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.
As brokers debate the economics of execution management systems, Barclays and Citi have quit the EMS game. Meanwhile, Goldman Sachs goes broker-neutral and Morgan Stanley decideds to fly solo.
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.
Advanced Trading takes you on an exclusive tour of Abel Noser’s New York trading floor, where the agency broker known for transaction cost analysis, is customizing algorithms for the buy side, while growing its fixed income trading and transitions business.
ConvergEx to Sell OMS/EMS Platforms to TPG CapitalJanuary 23, 2013The brokerage firm signed a definitive agreement to sell its popular software business consisting mainly of Eze Castle Software and RealTick to a private equity firm, TPG Capital, which will "create two optimal businesses," the company said.
ConvergEx Looking to Sell Eze Castle OMS, RealTick EMS: ReportSeptember 11, 2012The institutional brokerage could fetch up to $1 billion by selling both platforms, although it's unclear how much demand there will be for RealTick given the trading slowdown, according to Traders Magazine.
Nasdaq OMX Hires Head of U.S.Equities July 12, 2011Appoints Michel Finzi, previously with ConvergEx RealTick, to drive product development in U.S. equities and other asset classes.
RealTick Adds Bofa Merrill’s Pairs Trading Algo to Its PlatformSeptember 13, 2010RealTick, a multi-broker, cross-asset electronic trading platform, announced it added Bank of America Merrill Lynch’s newly released algorithm for U.S. equity pairs trading to its system.
RealTick Takes Aim at Latin American Market With Bulltick PartnershipJune 14, 2010RealTick, a multi-broker, cross-asset electronic trading platform, has added Bulltick Capital Markets’ direct to market and algorithmic trading capabilities for major Latin American and U.S. markets to its service.
RealTick, Jefferies Expand Algo CapabilitiesMay 12, 2010RealTick has expanded its relationship with Jefferies & Company to include execution of U.S. equity Paris trades as well as international equities with new algorithms from Jefferies.
RealTick Enhances Options Functionality April 21, 2010RealTick has expanded its options functionality with advanced execution capabilities and tools for trading in European, Asian and U.S. markets.
RealTick Adds Knight Algos, Liquidity March 18, 2010RealTick has added expanded access to Knight Capital's algorithms and liquidity through Knight Direct.
Townsend Releases RealTick UpgradeJanuary 14, 2009Townsend Analytics announced the latest release of it RealTick execution management system (EMS), version 9.1.
Multibroker Execution Platforms Slowly Gaining AdoptionJuly 27, 2007Customers seem to want open execution platforms, but multibroker execution platforms still fail to attain widespread adoption. Fortunately, we are starting to see the multibroker platform pushing forward.
