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.
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.
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.
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.
Goldman, Two Sigma Gain Share in Wholesaling
Two Sigma Securities, an affiliate of money manager Two Sigma Investments, and Goldman Sachs have boosted their shares of the retail order flow pie among brokers’ brokers in the past year, according to data aggregated by Thomson Transaction Analytics.
Wall Street $ (1985-2012): Bonuses Up, Total Pay Down
You may think your bonus is inadequate for what you do. But, compared to your predecessors, even your reduced bonus is handsome. And total pay, while down, is holding up pretty well, as well, according to statistics compiled by state and federal agencies.
ITG Launches Global Commission Management System
ITG has built a new system that offers the buyside a one-stop portal to manage their commission payments across the globe and across asset classes.
TRADERS ON THE MOVE: Malin Back at Nasdaq
Robert Malin rejoined Nasdaq OMX Group as assistant vice president of its newly formed Nasdaq Private Market, a joint venture with Sharespost. Plus, moves that matter at CRT Capital, Instinet and elsewhere.
