Tuesday, November 29, 2022

How Wall Street Can Get the Post-Pandemic Hybrid Working Model Right

How Wall Street Can Get the Post-Pandemic Hybrid Working Model Right
More flexibility and remote working is here to stay, Lab49's Kenan Maciel writes.

BofA Merrill Adds to Electronic Sales Team

BofA Merrill Adds to Electronic Sales Team
Rod Burns has joined Bank of America Merrill Lynch as a director on the electronic trading sales team, according to a memo obtained by Traders Magazine.

Cracks Open in Dark Pool Defense With Schneiderman Barclays Suit

Cracks Open in Dark Pool Defense With Schneiderman Barclays Suit
Last October, managers told an employee in Barclays Plcs trading unit to keep from clients a report showing the bank routed most of their dark pool orders to itself, according to the New York attorney general.

Market Participants Support Shorter Settlement Cycle

Market Participants Support Shorter Settlement Cycle
A Citi survey shows market participants believe that shorter settlement cycles will become reality.

New Era for Nomura and Instinet

New Era for Nomura and Instinet
The parachuting of two Nomura executives into Instinet signals the beginning of a new era for both firms.

State Street Teams With MFS to Open Its First Active Stock ETFs

State Street Teams With MFS to Open Its First Active Stock ETFs
State Street Corp., the second- biggest provider of exchange-traded funds, plans to introduce its first actively managed stock ETFs in partnership with MFS Investment Management.

Agency Brokerage Evolves

Agency Brokerage Evolves
Cutting-edge technology and full alignment with client interests are must-haves.

JonesTrading Makes Move into Options

JonesTrading Makes Move into Options
Agency block-trading firm JonesTrading is diving into the crowded field of listed and over-the-counter options.

Buyside Welcomes FINRA Query

Buyside Welcomes FINRA Query
Institutional investors welcome the equities market regulator's probe on broker-dealer order routing methodology.

SEC Warns Brokers on Dark Duties

SEC Warns Brokers on Dark Duties
The Securities and Exchange Commission warned brokers they must ensure they're meeting their best-execution obligations by accessing both displayed and non-displayed liquidity for clients. This reminder comes in light of buyside concern over the fragmentation of non-displayed liquidity. Erik Sirri, director of the SEC's Division of Trading and Markets, said in February, "We look to brokers in general to solve the problem of fragmentation...on behalf of customers."Sirri informed brokers that "blindly following routing strategies that may have worked in the past but no longer fit the current market structure is not an appropriate best-execution approach."

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