Advanced Trading - All Stories

Merrill Lynch Japan Launches Low-Latency DMA Platform

Mon, 8 Feb 2010 10:19:00 EST

Merrill Lynch Japan Securities has introduced a third-party hosted service for ultra-low latency electronic trading.

Currensee Teams With Thomson Reuters IFR Markets

Fri, 5 Feb 2010 11:51:40 EST

Currensee, a Forex trading social network, has announced a relationship with Thomson Reuters IFR Markets.

BofA Merrill Lynch Makes Broadcort, Commission Mgmt Appointments

Thu, 4 Feb 2010 10:26:22 EST

An internal memo from Michael Bird, head of Broadcort and Global Commission Management at Bank of America Merrill Lynch, announced several senior management changes in the firm's Broadcort and Global Commission Management groups.

Buy Side Algo Usage, Block Trading on the Rise: Tabb Report

Thu, 4 Feb 2010 10:11:32 EST

According to the latest Tabb Group benchmark study, the needs of the buy side have changed following the financial crisis and their number one goal going forward is to re-build assets and performance records.

Jaypee International Receives Approval to Trade on LME

Thu, 4 Feb 2010 09:45:20 EST

Jaypee has been approved as an associate trade member of the London Metal Exchange Ltd., adding to the memberships on exchanges held by its worldwide affiliates.

Panic or Profits? BCP and Trading

Wed, 3 Feb 2010 11:03:08 EST

Swine Flu puts business continuity in trading forefront.

Madoff-Linked Firm Wins in Court

Wed, 3 Feb 2010 10:41:23 EST

A federal judge in New York dismissed federal regulators' complaints Tuesday against a small brokerage firm co-founded by swindler Bernard Madoff.

AIG Expected to Pay Reduced Bonuses

Wed, 3 Feb 2010 10:41:23 EST

American International Group plans to pay $100 million in bonuses this week to employees in its Financial Products division, sources said Tuesday.

Smart Trade Launches Custom Order Book Functionality

Wed, 3 Feb 2010 10:01:34 EST

Smart Trade Technologies has introduced customizable consolidated order book functionality for its smartTrade LiquidityAggregator engine.

SmartPool Reports Volume In January and Gains in European Dark Pool Market Share

Tue, 2 Feb 2010 10:48:32 EST

SmartPool reports gains in European dark pool market share, citing migration to NYSE Euronext Universal Trading Platform and absorption of NYFIX Euro Millenni

SEC and Technology Can Reduce Naked Access Risk

Tue, 2 Feb 2010 10:28:39 EST

The SEC's proposed rules for sponsored market access or direct market access (DMA) have brought the challenges of the changing market structure landscape into focus.

GAIN Capital Continues Asian Expansion with New Office in Hong Kong

Tue, 2 Feb 2010 10:14:45 EST

Company enters into white label partnership with Polaris Securities (HK) Limited, a subsidiary of one of Taiwan's largest securities firms

Smart Regulation: Is It Possible?

Tue, 2 Feb 2010 10:09:12 EST

In a new research report from Aite Group, Paul Zubulake examines the various key components of financial regulation being considered by the U.S. Senate today, the likelihood of each being implemented, and in what ultimate form.

Ballista Upgrades Options ATS Platform

Tue, 2 Feb 2010 09:56:37 EST

Ballista Securities announced a significant upgrade to its Ballista ATS for block options with its Ballista v.2.0 trading platform.

Ohman Chooses Orc's Algo Solution

Tue, 2 Feb 2010 09:51:56 EST

Ohman will use the platform new warrants and ETF trading desk.

After a Lull, Algo Innovation Set to Heat Up in 2010

Mon, 1 Feb 2010 15:10:03 EST

Algorithm news may have seemed to quiet down, but many firms have been working hard behind the scenes, and now they are ready to make big changes this year.

DebtMarket Hires Three Industry Experts

Mon, 1 Feb 2010 11:18:57 EST

Online marketplace for whole loan portfolios hires former executives from Fannie Mae, GMAC and Capmark.

Instinet Receives Full Australian Exchange Membership

Mon, 1 Feb 2010 11:01:51 EST

Instinet has established its Instinet Australia Pty. Ltd, a full Australian Securities Exchange (ASX) member and is now able to service domestic Australian clients through a new onshore sales and trading desk.

INDATA Releases Intelligent Portfolio Management Platform

Mon, 1 Feb 2010 10:27:58 EST

INDATA iPM, Intelligent Portfolio Management, is a new platform and set of technologies for buy-side firms that allow end users to collaborate in real-time across the enterprise.

Thune: No Bailout Funds for Jobs Bill

Mon, 1 Feb 2010 09:50:27 EST

U.S. Senate Republicans would oppose a jobs creation bill if it taps unspent bank bailout and stimulus funds, Sen. John Thune, R-S.D., said Sunday.

Volcker: Stop Big Bank Risk-Taking

Mon, 1 Feb 2010 09:50:27 EST

Reforms are needed urgently to bar big commercial banks from engaging in risky investments and trading, a top White House adviser says.

Celeritas Deploys Ultra-Fast Algo Network

Mon, 1 Feb 2010 09:24:30 EST

Exponential-e connects Celeritas to FX markets in London and New York via ultra-fast network.

Deutsche Bank FX Platform Tightens Spreads

Fri, 29 Jan 2010 13:46:28 EST

Deutsche Bank's online margin foreign exchange trading platform dbFX is improving its pricing by offering tighter spreads for clients.

BM&F Bovespa to Switch to New Interface for Mega Bolsa

Fri, 29 Jan 2010 13:03:42 EST

MegaDirect will become the only form of access for automatic DMA into Mega Bolsa, the equities trading platform.

Senate Confirms Bernanke for Second Term

Fri, 29 Jan 2010 10:29:50 EST

The U.S. Senate confirmed Ben Bernanke's second term as head of the Federal Reserve Bank Thursday by a 70-30 vote margin, a slim victory for a bank chairman.

Frank in Davos says Bank Reform is Coming

Fri, 29 Jan 2010 09:53:05 EST

Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, said a financial reform bill could be signed into U.S. law within months.

'Ponzi' Lawyer Gets 100 Years in Huge Scam

Fri, 29 Jan 2010 09:53:04 EST

Former Florida attorney Scott Rothstein, facing up to 100 years in prison for a huge investment scam, may seek time off by helping nab cohorts, officials say.

ELX Futures Sends Letter to CFTC Saying CME Statement on EFFs Misleading

Thu, 28 Jan 2010 10:50:52 EST

Penserra Securities hires Jason Valdez from Rosenblatt Securities

Thu, 28 Jan 2010 10:24:15 EST

With the addition of Valdez, Penserra looks to expand its global program trading capabilities.

Prop Trading Ban Proposal: Desirability vs. Practicality

Thu, 28 Jan 2010 10:06:43 EST

How do you ensure that firms do not take proprietary positions? Do you require that the bonds be bought directly from a customer? If so, how do you police it?

BOE's King Favors some Radical Reforms

Wed, 27 Jan 2010 11:01:15 EST

Bank of England Gov. Mervyn King said Tuesday he does not favor assessing a so-called Tobin Tax on bank transactions.

High Frequency Equities Trading: From the U.S. to Asia?

Wed, 27 Jan 2010 09:12:48 EST

The adoption of HFT in Europe is less than here in the U.S. but is growing while at the same time, HFT will most certainly expand in Asia over the next several years.

Pipeline Integrates Block Equity Options Trading

Wed, 27 Jan 2010 09:00:05 EST

Pipeline Trading Systems has integrated Blind Bid Options Cross (BBOX) for block options trading into its Pipeline order control system.

RBC Capital Markets Transforms Its Trading Floor

Tue, 26 Jan 2010 15:12:17 EST

RBC has built a new 700 seat trading floor that houses equity, options and fixed-income trading.

Thomson Reuters Expands Numerix Pricing Model Coverage

Tue, 26 Jan 2010 09:02:56 EST

Numerix announced that Thomson Reuters will extend Numerix's vanilla-exotics pricing solutions and risk analytics in Thomson Reuters Kondor+ Suite and TopOffice solutions.

CQG Adds Nasdaq OMX Nordic Market Data

Mon, 25 Jan 2010 22:43:14 EST

Customers can access real-time and historical market data for Nasdaq OMX Nordic derivatives, and trading access is slated for later this year.

SunGard Launches U.K. Broker To Fuel European Expansion

Mon, 25 Jan 2010 15:08:59 EST

SunGard Global Execution Services targets sponsored access in European markets, DMA and clearing services to high frequency trading firms.

Penson To Raise Funds For Haiti With "Trade To Help Day"

Mon, 25 Jan 2010 14:35:36 EST

Penson Financial Services Inc. and many of its broker-dealer customers will raise funds for the humanitarian effort in Haiti with a "Trade to Help Day" on Wednesday, January 27.

Goral Trading Licenses OneTick Database

Mon, 25 Jan 2010 10:42:17 EST

Goral Trading Company, an asset management firm, has licensed OneMarketData's OneTick Database for tick data management and analytics to capture, retrieve, store and analyze its financial tick data.

Obama Proposes Measures to Restrict Size and Activity of Major Banks

Mon, 25 Jan 2010 09:28:13 EST

Celfin Capital Develops Electronic Trading Capabilities with Fidessa

Mon, 25 Jan 2010 08:59:38 EST

Chilean broker adopts Fidessa's trading solution and joins international trading network.

With Profits, Goldman Sachs Adjusts Pay

Mon, 25 Jan 2010 08:50:26 EST

New York financial firm Goldman Sachs says it earned $4.95 billion September through December and will set aside $16.2 billion for staff for the year.

House Eyes Abolishing Fannie, Freddie

Mon, 25 Jan 2010 08:50:26 EST

A House panel is preparing to recommend that troubled quasi-public U.S. mortgage finance firms Fannie Mae and Freddie Mac be abolished, its chairman says.

Five U.S. Banks Seized by Regulators

Mon, 25 Jan 2010 08:50:26 EST

Struggling banks in five U.S. states have been seized by regulators, the Federal Deposit Insurance Corporation says.

Report: Obama to Call for New Bank Limits

Thu, 21 Jan 2010 11:19:33 EST

U.S. President Barack Obama is set to propose restoring restrictions on risk-taking by commercial banks, a senior White House official said.

MF Global Makes Key Hires to Expand Institutional Products, Plans to Sell Equity Interdealer-Broker

Thu, 21 Jan 2010 11:10:54 EST

The firm hires key leaders in U.S. to expand Institutional product offering and plans to sell U.S. equity interdealer broker business.

Neonet Will Open Hong Kong Office

Thu, 21 Jan 2010 09:47:34 EST

Hong Kong office will strengthen its execution services in the Asian region.

BofA Lost $5.2 Billion in Fourth Quarter

Wed, 20 Jan 2010 21:43:58 EST

Bank of America said Wednesday losses in consumer loans and repaying U.S. bailout funds pushed fourth quarter losses in 2009 to $5.2 billion.

ISE Expands its Suite of FX Options Products

Wed, 20 Jan 2010 11:36:21 EST

ISE launches of new currency pair options on Brazilian Real

Obama: Fees Won't 'Punish' Banks

Wed, 20 Jan 2010 06:52:32 EST

President Barack Obama said Saturday a fee he proposed on major U.S. financial firms to recoup bailout funds is not intended to punish the financial industry.

Citigroup Posts $1.6B Loss for 2009

Wed, 20 Jan 2010 06:52:30 EST

U.S. banking giant Citigroup said Tuesday it lost $1.6 billion in 2009, largely due to a $10.1 billion fourth quarter payment to the Treasury Department.

Fed Invites Congress to Review AIG Rescue

Wed, 20 Jan 2010 06:52:29 EST

U.S. Federal Reserve Chairman Ben Bernanke said he would welcome a congressional review of the central bank's bailout of American International Group Inc.

Exegy Offers Low Latency Data from Omega ATS

Tue, 19 Jan 2010 09:59:47 EST

The Exegy Plant has added market data feed handlers to process data from Canada's Omega ATS to attract high frequency traders.

Some Markets Bounce on Dubai Bailout

Mon, 18 Jan 2010 20:43:54 EST

Dubai and Abu Dhabi stock exchanges surged Monday after Abu Dhabi came up with a $10 billion bailout for its financially struggling neighbor.

TMX Group Implements New Order Entry Gateway

Fri, 15 Jan 2010 11:11:23 EST

TMX Group has completed the implementation of its new TSX Quantum Order Entry Gateway to support the increase in messaging rates and performance demands from its trading community.

Taxpayers Want TARP Money Back, Obama Says

Thu, 14 Jan 2010 15:32:04 EST

An angry President Barack Obama Thursday called for a fee to be levied on big financial institutions to repay U.S. taxpayer bailout funds they received.

Algos Gone Wild

Thu, 14 Jan 2010 11:20:10 EST

Panelists debate whether an algo gone wild could bring down the market.

Deutsche Bank Hires Credit Suisse E-Trading Exec

Thu, 14 Jan 2010 10:44:10 EST

Deutsche Bank has appointed Jose Marques Managing Director and Head of Equity Electronic Trading in the firm's Global Markets Division.

Jefferies Joins Tradeweb Marketplaces

Thu, 14 Jan 2010 10:13:50 EST

Jefferies has joined Tradeweb as a liquidity provider in its U.S. Treasury and European government bond marketplaces.

NYSE Technologies Launches a New Class of Liquidity Discovery Solution

Thu, 14 Jan 2010 09:45:49 EST

ioinet v2 aims to provide traders with new perspectives on IOIs and advertised trades.

Barclays Capital Acquires LaBranche & Co.'s NYSE DMM Business

Thu, 14 Jan 2010 09:23:31 EST

Barclays Capital will become the leading NYSE market maker after the acquisition of LaBranche is completed in Q1.

Wall St. Bonuses Issue to be Aired in D.C.

Wed, 13 Jan 2010 21:21:24 EST

U.S. Rep. Barney Frank, D-Mass., said Wednesday he is taking aim again at limiting bonuses for Wall Street executives.

SEC Proposes Ban on Naked Access

Wed, 13 Jan 2010 14:43:25 EST

The Securities and Exchange Commission voted unanimously today to propose a rule effectively banning naked access and requiring additional risk, compliance and regulatory measures for broker-dealers providing market access.

BOFA Looking Not Near, But Far, For CFO

Wed, 13 Jan 2010 11:23:13 EST

Bank of America's new Chief Executive Officer Brian Moynihan said the U.S. financial giant's next chief financial officer would come from outside the bank.

ConvergEx Opens Sydney Office for its Eze OMS

Wed, 13 Jan 2010 09:54:30 EST

ConvergEx Group has opened a new sales office for its Eze OMS in Sydney and appointed Chris O'Connor head of Australian sales for the product.

SEC Charges Father and Son with Fraud

Tue, 12 Jan 2010 11:19:15 EST

The Securities and Exchange Commission said Monday it has charged a Florida father and son with overstating hedge fund values by as much as $160 million.

Obama Considers Fee for Large Banks

Tue, 12 Jan 2010 11:19:14 EST

Administration officials said President Barack Obama is considering a fee for large U.S. banks to make up for losses in the $700 billion bank bailout program.

Judge Keeps Bank of America Case Narrow

Tue, 12 Jan 2010 11:19:12 EST

A federal judge in New York has rejected a U.S. regulator's attempt to broaden its case against Bank of America for allegedly misleading shareholders.

Newedge Announces Organizational Changes

Tue, 12 Jan 2010 09:54:42 EST

Newedge announced that Laurent Cunin has been appointed Head of the Asia Pacific region, replacing Pierre Gay, who has been named Global Head of Fixed Income, Currency and Commodities (FICC).

ICE Announced Management Changes in Creditex CDS Business

Tue, 12 Jan 2010 09:25:10 EST

ICE elevates Grant Biggars to president and Sophia Corona to COO, while Sunil Hirani and John Grifonnetti depart.

Banks Prepare to Hand Out Big Bonuses

Mon, 11 Jan 2010 17:19:07 EST

Resurgent U.S. banks preparing to hand out billions of dollars in bonuses are likely to draw harsh criticism, analysts say.

Gelber Group Selects OneTick

Mon, 11 Jan 2010 17:11:30 EST

Chicago-based Gelber Group has selected OneTick, for tick data management and analytics.

Emergent Selects Derivatives.com for Risk

Mon, 11 Jan 2010 10:29:55 EST

Emergent Asset Management has selected Imagine Software's Derivatives.com service to deliver risk management for its funds.

ITG Hires Duncan Higgins, Fomerly at Turquoise

Mon, 11 Jan 2010 09:34:58 EST

Higgins joins ITG as a director within the electronic sales group in Europe.

CME Carbon Exchange to Launch

Fri, 8 Jan 2010 10:18:21 EST

According to reports, the CME Group announced that its Green Exchange Holdings stand-alone emissions-trading exchange is expected to launch in the first quarter.

RBC Assembles Key Management Team to Run E-Trading

Thu, 7 Jan 2010 14:30:50 EST

The new team has been developing a new line of trading products that will be rolled out by June.

IDCG Names O'Connor CEO

Thu, 7 Jan 2010 10:08:19 EST

The International Derivatives Clearing Group (IDCG), a majority-owned independent subsidiary of The Nasdaq OMX Group, has appointed Garry O'Connor as its new CEO.

Charles River Development Releases Version 9.1 of IMS

Thu, 7 Jan 2010 09:49:18 EST

New version integrates OMS/ EMS into a single platform, supports high-volume wealth management accounts and unveils performance measurement module.

Aite Group Expands Capital Markets Coverage with New Hires

Wed, 6 Jan 2010 10:32:27 EST

Aite Group has hired Fritz McCormick and Simmy Grewal as senior analysts in its Institutional Securities & Investment practice to enhance its capital markets coverage.

BNP Paribas Joins as Prime Bank on ICap EBS Platform

Wed, 6 Jan 2010 10:10:03 EST

ICap announced that BNP Paribas has joined as a new Prime Bank on the interdealer broker's EBS spot FX trading platform.

Phillips Named CEO of Chi-East

Wed, 6 Jan 2010 10:00:01 EST

Ned Phillips has been appointed chief executive officer of Chi-East, the joint venture of Chi-X Global and Singapore Exchange Limited (SGX).

ConvergEx Introduces Management Access Service

Tue, 5 Jan 2010 09:59:51 EST

ConvergEx Group has launched its Management Access program to offer sales trading clients direct access to senior executives at public corporations.

Pipeline Launches New Strategy to Achieve Best Price

Tue, 5 Jan 2010 09:46:27 EST

Pipeline Trading Systems has launched its new Pipeline Munitions Manager tool for minimizing implementation shortfall losses in markets with a high risk of adverse information.

Pricing Partners Launches ABS Valuation Tools

Tue, 5 Jan 2010 09:14:19 EST

Pricing Partners has released several new tools for ABS valuation, enabling users to value similar or derived products like CDOs of ABS, RMBS and more.

SunGard Deploys Low Latency Market Data Servers for GLNet

Mon, 4 Jan 2010 23:06:33 EST

Rolling out in 2010, SunGard's new MDD servers address sharp increases in market data volumes in respons to multi-venue, fragmented liquidity environment.

SS&C Acquires Tradeware Global

Mon, 4 Jan 2010 15:01:42 EST

SS&C Technologies announced it has acquired Tradeware Global, a broker-neutral provider of systems for global equity market access.

Regulators Take Aim at Dark Pools

Mon, 28 Dec 2009 08:40:04 EST

As the SEC looks to improve market transparency, dark pools have come under renewed fire. Three regulatory proposals have raised buy-side opposition.

Dubai Financial Markets To Buy Rival Nasdaq Dubai

Tue, 22 Dec 2009 11:23:06 EST

In an effort to cut costs in the wake of Dubai's ongoing debt crisis, back office functions will merge, but exchanges will remain separate.

Dark Pools, Derivatives and HFT Top Buy Side's Regulatory Agenda

Tue, 22 Dec 2009 08:45:05 EST

Buy-side traders oppose regulations that hinder high-frequency trading and reduce liquidity in dark pools, but they welcome heightened oversight of derivatives.

Potential and Unintended Consequences of the Financial Transaction Tax

Mon, 21 Dec 2009 14:14:01 EST

The FTT may create natural incentives for financial services companies to move overseas, just as their manufacturing brethren has done over the past two decades.

LSE Takes Control Of Rival Trading Platform Turquoise

Mon, 21 Dec 2009 10:16:55 EST

Turquoise was set up four years ago by Merrill Lynch, Goldman Sachs, Deutsche Bank, Citigroup, Credit Suisse, Morgan Stanley and UBS.

Deutsche Borse Uses Corvil for Latency Transparency

Mon, 21 Dec 2009 09:26:41 EST

Corvil to Provide Latency Distribution Statistics and Member Latency Ranking

LCH.Clearnet Launches Interest-Rate Swaps Clearing Service for Buy-Side

Thu, 17 Dec 2009 10:28:05 EST

nstitutional investors for the first time will get access to central clearing for interest rate swaps via SwapClear.

Bank of America Names Brian Moynihan CEO

Thu, 17 Dec 2009 10:13:07 EST

Bank of America has announced that Brian Moynihan will take over President and Chief Executive of the company on January 1 following the retirement of Ken Lewis.

New Book Takes a Broad Look at High Frequency Trading

Thu, 17 Dec 2009 09:56:55 EST

As the high frequency trading topic continues to cause a stir on Wall Street and with regulators, a new book has been released to explore the topic further.

Chi-Tech Deploys 29West Messaging for MarketPrizm

Thu, 17 Dec 2009 09:52:41 EST

Chi-X Global Technology (Chi-Tech) has selected messaging technology from 29West for the low-latency market data delivery infrastructure of its MarketPrizm service.

Interactive Data Adds Portfolio Analysis to PrimeTerminal

Thu, 17 Dec 2009 09:44:45 EST

Interactive Data has added a range of portfolio analysis functionalities to its PrimeTerminal Professional financial desktop product.

Nomura Sheds Light on Dark Pool MTF Registration

Wed, 16 Dec 2009 10:47:32 EST

At a time when dark pool regulations here in the U.S. are being hotly debated, Nomura has decided to relaunch its NX dark pool as a multilateral trading facility (MTF) in Europe.

Chi-X Global Makes Strategic Appointments

Wed, 16 Dec 2009 10:10:50 EST

Chi-X Global has hired Steven Silberstein as Chief Information Officer and Gregory Smith, CEO of Chi-X Global Technologies, has been named Vice Chairman.

Newedge Appoints John Fay as Head of Americas Region

Wed, 16 Dec 2009 09:34:15 EST

Fay will be based in New York and will focus on expanding and strengthening Newedge's business lines in the region.

Aligning Washington and Wall Street

Wed, 16 Dec 2009 08:15:04 EST

Wall Street and Washington are misaligned. If we want this country to continue to grow, this needs to be changed now.

Chatham Financial Supports Murphy Amendment in House Derivatives Bill

Tue, 15 Dec 2009 10:05:24 EST

The Murphy amendment would limit the definition of "major swap" participant to firms doing a amount of speculative trading or posing a threat to the financial system.

RealTick Integrates Latest Deutsche Bank Algos, Futures Execution

Tue, 15 Dec 2009 09:58:10 EST

RealTick has integrated Deutsche Bank's latest suite of equity algorithms and futures execution capabilities.

ConvergEx Expands ETF Execution Capabilities with Launch of Dedicated Desk

Tue, 15 Dec 2009 09:39:18 EST

Led by ConvergEx Managing Director Thomas Smykowski, the ConvergEx ETF team will utilize the expertise and resources from across the firm to provide a unique set of tools for clients.

Instinet Adds Three Independent Research Providers

Mon, 14 Dec 2009 09:53:16 EST

Alternative Energy Investing, Public Insight and Trusted Sources added to Instinet Access program.

Derivatives Reform Debate Heats Up With House Vote

Fri, 11 Dec 2009 14:05:03 EST

As Congress irons out OTC derivatives reform, buy-siders push for transparency, including central clearing and trading on exchanges.

RTS Launches Hosted LSE Market Access

Thu, 10 Dec 2009 10:32:38 EST

RTS has launched high-speed access under a unified infrastructure to all markets of the London Stock Exchange Group, including the London Stock Exchange, Borsa Italiana and the European Derivatives Exchange (EDX) as well as Oslo Bors' Equity market.

Nord/LB Chooses CQG for High-Volume Futures Trading

Thu, 10 Dec 2009 10:08:26 EST

Nord/LB's customers and internal trading desks will access CQG's, electronic trading, decision-making tools and consolidated market data.

NYSE Working to Integrate NYFIX Business

Thu, 10 Dec 2009 10:02:49 EST

Following the recent closing of its acquisition of NYFIX, NYSE Technologies is working to integrate the company's FIX business, which includes the NYFIX Marketplace and the FIX software business.

First Trust Leverages Moxy for Growing Trade Volumes

Thu, 10 Dec 2009 09:58:52 EST

First Trust Advisors has implemented Advent Software's Moxy trade order management system to handle its increasing trading volumes and accounts.

Nomura to Continue U.S. Hiring Push

Wed, 9 Dec 2009 10:56:14 EST

According to reports, Nomura's chief operating officer, Takumi Shibata, said this week that the firm was expecting to hire 300 additional staff in the U.S. by the end of March.

SunGard Enhances FastVal Independent Valuation Service

Wed, 9 Dec 2009 10:41:34 EST

SunGard's FastVal 3.0 provides financial institutions with transparency of the models and underlying market data used in the valuation.

RBC Appoints Fokianos FX E-trading Head

Wed, 9 Dec 2009 09:54:11 EST

RBC Capital Markets has appointed Stamos Fokianos as managing director and global head of FX electronic trading.

Quod Integrates Algos into Smart Order Router

Tue, 8 Dec 2009 09:39:50 EST

Quod Financial has pre-loaded its Adaptive Smart Order Router (QF ASOR) with a library of trading algorithms for improving execution and lowering market impact.

Trading Cross HFT Team Commences Trading

Tue, 8 Dec 2009 09:28:53 EST

TXC plans to incubate five teams in 2010 and is in active discussions with several high frequency traders seeking to establish their own high frequency firm.

Knight Equity Markets To Become Competitive Market Maker On ISE's Options Exchange

Tue, 8 Dec 2009 09:24:57 EST

Knight is developing options market making capabilities as extension of its equities and fixed income trade execution services.

Bank of America Merrill Lynch Enhances Canadian Algos

Mon, 7 Dec 2009 17:30:39 EST

Bank of America Merrill Lynch has enhanced its algorithmic trading platform for Canadian equities with several new algorithms available to Canada and other changes to deliver improved execution performance.

Numerix Launches Trader Applications

Mon, 7 Dec 2009 17:20:28 EST

Numerix has launched a suite of Numerix trader workbook applications including Numerix FX Trader, Numerix Rates Trader and Numerix Credit Trader.

Atrium Network to Distribute CME Data for Activ Financial

Mon, 7 Dec 2009 10:11:13 EST

Activ Financial, a provider of low-latency market data solutions, is extending its connectivity to Atrium Network to consume and distribute CME Group real-time data across the platform.

ISE, DB Sign Get New Fiber Optics Network

Mon, 7 Dec 2009 09:24:04 EST

RCN Metro's Financial Services Network Ring will Support ISE's New Trading System Migration

ACTIV Financial Expands U.S. and European Operations

Fri, 4 Dec 2009 09:58:23 EST

ACTIV Financial Expands U.S. and European Operations to Equinix Singapore Data Center to Optimize Global Delivery of its Market Data Solutions

Odey Asset Management Implements ConvergEx's Eze OMS

Fri, 4 Dec 2009 09:56:27 EST

London-based investment firm Odey Asset Management has selected ConvergEx's Eze Order Management System (OMS) for support and automation of its pre-trade compliance, position checking, order management and electronic trading processes.

Merlin Securities Expands Desk With 24-Hour International and Domestic Coverage

Thu, 3 Dec 2009 09:58:14 EST

Merlin hires two traders, Troy Prince, formerly with RBC Capital Markets, and John Perna, previously with, J.P. Morgan, to oversee the expanded trading desk.

Goldman Sachs Enhances RediPlus

Thu, 3 Dec 2009 09:54:37 EST

Goldman Sachs Electronic Trading (GSET) has released the latest version of its RediPlus execution management system (EMS).

NSX Monthly ETF Assets Reach New Record

Thu, 3 Dec 2009 09:53:19 EST

The National Stock Exchange's assets in U.S. listed Exchange-Traded Funds and Exchange-Traded Notes totaled a monthly record of $752 billion in November.

Knight to Enter Global Carbon Markets, Hiring Traders

Wed, 2 Dec 2009 17:47:11 EST

The global capital markets firm has hired Dan Braun as head of carbon trading. Braun will build the business and hire additional traders.

ConvergEx Acquires NorthPoint Trading Partners

Wed, 2 Dec 2009 11:17:40 EST

ConvergEx will now offer small and medium sized hedge funds access to a full range of boutique prime brokerage services through NorthPoint's hightouch service model and established clearing and custody agreements.

ISE Announces Launch of Intraday Offering for Open/Close Trade Profile

Wed, 2 Dec 2009 10:39:26 EST

The new Open/Close Intraday File is available for beta testers for free through the end of the year.

Concept Capital, SAS Partner on Risk Offering

Tue, 1 Dec 2009 10:25:59 EST

Concept Capital has partnered with software provider SAS to offer a full suite of analytics providing integrated, multi-custodial risk and performance reporting to investment managers and hedge funds.

M.R. Beal Hires for International Trading Expansion

Tue, 1 Dec 2009 10:07:44 EST

M.R. Beal & Company has hired Michael Parker as vice president of equity trading to spearhead the firm's expansion into international equity trading.

Chi-X Europe Names Alasdair Haynes CEO

Tue, 1 Dec 2009 10:01:40 EST

Chi-X Europe Limited, operator of the largest pan-European equity multilateral trading facility (MTF), today announced the appointment of Alasdair Haynes as Chief Executive Officer, subject to standard regulatory approvals.

HFT Firms Not Better or Worse, Just Different

Tue, 1 Dec 2009 09:11:49 EST

HFT firms are inherently no better or worse than other market participants, they are just different and institutional investors need to adjust their trading strategies accordingly.

Thomson Reuters Adds Company Events to Machine Readable News Offering

Tue, 1 Dec 2009 08:44:25 EST

The solution will automatically extract key data from US company press releases for use in event driven trading strategies.

Newedge USA Migrates Self-Clearing of Fixed-Income to Shadow Financial Systems

Mon, 30 Nov 2009 22:32:32 EST

Newedge turns to ShadowSuite to bring clearance, settlement and bookeeping functions inhouse.

Fidessa Enhances EMS Workstation Program Trading

Mon, 30 Nov 2009 09:53:35 EST

Fidessa has launched enhanced program trading functionality for its EMS Workstation that allows users to manage lists or programs of orders through one trading blotter.

Chi-X Global Begins Application Process to Bring New PTS Platform to Japan

Mon, 30 Nov 2009 09:14:27 EST

Chi-X Global today also announced several key additions to the Chi-X Japan senior management team with the appointments of Yasuo Hamakake as Chief Technology Officer and Toru Irokawa as Chief Administration Officer.

BGCantor Market Data, Thomas Ho Launch Analytics Suite

Tue, 24 Nov 2009 16:07:53 EST

BGCantor Market Data and Thomas Ho Company have teamed up to provide a suite of advanced real-time modeling and analytics called the E-series suite.

FSA Fines Nomura $2.9 Million For Inadequate Derivatives Controls

Tue, 24 Nov 2009 10:14:10 EST

Nomura International has been fined $2.9 million by the FSA for systems and controls failings around book marking within its International Equity Derivatives business.

CME Group's ClearPort Service Expanded, New API Launched

Tue, 24 Nov 2009 09:44:34 EST

CME Group is expanding its CME ClearPort service to include clearing for CME and CBOT ex-pit transactions.

Bloomberg Launches Tradebook Order API

Tue, 24 Nov 2009 09:34:33 EST

Bloomberg Tradebook has launched Tradebook Order API, which enables users to send orders directly from a desktop model to stock, option, futures and FX smart order routers.

TheMarkets.com Enhances API to Allow Customization

Tue, 24 Nov 2009 08:54:14 EST

ConvergEx Acquires NorthPoint For Prime Brokerage Services

Mon, 23 Nov 2009 14:35:33 EST

ConvergEx has agreed to acquire NorthPoint Trading Partners in order to offer small and medium sized hedge funds access to introducing prime brokerage services.

StreamBase Connects to Chi-X Canada

Mon, 23 Nov 2009 11:33:52 EST

StreamBase connected its CEP technology to alternative trading system Chi-X Canada, enabling customers to trade Canadian equities.

Parametric Portfolio Associates Selects Fidessa LatentZero's Minerva OEMS

Mon, 23 Nov 2009 10:21:54 EST

Minerva OEMS is a fully integrated front-office position analysis and trading solution that provides support for all asset classes, including OTC derivatives, with real-time positions and P&L, integrated market data, order management and trading, with integrated compliance in a single application.

Deutsche Borse Acquires Algo Trading News Provider

Mon, 23 Nov 2009 10:19:30 EST

In an effort to expand its Market Data & Analytics segment, Deutsche Borse has acquired U.S. financial news service Need to Know News, a provider of machine-readable news for algorithmic trading.

The Challenges of OTC Derivatives Market Reform (Video)

Mon, 23 Nov 2009 10:03:29 EST

In December, the House of Representatives will vote on OTC derivatives reform and broader financial reform. Tabb Group Senior Analyst Kevin McPartland discusses these and other deadlines as well as the challenges that must be overcome in the House and Senate for the financial reform to move forward.

Senator Kaufman Calls for End to Sponsored Access

Mon, 23 Nov 2009 09:57:16 EST

Senator Ted Kaufman (D-DE) has delivered a letter to SEC Chairman Mary Schapiro and four commissioners urging them to end sponsored access and "combat manipulative high frequency trading algorithms."

IPC Combines Voice, Data Channels

Thu, 19 Nov 2009 10:39:08 EST

IPC Systems has announced a shared IP access strategy as well as strategic upgrades to its network and trading solutions.

Tabb Study: Unintended Consequences of Regulatory Action Top Buy Side Concern

Thu, 19 Nov 2009 10:26:09 EST

The risk of unintended regulatory consequences is the top market structure concern facing U.S. equity markets, according to buy side traders in Tabb Group's annual study, "Institutional Equity Trading 2009-2010: Dark Pools, Transparency and Consequences."

Tbricks Announces ICE Connection

Thu, 19 Nov 2009 10:02:02 EST

Tbricks, a provider of algorithmic trading technology, has added ICE Futures Europe and U.S. to its native market connections.

LCH.Clearnet Appointed Central Clearing Facility for Chi-East

Thu, 19 Nov 2009 09:42:13 EST

Chi-East, the joint venture between Chi-X Global and Singapore Exchange Limited, have appointed LCH.Clearnet as the central clearing facility for its pan-Asian dark trading platform which is scheduled to launch in mid-2010.

IND-X To Merge with Enzard Ltd.

Wed, 18 Nov 2009 11:02:33 EST

IND-X combines its execution and commission management platform with with Enzard's independent research provider offering to expand in Asia.

Citi To Extend Electronic Options Trading to Buy Side Clients

Wed, 18 Nov 2009 11:00:46 EST

Institutional Clients Can Now Access Citi's Market Leading Options Platform

Capco Launches Wealth Management Group

Wed, 18 Nov 2009 10:02:28 EST

Capco has launched a North American Wealth and Investment Management Group to service wealth managers, investment institutions and investor services firms.

UBS Launches Algo Trading in Hot Spot Brazil

Tue, 17 Nov 2009 11:57:40 EST

In a further sign of Brazil's rapid transformation into one of the world's most dynamic markets and a hot spot for algorithmic trading, UBS announced that it is launching algorithmic trading for international clients trading equities on the Bovespa stock exchange.

SunGard Adds Trading Support for Xetra International Market

Tue, 17 Nov 2009 09:58:28 EST

Xetra International Market (XIM) is a pan-European blue-chip trading platform recently launched by Deutsche Brse. It provides members in 19 countries with trading for European blue-chip stocks.

Risk Management Technology Now Key Part of Prime Brokerages Offering

Mon, 16 Nov 2009 12:59:02 EST

Many low-cost systems providers are now coming to the market with sophisticated technology that was once inaccessible to smaller mid-tier hedge funds.

Gravitas Launches Cloud Computing For Alternative Asset Managers

Mon, 16 Nov 2009 11:45:45 EST

Gravitas' cloud services allows small and medium sized hedge funds and other trading firms the ability to help close the technology gap between small and large firms without buying servers and incurring other upfront capital costs, the company says.

HFT Shops Influence Job Market on Wall Street

Mon, 16 Nov 2009 08:30:02 EST

High-frequency trading firms are influencing the hiring trends on the Street as demand for quantitative skills increases.

Options: The Line Between Institutional and Retail Trading

Fri, 13 Nov 2009 11:33:54 EST

The sophisticated institutional money has finally caught on to what many retail investors have known for years--mainly, that options can provide excellent opportunities to hedge portfolio risk, enhance potential portfolio returns and help enable more prudent use of capital.

Two Madoff Programmers Arrested

Fri, 13 Nov 2009 11:22:20 EST

The Securities and Exchange Commission has charged two of Madoff's former computer programmers for their role in covering up the fraud at Bernard L. Madoff Investment Securities for over 15 years.

DTCC Developing Solution for Cost Basis Reporting Requirements

Fri, 13 Nov 2009 10:02:30 EST

DTCC is developing a solution to help firms comply with a mandate requiring the reporting of adjusted cost basis information to investors and the government.

Bloomberg Enhances CMBS Tools

Fri, 13 Nov 2009 09:26:02 EST

Bloomberg has further enhanced its analytical tools for the CMBS market with the introduction of new capabilities that allow users to view more information around an issue based on detailed economic and interest rate conditions.

Tullett Prebon Launches tpMatch for FRAs

Thu, 12 Nov 2009 09:50:11 EST

tpMatch is the latest in a series of electronic trading solutions that the global IDB has rolled out across a broad range of products.

Nasdaq OMX Continues Norwegian Expansion

Thu, 12 Nov 2009 09:49:43 EST

Nasdaq OMX Stockholm is continuing its expansion by offering on Norwegian securities with four additional shares for trading, extending its offering to include the 30 largest Norwegian shares.

Palestine Chooses SMARTS Market Surveillance Solution

Thu, 12 Nov 2009 09:38:05 EST

Pricing and Valuation Services: The Search for Transparency

Wed, 11 Nov 2009 11:30:55 EST

Regulatory demand for increased transparency is driving firms to revisit and enhance pricing and valuation processes, often using vendor technology.

Knight Launches Knight Link in Europe

Wed, 11 Nov 2009 09:44:53 EST

Knight Capital Group has launched its Knight Link trading model for European equities.

TowerGroup Regulation Outlook: Risk And Derivatives Top List

Tue, 10 Nov 2009 14:01:23 EST

Regulation and the many anticipated changes coming in the next year were the focus on a briefing hosted by TowerGroup and Sybase this morning.

Chi-X Global Builds Out Asia-Pac Team

Tue, 10 Nov 2009 10:53:12 EST

Chi-X Global, the holding company for regional Chi-X market centers and the Chi-Tech solutions provider, has expanded its Asia-Pacific sales team with the addition of Christopher Brown and Raks Sondhi.

Tradar Appoints Gerry Gualtieri as Chief Executive Officer

Tue, 10 Nov 2009 10:02:12 EST

Tradar Limited today announced that Gerry Gualtieri has been named to serve as the company's Chief Executive Officer.

SmartPool Adds BofA Merrill Lynch and CA Cheuvreux

Tue, 10 Nov 2009 10:00:56 EST

European dark pool signs up three additional investment banks and expects to bring them online in coming months

Chi-X Europe Launches Chi-Delta Pricing Promotion

Tue, 10 Nov 2009 09:51:11 EST

Effective from today through the end of the year, Chi-Delta executions resulting from passive orders (non-IOC or FOK) will be charged 0.15 basis points, a reduction from the standard 0.3 basis points. Executions resulting from aggressive orders (IOC or FOK) will continue to be charged 0.3 basis points.

ConvergEx to Acquire NYFIX U.S. Transaction Services Business

Mon, 9 Nov 2009 11:15:36 EST

Acquisition Complements ConvergEx's Advanced Execution Technologies; Expands Sell-Side Client Base

StreamBase Connects to Canada's Pure Trading

Mon, 9 Nov 2009 11:05:43 EST

StreamBase's connectivity to Pure Trading reflects the exchange's goal of enabling the Canadian trading community to take advantage of cutting-edge trading technologies, while delivering cost savings and enhancing the competitiveness of the Canadian markets.

ICAP Launches New Data Service

Mon, 9 Nov 2009 10:59:08 EST

ICAP FIX is a comprehensive data service providing accurate and verifiable marks across an extensive range of ICAP market data.

Tora Integrates Tradar Insight

Mon, 9 Nov 2009 10:16:33 EST

Tora and Tradar have completed the integration of their Tora Compass and Tradar Insight products.

What Will 2010 Bring for the Buy-Side Trading Desk?

Mon, 9 Nov 2009 10:15:02 EST

The events of the past year and a half forever altered the financial markets. With the fall of top firms, the rise of volatility, the glaring publicity around high-frequency trading and a dramatically new regulatory climate, the trading desk of 2010 is in for some major changes.

Cuttone & Company Appoints Nunley SVP Institutional Sales

Mon, 9 Nov 2009 09:58:59 EST

Blake Nunley has joined Cuttone & Company as senior vice president of institutional sales. Based in Dallas, Nunley will oversee growth of the firm's electronic trading solutions in the region, particularly Cuttone's direct market access platform.