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