Hillary Clinton is proposing a tax on the flash boys that may be unlike any in the world.
Commission recapture, despite predictions of its imminent decline, is growing at one of the top firms involved in the practice. At agency brokerage BNY ConvergEx Group, 279 new plan sponsor clients entered into its commission recapture programs in 2006, according to the firm. That's up from 217 in 2005, a 29 percent increase. That's also a record high for BNY ConvergEx's LJR Recapture Services since Lynch Jones and Ryan became part of what is now…
The service mitigates FX settlement risk, enhances liquidity management, and provides balance sheet benefits for banks.
The useof Commission Sharing Agreements and Client Commission Agreements, otherwise known as "soft dollar" arrangements, benefit institutional investors and brokers who uses them more than the underlying investor, according to a report from Woodbine Associates.
In a reversal of fortune for Wall Street banks that have invested heavily in equities trading, clients flocked back to bonds last quarter and left stocks behind.
Chicago Board Options Exchange chairman and chief executive officer Bill Brodsky and president and chief operating officer Ed Tilly broke bread with the New York City press corps recently in order to update the scribes on the exchange operator's initiatives. Reporters learned that a quarter of CBOE's volume came from proprietary products, specifically its index options, but over half its profits.
The collaboration enables BNP Paribas to leverage GTS trading and technology capabilities to provide clients with deeper liquidity, tighter spreads and improved pricing in the US stock markets.