Wednesday, January 20, 2021

Citi Rolls Out New Pairs Algo

Citi Rolls Out New Pairs Algo
Citi has introduced a new algorithm for pairs trading, allowing equity traders to execute market neutral strategies by simultaneously buying and selling highly correlated securities.

Cantor Fitzgerald Names Second Head of Equities Trading

Cantor Fitzgerald Names Second Head of Equities Trading
Cantor Fitzgerald & Co. said it hired Charles Sweeney as a managing director and co-head of its U.S. equity trading division.

Coleman Takes Reins at Getco

Coleman Takes Reins at Getco
Getco today named former UBS veteran Daniel Coleman as the market maker's new chief executive officer.

Cover Story: Full Disclosure

Cover Story: Full Disclosure
As buyside traders hit the send button, they can take comfort in the fact that their orders are flying out at the speed of light. But to where? To an exchange? A dark pool? How many venues does that order hit before it actually gets filled? And more importantly, who sees the order, and is there leakage of information that could negatively affect the price of the stock for the buyside?

2011 Women on Wall Street Winners

2011 Women on Wall Street Winners
Here are the two Mentor of the Year Award recipients for Traders Magazine's inaugural "Wall Street Women: A Celebration of Excellence." An independent advisory committee of women chose the winners from nominations by the industry. The 16 awards will be presented on Nov. 10 at the New York Academy of Sciences.

Matt Levine’s Money Stuff: Seating Plans and Asset Classes

Matt Levine’s Money Stuff: Seating Plans and Asset Classes
What was good in 2015? Sorry, the answer is nothing. In fact, if you judge the past year by which U.S. investment class generated the largest return, a case can be made it was the worst for asset-allocating bulls in almost 80 years.

HFT Can be Useful but Extract Tolls from Investors, Univ of Md Professor

HFT Can be Useful but Extract Tolls from Investors, Univ of Md Professor
High-frequency traders are OK - according to a professor at the University of Maryland.

Flow Traders Said to Prepare IPO of Dutch High-Frequency Firm

Flow Traders Said to Prepare IPO of Dutch High-Frequency Firm
High-frequency trading firm Flow Traders BV is preparing for an initial public offering that could value the company at more than 1 billion euros ($1.13 billion), people with knowledge of the matter said.

Twitter IPO as Economical as Its Tweets With 27% Discount

Twitter IPO as Economical as Its Tweets With 27% Discount
Twitter is seeking a valuation of 9.5 times 2014 sales in its IPO next month, according to data released in a filing with the Securities and Exchange Commission yesterday and analyst projections compiled by Bloomberg.

Regulations Continue To Prop Up HFTs

Regulations Continue To Prop Up HFTs
Though the high-frequency trading business has become less profitable with the volume downturn, HFTs will remain an important part of the landscape as they continue to take advantage of an uncertain regulatory environment, according to experts speaking at SunGard’s New York City Day on Monday.In a panel discussion entitled “Sell-side brokers: Leveling the playing field against high-frequency traders,” brokers, vendors and HFTs agreed that the recent decline in high-frequency trading is unlikely to be permanent.

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