Friday, March 29, 2024

SLIDESHOW: Top Wall Street Trading Books

SLIDESHOW: Top Wall Street Trading Books
Traders Magazine offers up its recommendations for some books that focus on trading.

Knight Revenue Cut in Half in 2012, Loss Exceeds $500M

Knight Revenue Cut in Half in 2012, Loss Exceeds $500M
Knight Capital saw its revenue plunge by half in 2012 and its loss for the year exceed the $457 million it paid out for a flood of erroneous orders it sent out on August 1. The market maker is being acquired by GETCO, another market maker, which also saw its profits fall 90 percent last year.

TRADERS ON THE MOVE: Credit Suisses Mathisson Said Departing, DB Hires Global Equities Head

TRADERS ON THE MOVE: Credit Suisses Mathisson Said Departing, DB Hires Global Equities Head
In this week's Traders On the Move, Credit Suisse says goodbye to one of its brightest trading stars - Dan Mathisson, Deutsche Bank announces it has hired a new global equities head and Quantitative Brokers grabbed a trading executive. All this and more, right here and right now.

Instinet Builds Out Cash Trading Desk

Instinet Builds Out Cash Trading Desk
Agency-only brokerage Instinet recently completed the build-out of a cash or "high-touch" trading desk in the U.S. to complement its other trading desks.

On the Move

On the Move
Scott Harrison joins Liquidnet as global head of product and will be responsible for overseeing and expanding the company's product offerings. Based in New York, he will report directly to Liquidnet chief executive and founder Seth Merrin. Prior to joining Liquidnet, Harrison was the chief executive of agency brokerage UNX.

Europe Greenlights Cooperation on Transaction Tax

Europe Greenlights Cooperation on Transaction Tax
The European Union is encouraging France, Germany, Italy and seven other nations to cooperate on the creation of a financial transaction tax.

Sponsored Access Comes of Age

Sponsored Access Comes of Age
A new sponsored access regime is on the way. This will change the relationships between some broker-dealers and their high-frequency customers.

Investors Brace for More Volatility Next Year

Investors Brace for More Volatility Next Year
The vast majority of market participants are expecting another volatile year in 2012. However, they also have an appetite for continued risk, according to a recent survey by Information Management Network.

US Settlement Cycle Myth-Buster

US Settlement Cycle Myth-Buster
DTCC's Michele Hillery sets the record straight on 4 settlement misconceptions.
Traders Feature

Equity Swaps: The Acceleration to Automation

Equity Swaps: The Acceleration to Automation
Longstanding settlement risk issues need to be ironed out, Traiana's Ryan Spencer writes.

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