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.
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.
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.
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.
Executive Changes at Nasdaq OMX
Bryan Hyndman is leaving his post as SVP Transaction Services U.S. to assume run sales for Global Data Products, while David LaValle was hired to run Nasdaq OMX's ETF business.
Gain Capital Opens Singapore Office
Gain is looking to expand business development efforts in Asia for GainGTX, an institutional electronic communications network launched in March.
First New York Securities
First New York Securities operates a proprietary trading business from its midtown Manhattan trading floor, which houses teams that execute across multiple asset classes, including U.S. Equities, international equities, commodities, foreign exchange, Treasuries, futures and options, and macro rates.