Wall Street & Technology is part of the Informa Tech Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Closing In On SAC, FBI Arrests Portfolio Manager
Federal agents arrested the portfolio manager of the largest hedge fund in the country. After a week of buying mansions and Picassos, is SAC Capital founder Steve Cohen next?
Winton Capital’s Hedge Fund Closes Amid No Interest
One of the world’s largest hedge funds Winton Capital announced that its Henri Capital spinout will close after two years of trading due to a lack of clients.
Hedge Fund Manager Cohen Buys Wynn's Picasso for $155 million -Report
Hedge fund manager Steven A.
Cohen has bought a famous Picasso painting from casino mogul
Steve Wynn for a record price, according to a report in the New
York Post on Tuesday.
Bonaire Software Releases Revport for Invoice Reconciliation
The software enables fund managers, fund distributors and fund administrators to simplify and automate the process of reconciling invoices from different intermediaries.
Columbia University Professor Analyzes HFT
Based on what it calls 'the first meta-analysis of HFT,' Columbia Business School Professor Charles Jones finds that high frequency trading benefits liquidity and lowers trading costs, echoing other academic studies.
Captrust Financial Advisors Deploys Linedata Front Office Suite
The wealth management firm will manage its institutional equity and fixed income business through Linedata's consolidated platform covering portfolio management, trading, pretrade compliance and reporting.
Derivatives Trading Revenue Rose 73 Percent in Fourth Quarter
Trading revenue at U.S. banks increased 73 percent last quarter, on a surge in trading of over-the-counter interest rate derivatives.
U.S. Top Court Won't Hear Goldman Class Action Appeal
Goldman Sachs Group Inc
suffered a defeat on Monday as the U.S. Supreme Court let
stand a decision forcing it to defend against a class action
lawsuit claiming it misled investors about the risks associated
with mortgage securities.
HFT Has Run Its Course In The U.S. Equity Market
High-frequency trading has blown through the business life cycle stages in five short years and is already on the decline.
The 27-Year-Olds Are Taking Us Down (Again)
The young financiers making the mistakes change but the flaws in the incentives and risk models at the heart of the global financial system remain basically unchanged.
PT Schroder's to Go Live with Omgeo CTM in Indonesia
PT Schroders Investment Management Indonesia will use Omgeo's central trade matching services to communicate trade details with broker/dealer counterparies, while advocating post-trade automation to Indonesian broker community.
Is Citi Safer Than JPMorgan?
The newest stress tests for U.S. banks produced scores that are at odds with other measures of lenders' safety, in another sign that some institutions may be too big for regulators to understand and executives to manage.
Can We Do Better? Take the Securities Industry Objective Quiz
We should be honest about our true objectives.
Twitter, Social Media are Fertile Ground for Stock Hoaxes
Prominent short-seller David
Einhorn raised eyebrows last month when he popped up on Twitter
to disavow that he had tweeted about Herbalife Ltd.
Icahn Says Dell Agrees to Confidential Look at Books
Dell Inc has agreed to give
Carl Icahn a closer look at its books less than a week after the
activist investor joined a growing chorus of opposition to
founder Michael Dell's plan to take the world's No. 3 personal
computer maker private.
Bitter Hedge Fund Divorce Battles For Custody of the Algos
A long-running divorce between two hedge fund giants isn't over who gets the mansion or the yacht - but who gets to keep the trading algorithms.
Hedge Fund Portman Square Scales back, CEO Steps Down — Sources
The chief executive of
one of Europe's most talked-about new hedge fund firms has
stepped down in a bid to save costs after a big investor pulled
its support, people familiar with the situation said.
Meet The Unquantables: The SEC's Quant Team Briefs the FBI
The jig’s up. The SEC’s team of quants is briefing the FBI and other regulatory bodies about how you trade and evade at high speeds.
IT Spending Expected To Grow 5% In Financial Services
A new IDC report shows that as the economy stabilizes, financial firms will spend more on technology in 2013.
Legg Mason May Cut Funds, Offices — CFO
Legg Mason Inc may trim
the number of funds it offers and offices it operates, but does
not expect major cost-cutting like that begun in 2010, the asset
manager's chief financial officer said on Tuesday.
Meet The Top Hedge Fund Billionaires
Forbes' recent listing of the top hedge fund managers and traders who are billionaires is pretty much what you would expect.
The Buy Side's Elusive Hunt For Alpha
The buy side is crunching transaction data, automating algorithmic trading decisions and building analytics in an effort to more effectively track down alpha.
The iPhone 6 is On Its Way
Will it be bigger? Smaller? Cheaper? Faster? We take a look at some of the latest rumors.
As Washington Frets, Markets Take Sequester Spending Cuts in Stride
Broad spending cuts designed to slam most government programs were set to begin taking effect today, yet investors have so far barely batted an eyelash.
|