Weeden Branches Out
With commissions in decline on the cash equities side of the business, Weeden & Co. has assembled a team of four options professionals in order to tap into what is often a distinct commission pool. In doing so, Weeden joins a growing list of small and mid-sized institutional brokers hiring options pros.
Lava Flows Into N.J.
LavaFlow ECN is moving its primary data and trading systems to Equinix's NY4 co-location facility in Secaucus, N.J., from lower Manhattan.
Deutsche Eyes Next Move in U.S. Equities
Drive for five. That's Deutsche Bank's ambition for U.S. equities, to leapfrog into the highest echelon of brokers and be among the top five firms, according to Andre Crawford-Brunt, global head of equity trading at the firm.
Cyborg Opens Up
Cyborg Trading Systems has opened up its soup-to-nuts trading platform known as Cloud Trader to developers interested in building their own trading strategies, or algorithms, and running them through Cyborg's automation framework.
Prop Shop Startups Face Challenges
Many former prop traders who have started their own shops are having difficulty raising the critical mass of capital necessary to keep up with increased costs for running a firm today.
ITG Launches Retail Router
ITG on Tuesday announced the launch of a new router designed specifically for retail broker-dealers. The router had been in beta testing for about two months.
Raymond James Expands With Electronic Offering
Raymond James is building out an electronic equity trading business and is rolling out new algorithms so clients have another means to pay for research. The firm has also added several new sales traders to its desk to further compliment its electronic tools.
Weeden Bets on Options
With commissions in decline on the cash equities side of the business, Weeden & Co. has assembled a team of four options professionals in order to tap into what is often a distinct commission pool. In doing so, Weeden joins a growing list of small and mid-sized institutional brokers hiring options pros.
BATS’ Chi-X Europe COO Leaves for Morgan Stanley
Paul O'Donnell, chief operating officer for BATS Chi-X Europe, announced today that he's departing the firm to join Morgan Stanley.A press release said he was leaving for personal reasons.
Facebook Fizzle Dims Hopes for IPOs
Nasdaq's botched handling of the initial public offering of Facebook is dashing dreams from Wall Street to Washington that the U.S. might finally get more companies to go public--and with that, create more jobs.
