ECN Experts Debate Electronic Trading Issues at Financial Tech Expo
Wall Street & Technology brought together-for the first time ever-representatives from the nine electronic communications networks, the Nasdaq and two ECN portals, to discuss issues that include market fragmentation, after-hours trading, benefits to investors and a central limit order book (CLOB).
NYMEX Inches Closer to For-Profit Demutualization
The NYMEX is evaluating a demutualization proposal that calls for the exchange to convert its members' seats into two classes of stock and create a for-profit, Delaware incorporated holdings company.
Reality Online Signs on With Javelin
Reality Online has signed an agreement to integrate Javelin Technologies' FIX engine into its suite of electronic trading solutions, Reuters Electronic Broker.
All Eyes On The Horizon
The sun sets on a year of sweeping changes, giving rise to a new era in financial technology.
Calling for the Next Revolution!
TheStreet.com's James Cramer's offers his take on the capital markets process at the Financial Technology Expo in New York City.
A Tale of Two Firms
AXA Financial and H&R Block are combining technologies to forge ahead in the investment management arena.
With market prices fluctuating by the second, the "time is money" attitude of electronic brokerage firms has fueled the war between ECNs and the "middleman." Daytraders are looking for more opportunities, faster execution times and lower transaction costs to make them victorious in Y2k.
SG Cowen Securities Joins NYFIX ATS
SG Cowen Securities Corp. last week joined a group of minority investors that have purchased stakes in NYFIX Millennium, an alternative trading system.
S.W.I.F.T.'s Sibos September 13-17 conference in Germany addressed issues including global straight-through processing, standards and continuous linked settlement. Sibos is a forum where banks, brokerages, fund managers, custodians and vendors get together from around the world to discuss global issues related to operations.