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.
MF Global's Disappearing Cash
Although $200 million in cash from MF Global has surfaced at JP Morgan in Britain, customers may never see the money.
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.
Senator Calls For MF Global Hearing
After MF Global's trustee announced that $1.2 billion in customer funds are missing from the bankrupt MF Global, Kansas Sen. Pat Roberts is calling for the company's CEO Jon Corzine to testify before a Senate agricultural committee.
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.
The 9 Most Notorious Insider Trading Cases of 2011
Of the 57 insider trading cases brought by the SEC this year, Advanced Trading highlights nine standouts, like the case of Raj Rajaratnam, in a rogues gallery of accused and convicted inside traders.
Pipeline's Bombshell Hurts All Dark Pools
Trust in dark pools takes a hit as the SEC charges Pipeline with filling customer orders via an affiliated trading entity rather than by matching them against other customer orders, as advertised.