A Bright Spot for Agency Brokers
As agency brokers expand into the alternative research area, they are becoming alpha generators, which turns out to be a more stable, if not growing, piece of the total commission pie.
'Flash Crash' Prompts a Rethinking of the Rules
The Flash Crash quickly spurred the realization that disparate regulation across the interdependent securities and derivatives markets is ineffective. As a result, the SEC and CFTC are wasting no time taking steps to shore up the market structure and to simplify and harmonize rules for all participants.
Thomson Reuters Launches Elektron In India
Working in collaboration with Netmagic Solutions Pvt., the new facility at the Bombay Stock Exchange will provide co-location hosting with a managed application environment, low latency connectivity to local market data and access to the Elektron global real-time network.
UBS Trading Floor
With 1,400 seats, 2,000 computers and 5,000 monitors, the UBS trading floor is noted by the Guinness Book of World Records as the largest single trading floor in the world.
NYSE Euronext Completes Migration of NYSE and NYSE Amex to U.S. Data Center
With the NYSE and NYSE Amex equities primary matching engines now inside the new data center, NYSE Euronext will begin the migration of its other markets as well as NYSE Technologies' diverse product portfolio that includes co-location services, direct data feeds, and trading infrastructure on-demand.
SEC Adopts New Proxy Voting Rules
Shareholders who own at least three percent of a company's shares continuously for the prior three years, would be eligible to nominate directors to a company's board.
Nasdaq OMX Unveils Volatility Target Index
Nasdaq OMX Group announced that it will launch a new volatility index in conjunction with Deutsche Bank’s global asset management segment, a system it said is designed to limit risk for investors dealing on the Nasdaq-100 Index.
Numerix Expands South Asia Presence With New Seoul Office
Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, announced the opening of a new regional office in Seoul, a move the firm said is aimed at capitalizing on the growing South Korean derivatives market.
FX Bridge Names Stephen Best CEO
FX Bridge Technologies, a provider of FX and options trading platforms, announced it hired Stephen Best as CEO, a post he assumes after a decade of overseeing complex trading strategies at several large firms.
TradeStation Integrates Futures Trading on Eurex
TradeStation Securities announced real-time trading in Eurex futures has been integrated into its platform, a move the firm said was driven by growing demand from traders seeking the ability to deal in a wider range of global futures markets.
Top 10 Cloud Computing Complaints
Leading industry experts respond to gripes that IT professionals have about the security, cost, and portability of cloud computing in the enterprise.
State Street Beefs Up Risk Analytics Tools
State Street Corp announced it enhanced its risk analytics tools with portfolio reallocation devices and economic stress tests to help traders grapple with a volatile market.
Knight Capital's Trading Floor
As speculation swirls that Knight Capital Group could go of out business after reportedly losing more than $400 million Aug. 1 when a software error misfired a program trade, causing mayhem in 148 listed stocks, regulators have the firm under a microscope. Advanced Trading takes you behind the scenes to view Knight's cavernous trading floor in Jersey City, N.J., where the firm's electronic trading operations and traders are based. Taken two years after it was built, the photos show how the floor is structured and include close-ups of the technology used on specific desks.
Broadridge Acquires NewRiver in $77 Million Deal
Broadridge Financial Solutions Inc. announced it acquired NewRiver Inc., a firm which specializes in electronic investor disclosure platforms, for about $77 million in a deal that’s expected to close later this month.
The Demise of the Corporate Data Center
To secure their infrastructure and processes, Wall Street firms have built up castle walls around their data for years. But electronic trading is creating cracks in those walls.