Upgraded ITG Algo Does More of the Buysider’s Work for Him
ITG has recently introduced more real-time functionality into its implementation shortfall algorithm, designed for buysiders who trade portfolios. The latest version of the software adjusts its execution strategy in real-time as the market changes.
Goldman Sells Majority Stake in REDI to Consortium
The Goldman Sachs Group today announced the sale of a majority equity interest in REDI, a provider of electronic trading tools.
Q&A: UBS and Hyannis Port Research Predict the Spread of Low Latency Trading
Traders Magazine sat down with Matt Senecal, of UBS, and Tony Amicangioli, of Hyannis Port Research, to discuss the future of low latency trading.
Tusar Lands at KCG Holdings
Greg Tusar has landed at KCG Holdings, the company formed by the merger Knight Capital Group and Getco, and will begin working there August 20.
Citigroup 42% Profit Rise Helped By Stock Trading Gains
Citigroup Inc., the third-biggest U.S. bank by assets, posted a 42 percent increase in second- quarter profit that beat analysts' estimates as stock-trading revenue surged and losses on unwanted assets declined.
TRADERS ON THE MOVE: Small Broker-Dealers Get Larger
MKM and Maxim are filling out. Also see which longtime electronic sales executive joined a hyper-fast proprietary trading house. Plus, check out the promotions at Sungard's brokerage unit.
Cowen Puts BEST Algo Forward
Cowen and Company is making available a new service that marries technology that predicts the price of a given stock in the very short term with technology that switches between several algorithms.
Newedge Fined $9.5 Million for Failure to Supervise Equity Trading
Newedge USA LLC, the brokerage co-owned by Credit Agricole SA and Societe Generale SA, was fined $9.5 million by regulators and exchanges for breaking rules including a failure to supervise equity trading by clients.
Two Sigma Securities Blasts Ahead in Wholesaling
Leveraging the technology infrastructure and trading expertise of its buyside parent, Two Sigma Securities is making inroads into the business of filling orders for retail brokerages with firm capital.
Buyside Wants Algo Clarity
Make electronic trading easier to understand!That's what buyside wants from the sellside when it comes to algorithms, according to a new report.
