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.
Clearing Standards Lag Trading Standards
After years of technology breakthroughs, it is now taking just milliseconds to trade, but improvements in settling a trade have not kept up. Given the potential of another financial crisis, that could pose settlement and operational risks.
Liquidnet Takes Top Honors in Global Broker Survey
Abel/Noser Solutions, an affiliate of the agency brokerage, ranked the major institutional brokerages in three world regions as well as globally. Liquidnet took top honors in both North American trading and globally.
TRADERS ON THE MOVE: Canadian Brokers Staff Up in the US
Canadian brokers are hiring in the US. Also, see which long time Guzman trader jumped ship. Plus, see which traders are switching careers.
Joyce Leaving Knight After Steering Firm From Meltdown to Merger
(Bloomberg) -- Thomas Joyce, who built Knight Capital Group Inc. into one of the biggest U.S. market making firms only to see it driven to the brink of bankruptcy and then into a suitor’s arms, is leaving the company.
Liquidity Managers
During a lunch with a bulge firm, Traders Magazine discussed a range of topics, but perhaps the most pertinent was the changing nature of the buyside-sellside relationship during these slumping times.
White Glove Service
For Lionel Mellul, the second time around opening a U.S. trading desk will hopefully prove the charm. The former co-founder and chief executive of now-defunct Momentum Trading Partners is looking to carve out a niche for himself by offering white-glove, high-touch service to a select clientele.
Flexing Their Mathematical Muscles
Two Sigma Securities is entering the wholesaling business. The firm is leveraging the technology infrastructure and trading expertise of its buyside parent, Two Sigma Investments, and is making inroads into the business of filling orders for retail brokerages with firm capital.
Taking Control of the Process
Traditional asset managers are growing more comfortable with foreign-exchange trading, and while many are dealing directly over the phone with large banks to facilitate their FX trading, some are crafting their own forex trades on electronic platforms.
Buyside Wants Algo Clarity
The buyside is looking for even more insight and control over its algorithms.
