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Commission Shrinkage Complicates Life for Buy Side
As the trading slump caused equity brokerage commissions to contract through Q1 2012, institutions upped their research payments to the sell side. But where does that leave electronic trading?
A Modern Trend: Suite-Based Portfolio Management Systems Are The Latest Must-Have for RIAs
While many RIAs still struggle with manual, outdated or disparate systems, firms such as AZA Capital Management are transitioning to integrated suite-based portfolio management solutions to improve productivity, reduce costs and enable growth.
Is Co-Sourcing The New Outsourcing for Asset Managers?
Co-sourcing could be a model that both large funds and start-ups consider as they grapple with uncertain economic conditions.
'Corzine Rule' Proposed for Futures Brokers
Under a proposed rule, futures brokers would need to get approval from a top executive before making big withdrawals from customer accounts.
Can Brokers Evolve to Avoid Extinction?
In a "A Night At The Museum" Fidessa's Steve Grob explores how brokers must adapt to keep the Buy Side up and running.
Betting on a Further Facebook Fall
The options markets do not have high hopes for the social media giant. Next stop: $10 a Share.
Meet the Hedge Fund Manager on the Other Side of the JPMorgan Bet
His name is Boaz Weinstein and he turned Jamie Dimon's lemon of a bet into sweet lemonade.
Knight Capital Hit by Possible $35 Million Facebook Loss, Wants Nasdaq to Pay
Electronic trader Knight Capital said it suffered a pre-tax loss of $30 million to $35 million on the botched Nasdaq trading debut of Facebook.
Quant Looks for Human Touch
The man who brought quantitative trading to Goldman Sachs is starting a new fund with greater oversight of the process - by real people.
Fisher Investments Opens Sydney Office
With a new Australian subsidiary, the money manager is looking eastward.
Ex-Millennium Collison Shuts Asia Hedge Fund
The closure is the latest in a growing list of hedge funds to shut shop in the region.
Fidelity Works to Calm Customers' Facebook Concerns
Nearly a week after the initial
public offering of Facebook, Fidelity Investments
signaled it is still dealing with customer confusion over
whether they actually own shares in the social media company.
China Embarks on Sweeping Brokerage Sector Reforms
China's securities regulator is planning
to introduce a raft of reform measures to transform the
brokerage sector, with an aim to create globally competitive
investment banks, a regulatory document showed.
Oaktree Io Invest $225M in Diamond Foods
Diamond Foods said on Wednesday that Oaktree Capital Management will invest $225 million in the company to recapitalize its balance sheet.
Ingersoll CEO Met With Peltz's Trian Fund
Ingersoll Rand Plc's CEO
said he met with executives of Nelson Peltz's Trian Fund, which
this month revealed it had taken a 7 percent stake in the air
conditioning and security systems maker.
Facebook, Zuckerberg, Banks Sued Over IPO
Facebook Chief Executive Mark Zuckerberg, and several banks led by Morgan Stanley were sued by shareholders, who claimed the defendants hid the social networking leader's weakened growth forecasts ahead of its $16
billion initial public offering.
Omgeo and Blackrock Push for T+O in Taiwan
Omgeo is working with investment managers across Taiwan, including Blackrock, the world's largest money manager, to eliminate inefficiencies and trade fails through same day affirmation of trade details on T+0.
Facebook's IPO Fail: What Went Wrong on the Nasdaq
As Nasdaq deals with the fallout of Facebook's IPO flop, Bloomberg's Matt Miller tried to get some answers from Cuttone & Company's Keith Bliss
Renaissance Capital Joins Sungard Global Network
Offers direct access to Russian equity markets for buy side institutions,following an exchange merger and changes in market structure and settlement procedures.
JPMorgan's Whale in a Fishpond
Former Kansas City Fed President Thomas Hoenig suggested banks that are too big to fail are also too big to exist, and should be broken up.
Barclays to Sell $6.1 Bln BlackRock Stake
British bank Barclays is
selling its near-20 percent stake in U.S. asset manager
BlackRock, worth $6.1 billion, as tougher global
regulations have cut the attraction of such holdings.
Merrill Lynch Empowers Its Financial Advisers With Cutting-Edge Technology
To boost the productivity of its most skilled financial advisers, Merrill Lynch partnered with Charles River to customize a browser-based portfolio trading platform. By Ivy Schmerken
Nasdaq Swoons on Facebook Open
The exchange-operator had to postpone the listing of the social media giant for half an hour this morning.
MF Global Clients Bash Fat Fees, Seek Quick Wind-Down
The legal team winding down MF Global's
bankruptcy estate, led by former FBI director Louis
Freeh, estimates the fees charged by the team and other
professionals have reached nearly $25 million since the
bankruptcy was filed in October.
JPMorgan CEO Gets Crisis Marks But War Isn't Over
Shooting from the hip may have got Jamie Dimon into deep trouble -- shooting straight may help to get him out of it.
The iPhone5 Is Almost Here, And It’s Going To Be Big
A multitude of rumors about Apple's latest smartphone have been swirling around the web. Here is a low down of what it is expected to look like.
Facebooks Debuts on Wall Street
Investors are bracing for Facebook's Wall Street debut on Friday after the pioneering online social network raised about $16 billion in one of the biggest initial public offerings in US history.
Big Insights Lacking at "Best Ideas" Hedge-Fund Event
A highly anticipated hedge-fund conference where managers are invited to share their "best ideas" with investors fell flat on that score.
Lone Pine Capital Taps SS&C's Form PF Solution
Hedge fund chooses SS&C's web-enabled Form PF application for compliance with a new rule that requires investment advisers and private funds to provide data to the Financial Stability Oversight Council for monitoring systemic risk.
JPMorgan Trade on Regulators' Radar in April
Regulators first raised concerns in April about trading positions that led to a $2 billion-plus loss at JPMorgan Chase.
Inside the Education of a Quant
Wall Street firms may be shedding jobs, but they still need quants. Baruch College's Jim Gatheral and Dan Stefanica discuss what's in store for the Quant Class of 2012.
Why Wall Street Is Hungry For Quants, Even As It Shrinks
Quantitative analysis is the fastest growing area on Wall Street. Advanced Trading explores why quants are in such high demand, what the next generation of quants is learning, and how the buy side is putting them to work.
TradeKing and Zecco Merge To Challenge “Big 5” Brokerages
The merger of the two competing brokerages, which are leaders in the social media space, makes sense for several reasons.
What If Goldman Sachs Lost a $2 Billion Bet?
Wall Street golden boy Jamie Dimon is in a PR nightmare - usually the realm of Goldman Sachs. What would the reaction be if the CEO in the penalty box were Lloyd Blankfein?
JPMorgan Loss Shows Risks In Safe-Haven Banks
JPMorgan Chase & Co's $2
billion-plus trading loss stems from an embarrassment of riches,
as like other banks that came out well from the financial crisis
it has surplus money burning a hole in its pocket.
Romney Campaign Defends JPMorgan Loss As Market Risk
U.S. Republican presidential
candidate Mitt Romney's campaign said on Tuesday JPMorgan Chase
& Co's huge trading losses were an unfortunate part of a
free market economy.
For Regulators, JP Morgan’s $2 Billion Loss Is Really Not A Big Deal
Besides stress tests, the Fed has not produced any alternative way of truly guaranteeing the stability of the financial system.
Is JPMorgan "Too Big to Manage"?
JPMorgan's surprising $2 billion trading loss begs a post-financial-crisis question: Are America's biggest banks simply too big to manage?
Guggenheim Investments Picks NAV Platform
In a move to eliminate spreadsheets and reduce operational risk, Guggenheim chose Milestone Group's pControl platform to automate the production and control of net asset values.
JPMorgan Dents Teflon Image with $2 Billion Trading Loss
Jamie Dimon, JP Morgan's CEO, apologized for the $2 billion error but says he is still opposed to the Volcker Rule.
Euro's Future Very Uncertain, Ex-British PM Tells TD Ameritrade Investors
If any European leader were to give a speech in my place, they would insist that the Euro will survive, Tony Blair said at the meeting in New York.
Netik Launches vMobile for Data Management
Emphasizing security and entitlement, vMobile positions Netik to extend the reach of its data management solutions to iPads, Androids and Blackberry Playbook devices.
Fortress Commodities Fund To Close After Losses
U.S.-based Fortress Investment Group said the hedge fund will cease operations around May 23.
Bernanke: US Banking System Healthier After Crisis
Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. banking system has made substantial progress toward becoming healthier since the financial crisis but noted there still were problem lending areas.
Hedge Funds Must Search for Alpha Compliance, Too
Hedge funds must alter their approach to compliance as they face a new level of scrutiny from both regulators and investors, says NICE Actimize's Stephen Anikewich.
How Broker Order Routing Choices Cost the Buy Side Billions
In a new report, Woodbine Associates explains how "sub-optimal" routing by brokers costs the buy side up to $5 billion a year.
Portware Acquires Aritas Group
Aritas offers a suite of predictive analytics and trade optimization solutions designed to reach alpha and minimize trading costs for institutional investors.
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