Inside Trading

Flash Is Dimming at Direct Edge

Flash trading is fading away at Direct Edge and that's a good thing, according to the ECN, which last year endured heavy criticism over its flash trading program.

Knight Elects to Go Self-Clearing

After nearly a decade of internal debate, Knight Capital Group has taken the plunge and begun self-clearing.

C2 Will Combine Market Models

The Chicago Board Options Exchange is offering details about the operation of its new options exchange, C2.

Weisel Partners to Add Sponsored Access

Thomas Weisel Partners expects to offer filtered sponsored access for high-frequency trading clients during the first quarter of 2010.

High-Frequency Debate Continues

Two recent studies address fears traders have about high-frequency trading, relating to pattern recognition and adverse selection.

ConvergEx Goes Deal-Happy

ConvergEx's recently completed $5 million cash purchase of NYFIX U.S. Transaction Services highlights a flurry of deals for the agency brokerage. After two years of silence, ConvergEx bought three businesses during a six-week period this past autumn.

A Trader's Perspective on Compensation

John Daley, a managing director in the institutional equity trading department at Stifel, Nicolaus & Co. and a governor of the Security Traders Association, has been in the business for nearly two decades. At the STA's annual convention this year, the veteran bolstered the troops with his take on the tough times now facing stock traders.

Bonuses Up Sharply for Traders

Most sellside traders at all levels should see their bonuses rise this season. The caveat, though, is that the composition of those bonuses will change. Stock will make up a greater portion, while cash is expected to diminish.

NYSE Brokers Create Block Platform

Mahogany Partners, a consortium of floor brokerages on the New York Stock Exchange, would like to reclaim blocks for the mid-tier firms that once made their living executing primarily large trades at the Big Board.

Outflow of Sales Traders Slows

The great migration is over. The movement of sales traders from bulge bracket firms to regional brokerages, boutiques and execution-only shops is on the wane.

Tackling Regulation and Markets

A Fordham University conference last month addressed ethics on Wall Street, and how regulations continue to shape global markets.

NYSE Eyes 'Algos Gone Wild'

NYSE Regulation, the regulatory arm of NYSE Euronext, is stepping up its scrutiny of brokerages' algorithm development, marketing and supervision processes.

McCann Readies Next Big Trade

Robert McCann, longtime trading honcho turned wealth management executive, has settled his differences with his former firm and appears ready to continue his career in retail brokerage.

Firm Sees Bright Future on Floor

They say communication is the key to a successful relationship. At Cuttone & Co., an institutional brokerage with one of the largest staffs on the floor of the New York Stock Exchange, that old maxim is gospel.

NYSE Amex to Trade Nasdaq Stocks

NYSE Amex will soon be trading all Nasdaq-listed stocks.