Tuesday, September 29, 2020

U.S. to Study Effects of MiFID II Research Unbundling

U.S. to Study Effects of MiFID II Research Unbundling
The study will examine the impact of different payment mechanisms on research - including hard and soft dollar arrangements.

Circuit Breakers Get Refreshed

Circuit Breakers Get Refreshed
Exchanges and the Financial Industry Regulatory Authority, under federal guidance, have proposed updated marketwide circuit-breaker parameters.

ITG Launches New OMS/EMS Platform for Hedge Funds

ITG Launches New OMS/EMS Platform for Hedge Funds
Agency-only broker and research broker ITG has announced a new all-encompassing technology platform, which includes new order and execution management systems, targeting hedge funds.

Risk Checks Hit Nano Redline

Risk Checks Hit Nano Redline
Redline Trading Solutions, a provider of high-speed trading products for high-frequency traders, is offering brokers pre-trade risk check software that performs in less than one microsecond.

WJB Capital Executives Charged in Plan to Prop Up Brokerage

WJB Capital Executives Charged in Plan to Prop Up Brokerage
Three former WJB Capital Group Inc. executives were charged with defrauding investors of more than $11 million in a bid to prop up the now-defunct broker-dealer.

Equities Pros Losing Faith in Market

Equities Pros Losing Faith in Market
Don't look now, but even equities market professionals are losing faith in the market structure. Things have gone from bad to worse. Those are the findings of a survey by industry consultancy Tabb Group.

Brokers, Traders Donate to The Kansas City Securities Association Educational Fund

Brokers, Traders Donate to The Kansas City Securities Association Educational Fund
In this Traders Gallery, local brokers from the Kansas City Securities Association contribute to scholarships for local graduates at its annual Spring Outing.

ConvergEx Rolls Out Algo to Tap Pre-Market Liquidity

ConvergEx Rolls Out Algo to Tap Pre-Market Liquidity
ConvergEx is now offering an automated trading option for buysiders who want to trade before the equities mart opens.

BTIG Boosts Equity Trading Desk

BTIG Boosts Equity Trading Desk
BTIG has hired four trading veterans — two sales traders and two equities traders. They are Francis Heine and Joseph Fragala, both sales traders, and Christopher Sula and Phil Dauber, both U.S. equities traders.

Former Buysider Leads Expansion at New Brokerage Firm

Former Buysider Leads Expansion at New Brokerage Firm
Like many small, independent brokerages, Penserra Securities is expanding into new lines of business and adding head count. But what makes this firm's story different from other startups is that it was cofounded by someone from the buyside.

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