Axiom Capital Looks to Grow Institutional Side
Axiom Capital Management, Inc., a small New York City retail brokerage with a successful investment banking arm, is expanding its institutional trading operations, adding three veteran traders and planning several more hires, company executives said.
Active Stock ETFs Move Closer to Market After Long Delay at SEC
Companies seeking to push exchange- traded funds into the almost $6 trillion U.S. market for actively managed stock funds are starting to gain traction with regulators after a long delay.
TRADERS ON THE MOVE: Ebb and Flow at Macquarie
Macquarie Capital loses one; gains two. Also, find out which veterans have switched firms. Finally, see which veteran has switched careers.
Post-Trade Confirmation Available via FIX
The buyside and sellside can now confirm their equity trades via the FIX protocol.
Wall Street Leaders to Meet With Obama as Budget Crisis Looms
The chief executives of large banks including Goldman Sachs Group Inc. will meet with President Barack Obama this week as Wall Street urges Congress to end the budget stalemate in Washington.
Macquarie Hires ex-Knight Exec as Head of U.S. Electronic Execution
Macquarie Group Ltd., the Australian financial services firm, hired former Knight Capital Group Inc. executive Brandon Krieg as head of electronic execution in the U.S. to help expand its business.
KCG Close to $12M Settlement for 2012 Trading Glitch
KCG, the new company formed by the merger of Knight Capital Group and Getco LLC, is reportedly close to a multi-million dollar settlement with the Securities and Exchange Commission over the August 2012 trading glitch.
IEX Completes Finra Registration, Eyes Oct. 25 Launch Date
IEX, a buyside-owned dark pool targeting the sellside, has completed its Finra registration process and eyeing a launch date of October 25.
NYSE Said to Join Nasdaq Weighing Plan to Collaborate on Backups
NYSE Euronext and Nasdaq OMX Group Inc., ordered by regulators to make U.S. equity markets more reliable, are considering improvements that include acting as each other's backups on data feeds that disseminate prices, according to two people briefed on the matter.
HFT Dilemma: Front Running Meets Transparency
Just days after New York Attorney General Eric Schneiderman warned of special prosecution against high-frequency traders who use data to trade before the rest of the market, reports have emerged that traders appear to have benefitted mere milliseconds after last week's Federal Reserve "Tapering" announcement.
