Tuesday, February 18, 2020

ITG Gives Clients a Peek at Algo Perfomance

ITG is giving the buyside a peek into how its algorithms are performing. And in real-time.

EMS Moving from Front Office and Into the Cloud, Says Woodbine

Execution Management Systems are moving away from their bulge broker roots and are increasingly offered by various independent vendors. Traders are also becoming more comfortable with hosted and cloud-based EMSs rather than those hard-wired into their desktop

Whither Market Makers?

The question is about roles and responsibilities in stressed markets.

UBS Pushes into Nanoseconds

UBS is now offering its latency-sensitive customers a faster way to access the public markets.

TRADERS ON THE MOVE: Small Broker-Dealers Get Larger

MKM and Maxim are filling out. Also see which longtime electronic sales executive joined a hyper-fast proprietary trading house. Plus, check out the promotions at Sungard's brokerage unit.

FLASHBACK FRIDAY: Becoming a Superpower-GETCO’s Looks to Knight’s Wholesale and Retail Businesses as Keys to Growth

In this week's FLASHBACK FRIDAY lookback, we revisit 2013 when market maker GETCO was looking to drive it business forward in a stagnant commission rate and highly competitive market making environment. In exploring its limited options, GETCO opted to purchase Knight. Seemed a like a good match - but was it?

Don’t Tax the Recovery, Says Nasdaq OMX Chief

A proposed securities transaction tax hurts the recovery, ignores history and will have unintended consequences, Nasdaq OMX chief executive Robert Greifeld said yesterday in his first public comments on the plan.

Wells Fargo Names Co-Heads of Equity Sales and Trading

Wells Fargo Securities announced Wednesday that it has hired two senior executives to help lead its equity sales and trading groups.Patrick Neal joined the firm as co-head of equity sales and Mike Riley has joined as co-head of equity trading

State Street Starts Currency-Hedged ETF to Attract New Money

State Street Corp., which opened the first U.S. exchange-traded fund in 1993, is starting its first currency-hedged ETF, following similar offerings from firms including WisdomTree Investments Inc.

Broker-Neutral REDI EMS Emerges from Goldman Sachs

A new consortium-owned EMS vendor, employing a broker-neutral business model, emerges from Goldman Sachs.