Thursday, May 2, 2024

E*Trade Sells Market Making Unit to Susquehanna for $75 Million

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.

SLIDESHOW: Bloomberg Tradebook Raises $1 Million for Charities

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.

TRADERS ON THE MOVE: BTIG Grabs ConvergEx Crew for Program Desk

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

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

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

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

Knight Capital Agrees to $12 Million Settlement for 2012 Errors

Knight Capital Agrees to $12 Million Settlement for 2012 Errors
Securities regulators fined Knight Capital Americas LLC $12 million for the trading malfunction that roiled the U.S. stock market in August 2012, saying the firm ignored dozens of error messages before its computers bombarded exchanges with millions of unintended orders.

2013 Wall Street Women Award Winners Announced

2013 Wall Street Women Award Winners Announced
Trading is and always has been a man's world. But there are exceptions to every rule. Women in trading have made their imprint on an industry that has not always been female-friendly. Welcome to Traders Magazine's Wall Street Women Awards. Join us in congratulating these 15 award-winning women who have placed their mark of success upon the Street-and as a result, are being honored for their accomplishments.

Algo Vendor To Move Into Risk-Taking

Algo Vendor To Move Into Risk-Taking
Deep Value, a Chicago-based vendor of equity algorithms, is expanding beyond both its equity and vendor roots to start trading credit products, currencies, and interest rate products.

Bloomberg Tradebook Trades for Charity Thursday

Bloomberg Tradebook Trades for Charity Thursday
Agency-only broker Bloomberg Tradebook will be hosting its second annual charity day where it will donate a day's equity trading commissions to philanthropic causes.

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