Tuesday, November 29, 2022

Knight Capital’s Latest Loss

Knight Capital’s Latest Loss
Knight Capital Group, in the process of being bought by GETCO, recently shuttered its correspondent clearing division and laid off a few dozen of its employees, including its head, Steve Sadoff, according to industry sources

Darkness at High Noon

Darkness at High Noon
Investment Technology Group is banishing broker algorithms from POSIT. Liquidnet is suing ITG for patent infringement. All of a sudden, the once-quiet backwater of anonymous electronic crossing is getting nasty. What gives?

Wall Street $ (1985-2012): Bonuses Up, Total Pay Down

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.

Pay Up for Stock Traders This Year, Report

Pay Up for Stock Traders This Year, Report
In its mid-year report, executive search firm Options Group noted that stock traders can expect a 14 percent rise in their compensation from last year.

Wall Street More Profitable in 2018 but Trader Pay Down

Wall Street More Profitable in 2018 but Trader Pay Down
Theres no way to sugar coat it - trader bonuses were down in 2018. Yet as an industry, Wall Street did well for itself last year, according to the latest report and estimates from New York State Comptroller Thomas P. DiNapoli.

Voyager Digital Completes Buy of Broker-Dealer

Voyager Digital Completes Buy of Broker-Dealer
The FINRA-registered BD will now operate as a wholly-owned subsidiary of Voyager.

Cboe Adjusts Trading Hours

Cboe Adjusts Trading Hours
Exchange group is seeking to extend the close time cutoff on BZX by four minutes.

Market Automation Lowers Costs for Retail Investors: MMI

Market Automation Lowers Costs for Retail Investors: MMI
Modern Markets Initiative CEO Kirsten Wegner spoke with Traders Magazine.

DTCC Launches Enhanced Access to Money Markets Data

DTCC Launches Enhanced Access to Money Markets Data
Industry utility seeks to increase transparency amid volatility that has impacted money markets in 2020.

Turning Warriors into Wall Street Traders

Turning Warriors into Wall Street Traders
It is the moral imperative of the Unites States and Wall Street to help its returning combat veterans. And there is no better place than Wall Street to turn its warriors into career Wall Streeters, one exec says.

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