TD’s Nagy Starts New Firm
Although he expected to take three months off and enjoy the summer before starting his new firm in the fall, Christopher Nagy has gotten right back to work in his new digs at KOR Trading.
Wedbush Looks to Put Buyside on Par with HFTs
Wedbush Securities is courting hedge funds, long-only firms, registered investment advisors and other buyside traders to use the company's new hyper-fast electronic trading infrastructure.
PIMCO’s Eyes Fixed on ETFs
You know a market has arrived when the big kids start to play, and it became obvious that fixed-income exchange-traded funds were around to stay when the don of bonds—PIMCO—jumped into the game.
Merlin Conjures Up ETF Tool
Prime broker Merlin Securities is offering hedge funds a new tool to help them see the components underlying exchange-traded funds, so traders can get a complete picture of their positions.
Portware Buys Aritas Tech Assets
As part of the wind-down of Aritas Group, formerly known as Pipeline Trading, execution management system provider Portware has bought certain Aritas technology assets.
Nasdaq’s Facebook Remedy Called “Underwhelming at Best”
Market participants continued to bash Nasdaq OMX Thursday over the exchange operator's botched handling of the Facebook IPO, even as its chief executive continued to unveil further details of a $40 million plan for addressing the debacle.
Traders Face Futureshock Over Big Data
As the quantity of data for trading grows exponentially, it is creating challenges for the industry and its regulators. Computing experts descended upon the Times Center in New York City this week to discuss some of the issues caused by the explosion of data in the financial markets.
June Cover: Foreign Exchange Borrows Trading Technology Advances from Equities
During a two-week stretch beginning in late April, three separate vendors announced the rollout of equities-style transaction-cost measurement products for foreign currency trading. What's behind this trend?
Wells Fargo Expanding Custody and Clearing
Wells Fargo Securities is buying the prime brokerage services of Merlin Securities, which includes its custody and clearing services. They are part of Merlin Securities' MerlinSharp and MerlinPrime services. They also provide operational support and securities trading.
Get More Out of What You Have, Study Says
Like the rest of the brokerage industry, many clearing brokers often are not properly using the book of business they have. They are not trying to find out how they can become advisers to their correspondents and more effectively manage their relationships.
