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?
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.
Money manager B. Robert Williamson Jr., the nephew of Wall Street investment guru Julian Robertson, was found dead on Sunday in North Carolina, in water surrounding an island.
The execution management system provider said its latest TCA offering is designed to be used for multiple asset classes, including FX, to help traders control costs in a fragmented environment.
Is it Time to Tweak, Keep or Scrap Reg NMS?May 16, 2013The emphasis on speed, order protection, and technology that Regulation NMS brought to U.S. equities is analyzed in an indepth report by Tabb Group, which says it's time to debate the rule's effectiveness.
Options Market Structure: Is it Getting Too Complex?March 20, 2013With the number of U.S. options exchanges soon to be 12 by the end of the year, experts are concerned about complexity, fragmentation and rising technology costs amid lower volumes.
U.S. Arbitrators Order Deutsche Bank and Ex-Adviser to Pay $934,000February 14, 2013U.S. securities arbitrators ordered
Deutsche Bank Securities Inc to pay a couple and their trusts a
total of $934,000 after a onetime adviser allegedly swindled
them in a multimillion-dollar insurance deal.
Lew Faces Grilling on Citigroup at US Senate HearingFebruary 13, 2013The top Republican lawmaker
vetting Jack Lew to serve as the U.S. treasury secretary on
Wednesday zeroed in on the nominee's work as an executive at
Citigroup as a possible conflict of interest for a job that
would make him the nation's chief financial reg
U.S. Banks' Commodities Revenue Drops by a Third - ConsultantFebruary 05, 2013Commodities revenue at top U.S.
banks tumbled by a third in the fourth quarter as tougher
regulation curbed activity amid lacklustre markets and sluggish
demand for hedging, consultancy Tricumen said on Tuesday.
SEC taps Capitol Police Inspector General as Top WatchdogJanuary 25, 2013The U.S. Securities and
Exchange Commission has selected a criminal investigator as the
agency's new top internal watchdog, a hire that comes just one
day after President Barack Obama tapped a former criminal
prosecutor to chair the SEC.
Investors Swarm into Stock ETFs Amid "Fiscal Cliff" Hopes—LipperNovember 30, 2012Investors in U.S.-based
funds have pumped the most new money into stock exchange-traded
funds since mid-September, while adding to bond funds amid
growing optimism U.S. lawmakers will avoid the looming "fiscal
cliff" of tax hikes and spending cuts.
Da
ConvergEx Launches Portfolio AlgoOctober 19, 2011 ConvergEx is offering Spectrum, a new algo, to help portfolio managers precisely manage risk and cash balances, while executing in domestic dark venues.
Standard & Poor's is Bearish on the U.S. Political SystemAugust 08, 2011In downgrading the United States' top tier credit rating for the first time ever, Standard & Poor's has taken a bearish position on the nation's political system.
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.
Deutsche Bank To Report SuperX ATS Data April 25, 2011Plans to supply average volumes and trade sizes to independent research firms Rosenblatt Securities and TABB Group.
Credit Suisse Brings U.S. Cash Treasuries to Onyx PlatformNovember 10, 2010Credit Suisse announced traders can now deal cash U.S. Treasuries on the Onyx trading platform, a move it said gives clients access to liquidity that was once only available to the largest dealers.
Dow Jones Launches Venture Capital IndexOctober 29, 2010Dow Jones announced the launch of a new index designed to track changes in the market value of companies that are backed by U.S. venture capital firms.
ACTIV Financial Delivers Top of PHLX Options Plus OrdersOctober 05, 2010ACTIV is the first external data provider to deliver the Nasdaq OMX PHLX premium feed from one of the largest options exchanges, said the company's CEO.
