Algo Vendor Sees Opportunity in Trading
Deep Value, a Chicago-based vendor of equity algorithms, is expanding beyond both its equity and vendor roots with a plan to start trading credit products, currencies, and interest rate products.
Wall Street Women Awards Winner: Clare Fraser – Rising Star
Read about Clare Fraser, managing director, strategy, Omgeo, one of the 2013 winners of the Women on Wall Street Industry Rising Star Award. Fraser says dont judge a book by its cover-or an opportunity by its location. Even if it requires traveling halfway around the world.
Wall Street Women Awards Winner: Jennica Ross – Rising Star
Read about Jennica Ross, director of strategic relationships, WallachBeth Capital, one of the 2013 winners of the Women on Wall Street Rising Star Award. To fully understand the business of trading, one must be able to see the whole picture clearly, else risk missing something, Ross says.
Citigroup Pushes Pilot for Bigger Ticks
Following recent comments by Securities and Exchange Commission Chair Mary Jo White about a pilot program allowing larger trading increments for smaller stocks, one of the industry's largest market-making firms is promoting a tick-size plan of its own.
Braking HFT
Should one group of traders have a speed advantage over another? Many in the industry say 'no' as they blame high-frequency traders for the market's ills
Order Routing Squabble
Money managers' interest in eliminating exchange rebates is meeting resistance from exchanges, brokers and regulators. At a recent industry conference, industry representatives balked at the idea of a pilot program that could drastically reduce rebates or replace maker-taker pricing altogether with a charge on both sides of a trade.
Instinet Builds Out Cash Desk
Agency-only broker adds high-touch staff and broadens trading desk offerings after completing Nomura absorption.
Trailblazers
Women in trading have made their imprint on an industry that has not always been female-friendly. This issue features 15 award-winning women who have placed their mark of success upon the Street-and as a result, are being honored for their accomplishments.
Wall Street Women Awards Winner: Nathalie Texier-Guillot – Trailblazer of the Year
Read about Nathalie Texier-Guillot, head of equity and hybrid derivative solutions sales, Citi, one of the 2013 winners of the Women on Wall Street Industry Trailblazer of the Year Award. Texier-Guillot knows setting an example for young women to follow means pushing onward and upward through the unique challenges facing women-such as motherhood.
Avoid the Algo Risk Disaster of Everbright Securities
The Chinese Brokerage roiled the markets in mid-August and the punishment was swift and severe. Here are some risk mitigation lessons to protect your trading desk.
