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ConvergEx's RealTick Adds Wells Fargo Securities to Broker Network RealTick's global broker dealer network includes Bank of America Merrill Lynch, Barclays Capital and BNP Paribas,
Survival Of The Fastest in Tomorrow's Electronic Trading Markets The SEC's new Market Access Rule "15c3-5" will require big investments in new ultra-low-latency technology, but only those who get it right will be on the winning side of the street, contends Tibco's Rourke McNamara, Sr.
Don't Mess With Warren Buffett! Berkshire Hathaway releases an audit report accusing David Sokol of misleading Buffett about his personal trades.
GoodFellas II: The Feds Are Watching Traders At Home The FBI told a hedge fund trader they "had recorded his conversations for a very long time, that they knew 'everything' about him and his family and friends," sparking a debate about the rights and wrongs of wiretapping.
Q&A with BATS Founder, Tradebot Chairman Dave Cummings Six years ago, as many Wall Street players fretted about fewer trading options and reduced competition after Nasdaq and the New York Stock Exchange each swallowed Island Instinet and Archipelago, BATS Global Markets founder Dave Cummings saw an opportunity.
Market Data Glitch Pushes Nasdaq To Address Losses A trading outage on Monday affected more than 80 securities and the now the market maker is dealing with angry clients.
Merlin Securities Unbundles Multi-Prime Analytics Package Offers standalone analytics package to broader universe of money managers, without requiring them to be prime brokerage clients.
Cetova Introduces New Trading And Risk Management Reporting Package The off-the-shelf solution is designed for market makers, asset managers, hedge funds and institutional firms.
Inside the Prop Trading Exodus Despite being given plenty of wiggle room by regulators to comply with the Dodd-Frank Act's ban on proprietary trading, Wall Street's biggest banks are wasting no time dismantling their prop desks.
Tradeweb to Integrate Tervela's Messaging Layer Tervela will provide Tradeweb with an enhanced messaging layer to integrate into its existing electronic trading infrastructure.
How To Get Fired By Goldman Sachs We like to think that most companies treat their employees with common courtesy. Think again.
Q&A With Rep. Barney Frank Congressional Republicans are playing a dangerous political game with their bid to delay new derivatives rules until 2012, according to Rep. Barney Frank.
CZ Capital Switches to Paladyne European hedge fund implements Paladyne's FastStart as fully-hosted front-to-back-office solution, replacing Linedata Beauchamp.
Hedge Fund Managers Sour on Obama Heading into 2012 It appears U.S. hedge fund managers are doing their best to swing the White House and Senate back to the Republicans in 2012.
Tradeweb to Integrate Tervela's Messaging Layer Tradeweb is addressing the information distribution demands of a worldwide network of electronic fixed income and derivatives trading customers.
Rajaratnam Gets His Money's Worth With Solid Defense Considering the mountain of evidence suggesting Raj Rajaratnam’s guilt in the Galleon Group insider trading case, most prognosticators expect a conviction, and with it a harsh prison sentence.
Bernanke Is Set To Boldly Go Where No (Fed) Man Has Gone Before The Federal Reserve chief is expected to hold a news conference this week and answer questions from journalists, signaling a startling break from tradition for the central bank.
Deutsche Bank To Report SuperX ATS Data Plans to supply average volumes and trade sizes to independent research firms Rosenblatt Securities and TABB Group.
Why NYSE Shareholders Will Probably Spurn Nasdaq Much to the chagrin of those who are loathe to see the New York Stock Exchange fall into foreign ownership, NYSE Euronext shareholders are more likely to accept Deutsche Borse's offer rather than Nasdaq OMX and InterContinental Exchange's rival bid.
Buy, Sell or Hold With Twitter? As a U.K. hedge fund taps the social network to predict market moves, industry participants argue that Twitter may be ineffective - or even dangerous - as a sole forecaster.
Deutsche Bank Sells Retail FX Unit to GAIN Capital Deutsche Bank, the world's largest FX provider to institutional investors, announced it agreed to sell its retail FX unit to GAIN Capital Holdings Inc.
Citigroup Called Out For Trying To Spin Weak Q1 Results Citigroup is catching some grief over its transparent attempt to disguise weak first-quarter earnings.
IPC Unveils Blue Wave Application Development Platform To Boost Trading Communications IPC's new application development platform sits within the new Unigy solution, its recently launched unified platform for trading communications and applications.
Hedge Fund Managers Predict Strong Performance in 2011: Survey Happy days are evidently here again for hedge funds, even as the fragile global economic recovery plods along.
Can A BlackBerry Tablet With No Email Impress Wall Street Professionals? RIM launched its PlayBook tablet today.
RBS Launches BlackBerry PlayBook App With this app, RBS's global institutional clients can obtain critical market information on the fixed income, commodity and currency markets.
Advisers Ditch Cold Calls for Social Networks For financial advisers, using cold calls to drum up new business is quickly going the way of VCRs, CD players and the desktop computer: to the dustbin of history.
Nasdaq OMX-ICE Deal Has Merits The Nasdaq combination wtih NYSE would create the largest U.S. equity trading venue, reduce technology costs for traders and diversify ICE's derivatives business.
SEFs Will Improve Global Swaps Market: Survey A wide range of market participants believe swap execution facilities will improve the derivatives trading market, according to research conducted by Tabb Group.
Technology Management Provider Genpact and SmartStream Aim To Give More Control To CFOs The deal will allow Genpact, a finance and accounting services expert, to leverage SmartStream's new TLM Account Reconciliation solution.
Restarting the Engines of Growth The process of becoming a public company is broken. The SEC needs to reform the rules to revive the stalled IPO market and spur growth.
Nasdaq OMX Names New CFO Nasdaq OMX Group, which is embroiled in a bid to buy NYSE Euronext, announced the hiring of Lee Shavel as its chief financial officer and executive vice president of corporate strategy.
Balancing Latency vs. Cost The days of Wall Street firms and clients building data centers in the "race to zero latency" are nearly ending, contends David Kelly, Thomson Reuters Enterprise CTO.
Nasdaq Appoints Ex-Bank Of America Merrill Lynch Exec As New CFO Lee Shavel is an 18-year veteran of Bank of America Merrill Lynch.
Clooney to Tackle Wall Street Bailouts in New Film George Clooney's history with drugs and women will prevent him from ever running for office, but his past won't stop him from trying to influence public thought through film.
NYSE Technologies Unveils Liquidity Centers in Chicago, Toronto NYSE Technologies, the commercial technology arm of NYSE Euronext, announced the launch of liquidity centers in Chicago and Toronto that are designed to help traders access key global markets more quickly.
Wall Street Is Moving To North Carolina Deutsche Bank, Fidelity, and Credit Suisse are among firms ramping up operations in unexpected metro areas.
J.P. Morgan Worldwide to Clear Knight Capital's Trades on UBS MTF Providing clearing and settlement services on UBS MTF continues JPM's strategy to offer access to multiple exchanges and trading platforms.
Should Insider Trading Become Legal? From the trial of Raj Rajaratnam, to the largest insider trading scandal in New Jersey history, the government has been cracking down hard on criminal activity on Wall Street.