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Empire Financial to Donate Day's Profits to Cancer Center

Dec 12, 2007 @ 09:15 PM By Kerry Massaro,

We might all think that one day we’ll make a difference. One day after this or that, we will put aside our personal needs and do something that will be a step---big or small--toward making the world a better place. Most of us never do it, but Gerry Mastrianni, head of trading at Empire Financial Group, a Longwood, Florida-based firm is an exception.

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Clarifying TSX's Electronic Market Share and Alpha Trading Systems

Dec 12, 2007 @ 05:35 PM By Ivy Schmerken,

In yesterday's story about the TSX Group merging with Montreal Exchagne (MX), I said TSX had 90 percent market share in equities and suggested that Alpha Group was building a block trading system. Jackie Chung, president of Competitive Metrics, sent me an email this afternoon clarifying the TSX market share figures and explaining the strategy behind Alpha Group (now known as Alpha Trading Systems).

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How Will the TSX/ Montreal Merger Affect Spreads?

Dec 12, 2007 @ 11:08 AM By Kerry Massaro,

CFA and an Advanced Trading reader, Bud Haslett of Miller Tabak & Co., emailed me the following commentary. I'd like to ask our readers the question he asked me: Do you think the
merger will result in narrower spreads and increased option volume for the combined organization?

Below is Bud's commentary:

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TSX Group to Merge with Montreal Exchange to Create Multi-Asset Trading Venue

Dec 10, 2007 @ 10:41 PM By Ivy Schmerken,

The TSX Group has agreed to merge with the Montreal Exchange Inc. (MX) in a C$1.3 billion deal that will create an integrated, multi-asset class execution venue for equities and derivatives in Canada.

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Goldman Sachs Launches Global Signature Program to Clarify Relationships with Tech Vendors

Dec 10, 2007 @ 04:34 PM By Ivy Schmerken,

Goldman Sachs launched a new program last week to clarify its relationships with external vendors, brokers and service providers so as to enhance their clients trade workflow throughout the execution and clearing process.

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TradingScreen and Axes Partner for Global Execution

Dec 3, 2007 @ 04:00 PM By Cristina McEachern,

TradingScreen and Axes, a global institutional agency broker, have entered into a partnership to connect TradingScreen clients to Axes’ GEMS (Global Execution Management System).

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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 >>