Brokerage

Block trading firm JonesTrading announced today and effective immediately that Alan Hill is the firm's new chief executive officer.

UBS AG fixed a loophole that former trader Kweku Adoboli allegedly used to conceal unauthorized transactions by giving them long-term settlement dates, the bank’s risk officer said at a London criminal trial.

The service enables true spread optimization for the buy side and brokerage communities.

SIS solutions include clearing and settlement, account record keeping, tax and regulatory reporting.

Regulator eyes the digital engagement practices of brokerage firms and RIAs.

Total monthly volume in cleared equity derivatives was 807.3 million contracts.

In a move to augment its agency execution business, Investment Technology Group (ITG) is now offering an independent research product to its institutional clients.

Industry group recommends being technology-neutral and prioritizing the regulation of market activities, not tools.

Citadel Securities, the trading firm started by Ken Griffin, owns one of the 38 accounts frozen by Chinese exchanges as authorities investigate whether algorithmic traders are disrupting the nations stock market

Knight Capital Group, which recently expanded its global program trading effort, is eyeing an expansion into the capital commitment game and moving in the direction of the blind-risk business. After launching a global program trading business in April, the next step will be moving out along the risk curve with regard to committing capital, said Jenkins Marshall, a managing director at Knight who co-heads the new division.