Rising Through the Ranks
Look out, Credit Suisse. Barclays is closing in on U.S. dark pool supremacy. Simply put, Barclays' LX dark pool is now the second largest in the United States, behind only Credit Suisse's longtime leader, Crossfinder.
Block Trading, In Your Hand
The New York Stock Exchange is taking the wraps off a five-month-old system that allows floor traders to effect crosses in blocks of 10,000 shares or more, using electronic broking devices.
Liquidnet To Trade Private Shares
Liquidnet told Traders Magazine last month that the platform it has been working on for more than a year to allow trading of shares between privately held companies and institutional investors is now "substantially complete."
One-Touch Is the Future, Exec Says
The institutional equities business is moving to a one-touch coverage model, but the buyside's participation is optional. That's the message Brian Fagen, Deutsche Bank's head of North American execution services, sent to attendees at last month's TradeTech conference in New York, according to conference-goers.
Index Up, Volume Down
The Dow Jones Industrial Average may be up 1,343.15, or 10.2 percent, for the year and at an all-time record. But overall trading in equities is down.
Academy Hires Two Sales Traders, Starts Buyback Group
Academy Securities is bulking up.The broker-dealer and disabled veterans enterprise has hired four new professionals, including two equity sales traders and two former New York Stock Exchange pros to build its corporate buyback team.
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.
SEC Division Turns to Data Geeks
After a rocky few years of flash crashes, trading glitches and botched IPOs, the Securities and Exchange Commission may finally be making headway in its battle with the streaming reams of disparate and diffused electronic data that define the modern U.S. securities trading markets.
SEC Pushes Anti-Glitch Regulation
The Securities and Exchange Commission has proposed new rules designed to protect against the kinds of technical disruptions that plagued stock exchanges last year.
