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.
High-Frequency Trading Targeted in EU Deal, Lawmaker Says
European Parliament lawmakers have reached a draft deal with national governments on high-frequency trading curbs as part of a push to toughen the blocs financial market rulebook, said the chief legislator working on the plans.
Buyside and Sellside Set to Increase Usage of Cloud-Based Services
The capital markets are set to increase investment in cloud services, continuing the trend of technology adoption in the industry, according to new research from Ovum.
SLIDESHOW: Bloomberg Tradebook Raises $1 Million for Charities
Agency-only broker Bloomberg Tradebook raised more than $1 million in gross trading commissions during its recent second annual Charity Day.
Industry Wary of Single Trading Platform for All Asset Classes
Despite a growing trend of electronic trading in asset classes other than equities, industry officials are divided over the need for a single trading platform to trade multiple asset classes.
E*Trade Sells Market Making Unit to Susquehanna for $75 Million
E*Trade Financial Corp. agreed to sell a market-making business that had been the subject of a regulatory inquiry to Susquehanna International Group LLP for $75 million.
TRADERS ON THE MOVE: BTIG Grabs ConvergEx Crew for Program Desk
ETF wars heat up with BTIG move. Also, see which industry veteran trades the city for the suburbs. Plus, see which sales traders are finding jobs in Chicago.
B. Riley Builds Up New York Trading Desk
Los Angeles-based regional brokerage B. Riley is taking a bigger bite out of the Big Apple.In a bid to take advantage of the growing pool of available trading talent and get exposure to the area's plethora of money managers, the firm is beefing up its New York City trading desk.
FX REPORT: Barclays, Citigroup FX Trader Messages Said to Be Examined
An instant-message group involving senior traders at banks including Barclays Plc, Citigroup Inc. and Royal Bank of Scotland Group Plc is being scrutinized by regulators investigating potential manipulation of the foreign- exchange market, four people with knowledge of the probe said.
EMS Moving from Front Office and Into the Cloud, Says Woodbine
Execution Management Systems are moving away from their bulge broker roots and are increasingly offered by various independent vendors. Traders are also becoming more comfortable with hosted and cloud-based EMSs rather than those hard-wired into their desktop
