Friday, March 29, 2024

Leverage is Good

Leverage is Good
Despite the leveraging power and greater returns it potentially provides, portfolio margining has exited the gate at a trot, although Wall Street pros anticipate its pace will build to a steady gallop before long. Portfolio margining represents the biggest change to margin rules since the Securities Exchange Act of 1934, many say.

Short Sale Rule Catching Long List of Stocks

Short Sale Rule Catching Long List of Stocks
The Securities and Exchange Commission's new short sale rule has triggered circuit breakers for an unexpectedly large number of stocks, forcing broker dealers to make extra sure they are in compliance with the agency's regulations on shorting, according to Michael O'Conor, director of management consulting for Jordan & Jordan.

Equities.com Launches Unlimited Retail Trading Via Tradier Brokerage

Equities.com Launches Unlimited Retail Trading Via Tradier Brokerage
Equities.com, a financial media and investor community, and Tradier Brokerage Inc., a brokerage service, announced the launch of unlimited trading on the Equities.com platform via Tradier Brokerage Inc.

OpenDoor Brings Continuous Order Book for Illiquid Treasuries

OpenDoor Brings Continuous Order Book for Illiquid Treasuries
State Street Global Markets to act as a riskless principal counterparty for all-to-all platform.

Goldman Sachs Partner Pool Loses 22 Members as New Class Joins

Goldman Sachs Partner Pool Loses 22 Members as New Class Joins
Twenty-two Goldman Sachs Group Inc. partners left the firm or gave up its highest rank since August, including Jim Katzman, a banker who guided Botox maker Allergan Inc.s $66 billion sale to Actavis Plc.

Goldman Automates Block Trades

Goldman Automates Block Trades
Goldman Sachs has made available a tool that allows its clients to tap into its trading system and trade blocks electronically. The technology is part of a broader platform called Marquee, according to Reuters, which first reported the news.

One Year After Flash Boys, Investors Remain Suspicious of HFT

One Year After Flash Boys, Investors Remain Suspicious of HFT
The Convergex survey found that 57 percent of financial industry participants feel markets are unfair - down from 70 percent last year.

NYSE Brokers Create Block Platform

NYSE Brokers Create Block Platform
Mahogany Partners, a consortium of floor brokerages on the New York Stock Exchange, would like to reclaim blocks for the mid-tier firms that once made their living executing primarily large trades at the Big Board.

WallachBeth Adds Three Sales Trading Pros

WallachBeth Adds Three Sales Trading Pros
Institutional broker-dealer WallachBeth Capital has brought onboard three new sales traders that will focus on equities and equities derivatives trading.
Traders Feature

SS&C Announces Blue Prism Intelligent Automation Platform

SS&C Announces Blue Prism Intelligent Automation Platform
The platform combines RPA, BPM, AI and No-code offerings.

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