A newly formed trade group claiming to represent the interests of high-speed trading firms is trying to calm fears about HFT practices. Will it work?
March 7, 2014 – By taking control of its commissions and judging the research it receives, the buyside increasingly is using its broker vote to decide which brokers to trade with and how much to pay. Its a whole new competition, and the brokers are eager to please.
March 7, 2014 – Agency-only brokerage and technology firm Instinet has named a new chief executive. On Monday, the firm announced Jonathan Kellner, formerly head of the firms Americas group, has taken over the reins from Fumiki Kondo
March 7, 2014 – Jefferies Group LLC boosted its stake this past week in KCG Holdings Inc. to 20 percent as the investment bank purchased an additional 6 million shares in the market maker it helped rescue in 2012.
March 7, 2014 – FXCM and a subsidiary purchased five trading desks and will take on 48 employees, while the rest of Infinium is being shut.
March 7, 2014 – After entering exclusive talks last month to buy JPMorgan's $3.3 billion commodities unit, Dunand and Jaeggi will probably announce a deal within the next week.
Canada's Omega ATS has opened its second trading venue in the Great White North -Lynx ATS. After receiving final approval and making all the tweaks and getting its trading technology in order, the new venue is officially open for business.
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