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?
Traders Magazine Online News
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. Itís 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 firmís 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.
March 6, 2014 – ETF participants yanked $1.5 billion from fixed income yesterday, pushing withdrawals over the past five days to $7.3 billion.
March 6, 2014 – Smartphones and tablets are winning the hearts and minds of traders but the death of the traditional desktop is far off, according to Greenwich Associates.
March 6, 2014 – The Treasury official nominated by President Obama to be chairman of the Commodity Futures Trading Commission has drawn skepticism about his views on regulation and how heíd run the agency.
March 6, 2014 – Investors have sought to hedge their assets in Russia as they gauge whether the worst standoff between Moscow and the West since the end of the Cold War will escalate.
March 5, 2014 – Commissions may be down 19 percent but the buyside is adapting to address the gaps with the sellside, according to a new report by Tabb Group.
March 5, 2014 – After serving inside Goldman's for 16 years. Gaglioti will step down and become an advisory director, according to a memo from trading co-heads Pablo Salame, Isabelle Ealet and Ashok Varadhan.
March 5, 2014 – Wall Streetís Class of 2013 is being poached earlier than usual by hedge funds and private-equity firms, showing that the biggest banks must do more to keep their most ambitious employees.
March 4, 2014 – According to news reports, Sateesh starts trading for HHC in April and will report to Hang-Bae Lee.
March 4, 2014 – Led by founder Alexander Klikoff, Fintan farms out money to fixed-income hedge funds.
March 4, 2014 – The footage, played yesterday in federal court in Manhattan, was intended to show the ease with which Madoff could lie to perpetuate his Ponzi scheme.