Friday, March 29, 2024

RBC Capital Markets New Offering Designed to Stymie HFT

RBC Capital Markets New Offering Designed to Stymie HFT
RBC Capital Markets is rolling out its first new product since hiring a team of high-frequency experts and staff last year. The payoff is a new smart order-routing technology designed to prevent institutional orders from getting beaten to liquidity by rapid-fire traders.

SocGen to Beef Up U.S. Equities and Derivatives Trading

SocGen to Beef Up U.S. Equities and Derivatives Trading
Societe Generale plans to grow its U.S. equities business with a strategy that focuses on its strengths--program trading and derivatives.

Trading Pros Move Into Wholesaling

Trading Pros Move Into Wholesaling
There's a new kid on the wholesale block. Global Liquidity Partners, a small broker-dealer with operations in Chicago and New York, recently entered the business of servicing retail brokers with market making.

New Minority Brokerage Has Native-American Flavor

New Minority Brokerage Has Native-American Flavor
The commission pool may be flat to slightly up in 2011, prognosticators say, but that hasn't stopped a group of American Indians from forming an institutional brokerage and becoming the New York Stock Exchange's first-ever tribal member.

Still Trading After All These Years

Still Trading After All These Years
How has Sylvia Rocco, a sales trader at Bank of America Merrill Lynch, managed to cover accounts for 40 years, all at the same firm? She chalks up her longevity to her love of the business, the thrill of competition, loyalty, a willingness to keep learning and being flexible.

ConvergEx Wins Belzberg’s U.S. Customers

ConvergEx Wins Belzberg’s U.S. Customers
Belzberg Technologies, as part of its upcoming merger, will shutter its U.S. brokerage subsidiaries, Electronic Brokerage Systems and R.C. Sheehan and Associates. Most clients of the two firms will be referred to ConvergEx under an agreement between the Canadian technology vendor and ConvergEx.

Weeden and Pragma Upgrade Onepipe Algo

Weeden and Pragma Upgrade Onepipe Algo
Institutional broker-dealer Weeden & Co. and Pragma, a technology provider, announced upgrades to the Onepipe liquidity aggregation algorithm designed to find block liquidity more efficiently.

JPMorgan Seeks the Bright Lights of Electronic Trading

JPMorgan Seeks the Bright Lights of Electronic Trading
It's time. After a year-long build out of its electronic trading desk and offerings, JPMorgan is ready to go head-to-head with the industry's trading elite with what it believes is a new-and-improved suite of trading products.

Traders On The Move

Traders On The Move
Here are recent hires and promotions in the equities trading world as Wall Street pros make that move, right now.

SIFMA Reiterates Opposition to Latest Call for a Securities Transaction Tax

SIFMA Reiterates Opposition to Latest Call for a Securities Transaction Tax
Another member of Capitol Hill has chosen budget season as the time to call for some form of transaction-based penalty for Wall Street. And a lobbying group for brokers and investors reiterated that such a penalty would end up hurting the wrong people at a critical period of the economy's nascent recovery.

MOST READ

SUBSCRIBE FOR TRADERS MAGAZINE EMAIL UPDATES

[activecampaign form=12]