Firms are discovering there is a strong business need for accurate real-time positional data across their organizations. Sapient's Duncan Cooper says access to such data would maximize investment opportunities and ensure that a firm can be fully invested. For some, an Investment Book of Records (IBOR) addresses that need.
The brokerage agreed to pay a settlement of $150 million for defrauding customers, according to the SEC.
I-bankers could receive payouts that are close to flat compared with 2012, while traders and salespeople could get cuts of 2 percent.
See who joined the ever-expanding institutional department at Axiom Capital Management. Also, see which quantitative trading firms are hiring. Plus, another sales trader heads to retail.
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.
Wall Street's finest women were formally recognized by their peers on Nov. 6, as 190 industry executives, family, friends and past honorees celebrated the group's outstanding contributions and achievements.
Thornburg Investment Management's head of equity trading keeps a keen eye out for bumps in the road-like HFT, algorithms and dark pools.
Traders Magazine remembers Tom Steinert-Threlkeld, the former editor of SourceMedia's Traders Magazine and editorial director of the media company's Money Management Group who died. The world has lost a great journalist and even greater man.
Fort Lauderdale-based hedge fund Olympian Group is opening a new office away in the Big Apple, looking for yield and clients.
Women in trading have made their imprint on an industry that has not always been female-friendly. This issue features 15 award-winning women who have placed their mark of success upon the Street-and as a result, are being honored for their accomplishments.
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