Traders at money management shops are worried about a decline in the quality of the services they receive from their brokers as they dole out less in commissions, according to a recent report from Tabb Group.
Intercontinental Exchange Inc., owner of the New York Stock Exchange and some of the worlds biggest derivatives markets, is setting up a clash with customers with its plan to generate income by licensing patents and boosting market-data fees.
The State Street Global Exchange Private Equity Index (GXPEI) ended 2016 with a moderate quarterly performance, posting an overall gain of 2.58 percent in the fourth quarter, a slight decrease from the 3.8 percent return in Q3 2016.
This continuation of Traders Magazine's October cover story examines how the importance of exchange-traded funds is growing as their assets continue to soar. Bank of New York Mellon has predicted that ETF assets will double to $2 trillion by the end of 2015.
Atlanta-based IFS Securities hires Daniel Padilla as its new head of institutional equity trading and a former SEC deputy director moves to the private sector. See the other notable career moves in this week's Traders On the Move.
Block trading venue Liquidnet announced its acquisition of OTAS Technologies - an analytics platform that delivers actionable market intelligence and context directly to institutional traders and portfolio managers.