Brokerage

Read about recent hires and promotions in the equities trading world as Wall Street pros make that move, right now.

How has Sylvia Rocco, a sales trader at Bank of America Merrill Lynch, managed to cover accounts for 40 years, all at the same firm? She chalks up her longevity to her love of the business, the thrill of competition, loyalty, a willingness to keep learning and flexibility. "I love what I do so much," Rocco said. "I'm having so much fun now, more than ever." Indeed, Rocco has witnessed the evolution of an industry-from the rise of institutional trading to the electronic trading revolution.

The marketwide circuit breakers in place since the 1987 crash may be getting an updating.

Jamil Nazarali and Matt Cushman, two former Knight Capital Group executives, will join Citadel in September to lead a new effort in quantitative trading at the $11 billion hedge fund. Nazarali spent 11 years at Knight, where he ran its electronic trading business globally....

Large broker-dealers that operate dark pools spoke out against the idea of imposing onerous new rules on their activities at last week's TradeTech USA conference.

Market makers, proprietary traders and floor brokers only have a few weeks left to take and pass the Series 56 exam, otherwise known as the "Proprietary Traders Qualification Exam," or see their careers come to an abrupt halt.

Here are recent hires and promotions in the equities and derivatives trading world as Wall Street pros make that move, right now.The new hires join firms such as Deutsche Bank, Liquidnet and others.

Redline Trading Solutions, a provider of high-speed trading products for high-frequency traders, was chosen by Goldman Sachs as the national best bid and offer data provider for matching trades in the broker's Sigma X dark pool.

Citi is preparing to offer a second option to its Citi Match dark pool, building a new alternative trading system called Citi Cross to be opened before the end of this year.

As buyside traders hit the send button, they can take comfort in the fact that their orders are flying out at the speed of light. But to where? To an exchange? A dark pool? How many venues does that order hit before it actually gets filled? And more importantly, who sees the order, and is there leakage of information that could negatively affect the price of the stock for the buyside?