Is Rule 606 hopelessly outdated and broken? RegOne's Weisberger examines the regulation and whether or not it is outdated and fails to require disclosure of the vast majority of all routing.
BATS Global Markets just beefed up its exchange trade funds (ETF) business, luring an NYSE executive to join its business.
The market-making startup created by former Bank of America Corp. traders and ex-Knight Capital Group chief Tom Joyce lost its U.S. and Asia heads of trading, according to two people with knowledge of the situation.
In today's Traders On the Move, Cantor Fitzgerald hired a former buysider for its Portfolio Solutions group while UBS has hired two pros to act as co-heads in its equities division. Also, see which Russian broker has beefed up its research group.
Commissioner Scott O'Malia of the Commodity Futures Trading Commission (CFTC) is on a mission. He says the process of writing new over-the-counter derivative contract rules needs more transparency. Over the past year he has repeatedly called for more roundtables and public comment on how rules are written. Why is this important? Because these rules, among other things, will determine which OTC derivative contracts must go through a clearing process and which ones can continue to use the old bilateral, dealer-to-dealer model.
Today's traders must manage their emotions in order to reach peak performance.
Instinet Promotes Kellner to CEO
The Second-Term Mandate: A Q&A with Patrick Armstrong
Traders assembled a deep bench of judges to select the top U.S. universities that produce the most impressive candidates each year in the field of trading.
A look at the financial industry's prominent hires, promotions and other notable happenings inside Wall Street's trading community.