Brokerage

Trade association expresses concern about firms' ability to protect sensitive information.

As part of the agreement, Jefferies eFX, the firms electronic client trading platform, joins the EcoSystem, with FX market making in over 50 instruments.

With the addition of Yuanta Futures (HK), SGXs derivatives market now has 64 Trading Members and 25 Clearing Members.

The international broker has expanded its exchange trading offering. Using the multi-asset platform, traders can invest in securities of global corporations, such as Allianz, BMW, Bayer, Siemens, Heineken and Royal Dutch Shell.

Interactive Brokers, best known as a discount retail shop, is making a big push into the prime brokerage business.The drive started slowly last April with the establishment of a prime brokerage division to service hedge funds.

Sales traders' roles have changed. Brokerages are asking them to do more of the trading. With this, their functions have melded more with those of position traders.By executing trades, as well as monitoring them, the sales trader's job has become more complicated. In the process, position traders are sometimes stepping in and providing assistance.

Theres no way to sugar coat it - trader bonuses were down in 2018. Yet as an industry, Wall Street did well for itself last year, according to the latest report and estimates from New York State Comptroller Thomas P. DiNapoli.

Now everyone works for a commercial bank. In the past, whenever a commercial bank took over a hard charging, risk-taking, entrepreneurial investment bank, its traders complained bitterly about stifling bureaucracy and overly cautious overlords. Many departed for other firms. Others stayed and grumbled.

On a day that saw more share volume than any other in the history of Wall Street, traders showed a cool hand yesterday while working in incredibly volatile markets.Unprecedented news about Lehman Brothers, Merrill Lynch and AIG, followed by uncertainty over the fate of Morgan Stanley, has led to exploding volumes and wild price swings all week.And though volumes have been rising--13.6 billion shares traded on Monday, 15.8 billion on Tuesday and 16 billion on Wednesday--on Thursday more than 18.6 billion shares changed hands, according to the latest BATS Trading market volume summary.

Hudson Securities, which built its business as a wholesaler, is looking to make inroads into the institutional agency trading space.