Brokerage

Here are the two Mentor of the Year Award recipients for Traders Magazine's inaugural "Wall Street Women: A Celebration of Excellence." An independent advisory committee of women chose the winners from nominations by the industry. The 16 awards will be presented on Nov. 10 at the New York Academy of Sciences.

The U.S. Supreme Court is now the last resort for Goldman Sachs and the clearing industry. That's what securities attorneys were saying after the U.S. Court of Appeals for the Second Circuit upheld a $20 million arbitration award.

Using a clearinghouse to process over-the-counter derivatives transactions can pose credit risks that won't become apparent until after a trade.

Expansion to support clients located in the Southeast and comes on the heels of company's recent acquisition of another leading TCA provider.

DataVault Innovations will be a consolidation and distribution point for Canadian over-the-counter (OTC) bond and derivatives data, which will be available directly to end-users as well as third-party distributors.

Potamus Trading seeks to dramatically lower execution costs and generate alpha for its clients trading strategies by combining high-frequency execution with mid- and low-frequency institutional orders.

Russell Investments begins the process of rebalancing its indexes at the end of next month, and the industry is already starting to wonder if this year’s rebalance will see increased speculative activity, or if the impending Volcker rule will mean less liquidity coming from proprietary trading desks.

Small-capitalization stocks tend to be less liquid than their larger peers, which traditionally has made them difficult to trade using algorithms. A new Goldman Sachs algo, however, is designed specifically to find liquidity in smaller names.

Institutional broker BTIG celebrated its annual commissions for charities day this Tuesday by raising about $4 million for various charities.

Financial firms should foster an experience that is “simultaneously tech-forward and human-centric.