Brokerage

Here are this month's Editor's Picks for the best and most newsworthy stories covered by Traders Magazine online news. These stories appear in abbreviated form. To read full length items, please visit our wesbite at www.tradersmagazine.com.

Societe Generale SAs Gian Luca Fetta, global head of foreign exchange, is among bankers leaving the firm amid an overhaul of its markets unit, according to people with knowledge of the review.

Block trading venue Liquidnet has hired Rob Laible as its new head of the Global Performance Team, while Hedge Fund Cares promotes two as its new regional co-heads in the New York metropolitan area.

Exchange executives said that the public feed is naturally slower and that those wanting their data faster expect to pay up.

The mandate for exchange operators and regulators in 2013 will be to find ways to calm markets and make sure they operate reliably, even under abnormal conditions. And little wonder: The failure of the BATS IPO, the flubbing of the Facebook IPO, Knight Capital's runaway algorithm and the two-day shutdown of markets forced by Mother Nature ensure that a repeat string of disruptions will not be healthy.

New CEO is undertaking a broad review of the bank's corporate strategy.

The brokerage hired Daniel Howell as a director with a simple mandate: spearhead the transition groups growth and provide direction to the companys existing staff.

The abrupt closure of Bernard L. Madoff Investment Securities on Friday left some of its retail broker-dealer customers with losses and proved a windfall for the wholesaler's competitors.

Aim is to provide expanded data and analytics to the municipal bond issuer community.

Two Sigma Securities, the broker-dealer unit of the quantitative hedge fund Two Sigma Investments, and Goldman Sachs are starting to win customers away from established wholesalers. Both firms have seen their shares of retail brokerage orders grow since last August.