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NYSE and TSE to Merge?

Jan 31, 2007 @ 11:06 AM By Kerry Massaro,

The New York Stock Exchange and the Tokyo Stock Exchange have announced an alliance that could lead to a combination of the two exchanges, but the two markets will have to overcome many differences.

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Cantor Launches Structured Products Group

Jan 31, 2007 @ 10:38 AM By Kerry Massaro,

Cantor Fitzgerald, a leader in the fixed-income market, has launched a structured products group with the hire of two senior executives.

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NEW DATES FOR REG NMS COMPLIANCE

Jan 26, 2007 @ 10:55 AM By Kerry Massaro,

The SEC has postponed the Trading Phase date of Regulation NMS, as well as two other deadlines for the Order Protection and Access Rules.

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NASD/NYSE Regulatory Consolidation Approved

Jan 22, 2007 @ 04:30 PM By Kerry Massaro,

As expected the NASD members approved the regulatory consolidation of the NASD and NYSE. The vote took place on Friday. I'm sure the industry across the board is celebrating the decision as this move is expected to reduce the regulatory and financial burden of all member firms.

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Credit Suisse AES Integrates with TradingScreen for Listed Futures

Jan 18, 2007 @ 01:24 PM By Ivy Schmerken,

With buy-side firms ready to extend electronic trading in equities over to multiple asset classes, Credit Suisse AES (Advanced Execution Strategies) is expanding its algorithmic trading products into listed futures.

This week, Trading Screen, the operator of a multi-product trading platform, announced that Credit Suisse AES (Advanced Execution Strategies) for the listed futures markets have been integrated into TradingScreen�s full suite of trading products.

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NYSE Asks SEC for NMS Delay

Jan 11, 2007 @ 11:19 PM By Kerry Massaro,

Looks like Reg NMS Could be postponed again. Last week the New York Stock Exchange sent a letter to be sent to the Securities and Exchange Commission to ask for a one-month postponement of the new trading rule. The thinking is that the SEC likely will agree to a delay because if the new rule is set in motion and the largest market center is not ready, there might be a market disruption. This would be the second delay for the much-anticipated rule, as it was originally supposed to go into effect last June.

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James Leman Joins Westwater Corp.

Jan 11, 2007 @ 01:12 PM By Ivy Schmerken,

James Leman, an industry veteran who brings 20-plus years of expertise in electronic trading as well as middle and back-office technology strategies, has joined Westwater Corp. as managing director and head of its Capital Markets Practice.

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OptionsHouse Goes Lives with Online Trading Site

Jan 10, 2007 @ 04:58 PM By Ivy Schmerken,

OptionsHouse, a new discount brokerage firm launched its online Web site on Monday offering stock and options trading at a simple, flat-fee rate to retail investors and institutions.

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R.G. Niederhoffer Capital Management (New York)
Roy Niederhoffer
President and Founder

You have to rotate your models more rapidly today than you used to. Models that used to work have stopped working with greater rapidity lately. I think that this probably represents the entrance of a large number of players into the hedge fund space in ... More >>