Brokerage

President Daniel J. Crowley declined comment, when asked late Wednesday afternoon by Traders Magazine about a series of departures by equities traders at the Greenwich firm and whether Rochdale had reached any agreements with investors to put in fresh capital.

Aim is to reduce securities lending fails and leverage automation and real-time coverage.

Bank of America Merrill Lynch will now offer institutional options traders the ability to pay for research and other services through client commission arrangements--CCAs.

Michael Lewiss book on high-frequency trading provoked an uproar on Wall Street about market fairness and resonated with more than two-thirds of U.S. financial-industry participants. In Europe, however, the skeptics are fewer and their disbelief in the system less intense, a ConvergEx Group LLC survey found.

IPOs, what IPOs? There aren't any and few are in the wings. Thats the outlook and state of the initial public offering calendar so far, according to Triad Securities research.

It looks like another tough year for securities traders as year-end bonuses for fixed-income and equities employees are set to fall by as much as 30 percent from last year, according to revised estimates from a New York-based compensation consulting firm.

Regulator aims to better enable investors to evaluate public companies’ cybersecurity practices.

Barclays will sell the indexing business built upon former Lehman Brothers benchmarks to Bloomberg for a reported $781 million.

In the wake of regulatory concern over disruptive trading practices, an industry group today will debate the need for a set of guidelines covering risk management in electronic trading.

Legent Clearing, another small mom-and-pop clearing broker recently sold, is going to "dramatically" increase its clientele, the new owners promise. They expect to double the correspondent base over the next year.