Traders On The Move
Read about recent hires and promotions in the equities trading world as Wall Street pros make that move, right now.
Orc Stalls in Face of Volcker Rule’s Impact on Prop Trading
Despite a relatively frothy options market, proprietary traders are not scooping up trading systems the way they used to. That's because the details of the so-called Volcker rule, designed to curtail banks' speculative trading, are still being hammered out.
TickAnalyst Adds Human Touch to Electronic Trading
Greed may or may not be good, but it's certainly relevant when making trading decisions. That's according to Titan Trading Analytics, a New York prop shop that is selling a new kind of pattern-recognition software.
FlexTrade Will Offer Two OMSs to Brokers
FlexTrade, an execution management system vendor, purchased Citigroup's sellside OMS ColorPalette earlier this week. FlexTrade will market its new OMS alongside its FlexOMS, giving it two products to offer clients.
Commentary: Money Market Reform
Run prevention at money market funds will require the holy trinity of banking regulation -- capital requirements, deposit insurance, federal support and, if necessary, seizure of failed institutions.
Minimum Quote Life Faces Hurdles
It's only an idea now, but there is widespread discussion in the equities markets about instituting a rule to require exchanges to freeze quotes or orders for a minimum amount of time, also known as "time-in-force." But implementation of any such notion into a rule seems a long way off and faces many hurdles.
BMO Bulks Up to Establish U.S. Beachhead
Looking to raise its profile in U.S. equities, Canadian-based BMO Capital Markets has expanded its research and trading departments with the addition of almost two dozen hires.
Commentary: ERISA’s Fiduciary Standard Is Applied to Broker-Dealers
Section 913 of the Dodd-Frank Wall Street Reform and Consumer Protection Act authorized the SEC to adopt rules that would impose the fiduciary standards of the Investment Advisers Act of 1940 on broker-dealers that provide personalized advice to retail customers. So far, the SEC has not yet promulgated any such proposal as it has a lot on its plate already,
Relationships Carry Weight in Washington Research Group Sale
The deal that sent public policy experts Washington Research Group to MF Global was the work of two former Citi execs and shows that strong relationships in the trading industry still carry weight.
