NYMEX Eyes Acquisition of BrentBroker.com
The New York Mercantile Exchange (NYMEX) is evaluating whether it should purchase a stake in BrentBroker.com, a soon-to-be-launched over-the-counter electronic communications network (ECN) covering the energy market.
A Conversation With Harley Lippman
This month, WS&T senior editor Robert Sales picked the brain of Harley Lippman, president and chief executive officer of Genesis 10, a software development and technology consulting firm specializing in e-commerce solutions.
CX Gets Green Light For Block Trading: Empowers Buy-Side Firms
In a decision that could heat up the battle for U.S. Treasury futures market share, the Cantor Exchange (CX) last week received permission from the Commodity Futures Trading Commission (CFTC) to perform block trades of its long bond and 10-year note futures products. The CFTCs approval will enable participants in CXs market to execute trades of 100 or more contractsfor the designated productsdirectly between each other, providing institutional investment managers with in
Gateway Financial Set to Go Live with FIXChange.net
Gateway Financial Solutions is planning to go live on Wednesday with FIXChange.net, a network for connecting buy- and sell-side traders directly to independent floor brokers on the floor of the New York Stock Exchange.
CSFB Rolls PrimeTrade FX Module
Targeting institutional investors who trade foreign exchange (FX) instruments, Credit Suisse First Boston (CSFB) has rolled out a FX module of PrimeTradeits Java-enabled front-end workstation application. Separately, CSFB has developed a PrimeTrade interface to the Austrian derivatives exchange, and is evaluating whether it should expand the front - end to cover options and emerging markets.
NexTrade Anticipates Exchange Status, Strikes Deal with Dreyfus
The NexTrade ECN has completed its formal application to become a for-profit stock exchange and is now awaiting final approval from the SEC. The proposed NexTrade Exchange is expecting to be operational by October of 2000, says Mark Yegge, CEO of NexTrade Holdings. In anticipation of gaining exchange status, NexTrade is teaming with BEA systems to build a high-volume stock trading system. NexTrade has also entered into an agreement with Dreyfus Brokerage Services to provide Dreyfus customers wit