crisis.

Former Citi Electronic Trading Head to Join Morgan Stanley

Thu, 27 Aug 2009 09:55:21 EDT

According to reports, Richard Evans, formerly head of electronic trading at Citi, will be joining Morgan Stanley to head up its automated execution business in the European equity markets.

NYSE Euronext to Acquire NYFIX for $144 million

Thu, 27 Aug 2009 09:45:39 EDT

NYSE Technologies will integrate the FIX software business and NYFIX Marketplace, but explore alternatives for Millennium dark pool.

HFT Does Not Create Volatility, Says Buy Sider

Wed, 26 Aug 2009 10:32:35 EDT

The high frequency trading debate is reaching new heights with Delaware Senator Ted Kaufman this week calling on the SEC to review "questionable" developments in the markets - including high frequency trading, dark pools and flash orders - but one industry expert goes to bat for high frequency trading.

Instinet Agrees to Acquire Derivatives Trading Tech Company

Wed, 26 Aug 2009 10:17:08 EDT

Acquisition will significantly enhance Instinet's derivatives trading capability

Swiss Firm Enhances Fund of Fund Software

Wed, 26 Aug 2009 09:53:45 EDT

Infonic AG Releases Version 4.3 of HedgeSphere Software that includes Risk Analysis, FX Hedging and Fee Calculations

Pricing Partners, ActiveEon Team Up for High Performance Valuation Solution

Wed, 26 Aug 2009 09:18:26 EDT

Pricing Partners has established a technology partnership with ActiveEon to provide an ultra rapid solution for the valuation of derivative products.

High Frequency Trading and the Evolution of Liquidity in US Equity Markets

Tue, 25 Aug 2009 16:31:10 EDT

While some regulatory action regarding flash orders may be needed to maintain the integrity of our price discovery process, the size discovery process must be dealt with separately.

Corvil Releases Market Data Quality Analysis for HFT

Tue, 25 Aug 2009 09:28:17 EDT

Corvil has launched new capabilities in its CorvilNet latency management system, including market data quality analysis integrated with network microburst analytics in new customized live dashboards.

Deutsche Borse Group Selects IBM High Speed Messaging Technology

Tue, 25 Aug 2009 09:06:07 EDT

International Securities Exchange will be the first to migrate its options exchagne to the new common infrastructure.

Camper Appointed Gov Affairs Head at NYSE Euronext

Mon, 24 Aug 2009 10:36:19 EDT

Clarke Dryden Camper has been appointed senior vice president, head of government affairs and public advocacy at NYSE Euronext.

Barclays Capital Launches Barclays Capital Live

Mon, 24 Aug 2009 10:18:26 EDT

Online portal provides enhanced analytics, research and trading

Morgan Stanley Hiring Up to 400 Sales, Trading Positions

Fri, 21 Aug 2009 15:34:23 EDT

According to reports, Morgan Stanley has plans to hire as many as 400 traders and salespeople to bulk up its trading operations this year.

Liffe to Waive Options-Trading Fees

Fri, 21 Aug 2009 10:30:04 EDT

In an effort to boost trading and attract customers, Liffe, NYSE Euronext's derivatives market, will waive exchange fees for certain short-term interest-rate options contracts.

BM&F Bovespa Approves Cedro Market & Finances as DMA Provider

Thu, 20 Aug 2009 11:27:59 EDT

Permits investors to access the exchange's electronic trading platform without transmitting data through the broker's network.

Buy Side Trader Shares His Use of HFT

Thu, 20 Aug 2009 10:43:25 EDT

Eric Karpman, CEO of Trading Strategy Group and Luxoft Trading Solutions, discusses how he uses high frequency trading at his boutique asset management firm.

Eze OMS, MarketAxess Platform Integrated

Thu, 20 Aug 2009 09:48:27 EDT

ConvergEx announced that Eze Castle Software's Eze OMS has been integrated with MarketAxess, a fixed income trading platform.