Some Clearing Firms Found New Business Last Year
Numerous clearing brokerages have been dying over the past few years, but for some, 2010 was a good year, according to a new study by LaRoche Research Partners, titled "U.S. Broker-Dealer Clearing Relationship Changes."
Knight Uses Its Size to Thwart HFTs
Knight Capital Group has revamped technology used by its institutional customers to help them steer clear of high-frequency traders.
Instinet Is Taking Control on Options
Instinet, citing both customer quality issues and possible savings, has been clearing its own options trades for several months, dispensing with a third-party broker.
Education of a Block Trader
Joe Scafidi is a former sellside pro who moved to the buyside and is applying the skills learned previously in his career to Brandes Investment Partners' trading desk.
Gleacher Dumps Equities
Calling it “an underperforming, non-core asset,” the boutique investment bank closed its equities operation on Monday, making redundant 62 traders, analysts and salespeople.
Commentary: Caveat Trader
In an ever more competitive marketplace, a trader is unwittingly putting his order at a major disadvantage if he's not using his algo properly. Garrett Nenner, in a guest commentary asks what is the end result of using these algos? Trading made easy? Or further marginalization of a trader's skill set?
U.S.-Debt Downgrade Led to Record Instinet Volume in Asia
Instinet said its Asia trading business achieved record volume in the week that began with worldwide reaction to the first-ever downgrade of U.S. debt.
EGE Adds Vet For Merchant Banking Push
PMG Capital's Daniel Kinsella has joined Emerging Growth Equities, an investment banking and institutional trading boutique firm, as managing director of capital markets.
New Prop Trader Test Deadline Nears
Market makers, proprietary traders and floor brokers only have a few weeks left to take and pass the Series 56 exam, otherwise known as the "Proprietary Traders Qualification Exam," or see their trading careers come to an abrupt halt.
Data Provider Says ‘Brace Yourselves, Volatility Will Be a Permanent Fixture’
Last week's surge in volatility was no fluke, but part of a permanent trend toward faster moving markets, according to one firm that provides investors with economic data.
