Peak6 Sells its NYSE Floor Brokerage
Chicago’s Peak6 Investments sold its New York Stock Exchange floor brokerage MND Partners to TJM Investments, a Chicago agency brokerage.
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.
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.
On The Move
Who's moving on the Street in equities and derivatives? Traders Magazine's OTM--On the Move --brings that info right here.
Citi Unveils Market Open Algo
Citi is providing buyside traders an algorithm designed to help them trade at the market opening and during the first 15 minutes of trading.
Merrill Lynch is Top Equities Trading Broker, Greenwich Says
Bank of America Merrill Lynch ranked first among the top U.S. equities trading houses in an annual survey conducted by Greenwich Associates. The win comes against a backdrop of declining commissions and retrenchment across the Street.
