The total volume of shares that traded in dark pools in February dropped only 1 percent compared to the 2 percent slide in trading on the public venues, according to Tabb Group's February Equity Liquidity Matrix data.
Wall Street Access announced that it has acquired a majority interest in RJL Capital Group, LLC, a New York-based provider of prime brokerage and trading services.
Electronic trading rule addresses the risk of a DCM trading platform experiencing a market disruption or system anomaly.
Wall Street pros, if nothing else, are always in search of an edge. Whether it's money managers looking to boost their returns for investors or brokers seeking to offer new or better services to their clients, the Street has always been a hotbed of innovation and competition.
Looking for that elusive block trade but want to go through a bulge bracket broker? Then J.P. Morgan might have something for the buyside - a new algorithm designed to seek out blocks of stock and get a large order done.
For Lionel Mellul, the second time around opening a U.S. trading desk will hopefully prove the charm. The former co-founder and chief executive of now-defunct Momentum Trading Partners is looking to carve out a niche for himself by offering white-glove, high-touch service to a select clientele.
The former chairman of the Securities and Exchange Commission was recently named to the board of Morgan Stanley.