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Is the Buy-Side Risk Function Losing Status?

Apr 30, 2009 @ 11:25 AM By Ivy Schmerken,

Are buy-side institutions paying enough attention to risk management in light of the ongoing financial crisis? A recent study of 90 investment management organizations raises some alarm bells.

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T3 Live.com: Prop Traders Go Virtual

Apr 28, 2009 @ 11:00 AM By Ivy Schmerken,

With all the talk about social networks, it’s not surprising that traders want to interact and learn from each other. Proprietary trading firm T3 Capital launched an online trading community that reaches out to active traders and shares its positions with subscribers.

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Will Turquoise Survive the Heated Battle?

Apr 16, 2009 @ 11:43 AM By Ivy Schmerken,

The battle for market share has been escalating in the European equity trading landscape and now there are predictions that not all the multilateral trading facilities (MTFs) will survive.

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Should European Dark Pools Offer Better Prices?

Apr 14, 2009 @ 12:23 PM By Ivy Schmerken,

Today, NYFIX Euro Millennium MTF platform will temporarily amend its algorithm to offer matching at the midpoint of the reference market price. The move raises questions about whether European dark pools can offer better prices than lit markets.

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Westwater Ramps Up Risk Practice with FOF Due Diligence

Apr 8, 2009 @ 11:23 AM By Kerry Massaro,

I just spoke with Jim Leman, principal of Westwater Corp., about some of the things his firm is focusing on as a result of the credit crisis and recent market turmoil. We hadn’t caught up in a while and I wanted to know how the market was affecting his consulting firm.

According to Leman, Westwater has found several opportunities amid the turmoil on Wall Street. First, it has been able to take advantage of some good Wall Street talent that suddenly has become available. The firm hired Peter Jenkins, the former business development manager with the member and institutional community at NYSE. Prior to that Jenkins was the head trader at Scudder Stevens and Deutsche Asset Management. He will be lending his expertise to Westwater’s buy-side and sell-side business development efforts, Leman says.

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Fidessa's Fragmentation Index: Worth Watching

Apr 1, 2009 @ 11:42 AM By Ivy Schmerken,

Fragmentation is a hot topic in Europe these days.
Volumes have been shifting around since the Markets In Financial Instruments Directive (MiFID) went into effect in November of 2007 and there has been an explosion in the number of new trading venues called multilateral trading facilities or MTFs to compete with the traditional exchanges.

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