Traders Magazine Online News

Colt's Hutchinson Says US Firms Should Follow Europe's MiFID II Preparations

In a conversation with Traders Magazine, Colt Technology Services' Julie Hutchinson discussed the widespread ramifications of MiFID II on European securities trading. She also said that while only a Euro-centric regulation, US firms should take heed and prepare - soon.

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Plato Partnership and LiquidMetrix to Research Block Trade Performance

Plato Partnership,a not-for-profit company, announced its intention to enter into a cooperation agreement with LiquidMetrix, to research, design and implement a stronger methodology for assessing block trade performance.

ITG Set to Offer Conditional Orders for POSIT Alert in Europe

POSIT Alert clients who choose to enable this new unctionality will have the option to interact with sell-side conditional orders, providing the opportunity to execute in the POSIT MTF against block liquidity from participating institutional brokers.

ON THE MOVE: Greifeld to Join Virtu Board While Susi Exits KCG

In this week's On The Move, there are more changes at BTIG as the firm hired a quartet of traders for its fixed income desk. Also, more happenings at KCG, JP Morgan and Virtu while Dash Financial lands a new CFO.

MiFID II Trade Reporting: The 60 Second Challenge

The introduction of near real-time trade reporting set to be extended beyond equity markets as part of MiFID II will broaden the visibility of trading activity in listed and OTC instruments. But guest columnist Richard Bentley shares exclusively with Traders Magazine just how can market participants bolster post-trade capabilities and prepare for the 2018 deadline?

Dodd-Frank Redo Would Limit SEC Access to Source Code

A new Republican proposal to overhaul the Dodd-Frank Act would severely limit the SEC's ability to gain unrestricted access to trading system's software and codes.

Research Pricing Vexes Sell Side

MiFID II's research unbundling requirement has left the sell side scratching its head in how to price its research for its buy-side clients.

ON THE MOVE: DB, JPM, Triad Land Senior Execs

In this week's On The Move, multiple moves on the sell-side dominate the week with several senior level trading executives finding new homes. There were also a few moves on the buy-side and at the OCC.

More Courters For KCG?

Virtu Financial has decided not to up its bid for KCG. So, just what's next?

NRI Automates Post-Trade Operations with New Robotic Process Automation Technology

Nomura Research Institute, Ltd.(NRI) announced NRI’s Prime Settlement Service (PSS), Japan’s first utility service for investment banks, will incorporate Robotic Process Automation (RPA) to automate manual processes for post-trade operations.

CEO CHAT: Drexel Hamilton’s Cahill Says Hiring Vets is Moral Imperative

In a sit down interview with Traders Magazine, Drexel Hamilton's CEO James Cahill said that helping veterans – not just with charity but with a real tangible job – is society’s moral imperative that yields astounding results.

ON THE MOVE: Citadel Grabs Luparello and Moves Nazarali; Moves at KeyBanc, ITG Too

In this week's On The Move, there are multiple moves at Citadel as well as at ITG and KeyBanc too. Also, EBS hired a new FX professional and Nomura landed a head of wholesale and global markets.

Next Steps in Bond Trading: All-to-All Matching Catching on?

In this contributed article, FlexTrade's Ivy Schmerken reviews the merits of corporate bond trading platforms in the electronic age.

Equity Collateral Rule Change Hinges on SEC Appointments

A potential US rule change which could allow equities as an acceptable form of collateral is being considered by the SEC, market participants heard this week, although the outcome could be affected by personnel changes at the securities regulator.

Trading Rises With Clearing

Margin requirements for non-cleared derivatives have boosted clearing.

ON THE MOVE: Yeh Rejoins Citadel; Weisberger Lands at ViableMkts

In this week's On The Move, there were several moves around the sell-side as well as new board members at the Options Clearing Corp.