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Santayana New Sales Head at Credit Suisse AES

Feb 13, 2008 @ 11:04 AM By Cristina McEachern,

As the newly appointed Head of Advanced Execution Services (AES) Global Sales at Credit Suisse, Manny Santayana is already working hard to foster the group’s global, multi-asset focus.

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NYSE MatchPoint Offers Free Internalization to Sell-Side DMA Providers

Feb 12, 2008 @ 05:35 PM By Ivy Schmerken,

NYSE MatchPoint is talking to several of the largest broker dealer members of the exchange about connecting their direct market access (DMA) trading systems up to the new portfolio-based crossing system.

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Citi Brings Together ATD and Citi Liquidity with Launch of Citi Match

Feb 6, 2008 @ 03:22 PM By Kerry Massaro,

Citi has quietly launched Citi Match, an anonymous crossing network that brings together the order flow of Automated Trading Desk and Citi. Tim Reilly, Managing Director and Head of Electronic Sales, says, "This is a game changer. One of the biggest challenges for any of the bulge bracket firms is to create a single point of access to their consolidated liquidity. There is a short list of firms that can offer one stop shopping for their non displayed liquidity." He explains that although most of the broker-dealers have matching networks, they don’t have the critical mass that he expects Citi Match to have, nor do they pull together all liquidity types. "We have the three legs of the stool, which is unique," noting that Citi Match pulls together institutional, broker-dealer and retail order flow. He says, "This is very different from simply pulling flow together from an algo, cash and program trading desk and calling it a crossing engine."

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LongView Integrates With NYFIX

Feb 6, 2008 @ 01:54 PM By Cristina McEachern,

Linedata announced its LongView trade order management system (OMS) will now offer integrated access to NYFIX Millennium dark pool and NEXAS, NYFIX’s algorithm suite.

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BIDS Trading Integrates with Fidessa LatentZero

Feb 5, 2008 @ 02:01 PM By Ivy Schmerken,

BIDS Trading, an alternative trading system (ATS) focusing on U.S. equity block trading, has now connected to the Fidessa Latent Zero’s buy-side order execution management system (OEMS), called Minerva. Both companies announced the systems connectivity today, reflecting the need to provide institutions with access to new trading venues that are proliferating in the U.S. equity trading space.

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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 >>