GETCO Buys BofA Merrill's Market Making Unit
The significantly expands GETCO's market making operation and responsibilities on the NYSE, making it the designated market maker for nearly 650 companies and 850 securities on the exchange.
A High-Frequency Trader Fights Back
With European politicians threatening high-frequency trading as we know it through proposed regulations and inflammatory rhetoric that's hardening the public's negative view of the practice, at least one industry official appears to have had enough and is fighting back.
IPC Rolls Out Financial Extranet
Focusing on capital markets, IPC Systems is launching Connexus, a cloud-based shared infrsatructure, offfering data connectivity services and applications to buy and sell side firms.
Algos for Active Traders
Fidelity Investments is offering two algorithmic trading strategiesto its most active trader clients, placing them on a more level playing field with institutions.
Pipeline Moves to Divest Milstream
Following a management shakeup, Pipeline acknowledges that buy-side customers are not comfortable trading in the Block Market ATS as long as Milstream, the controversial trading affiliate, is given access.
A Timely Revolution In Credit Value Adjustment
The new regulatory environment demands that credit value adjustment be both marked to market and actively hedged. Fortunately, powerful analytics tools have emerged to meet the need for fast, accurate and flexible exposure measurement and management, according to Markit's Nosheen Kahn and Paul Jones.
Will Europe Delay MiFID II?
As Europe melts down, the question is will the European Union delay the implementation of the latest version of MiFID? Don't bet on it.