Pyxis Mobile Appoints IT Vet As New CEO
Steven Levy, who replaces Bob Mazzarella, co-founded and served as CEO for 15 years at Macgregor, an order management system (OMS) provider, where he led the sale of the software firm to ITG for approximately $250 million.
Colocation and Liquidity Provisioning: An Uneven Playing Field
Enhanced access to trade execution venues has attracted considerable attention from the industry, the media and regulators. Batterymarch’s Director of Trading Dragan Skoko discusses how colocation has tipped the balance between liquidity providers and users.
Is The SEC's Circuit Breaker Inviting Rogue Traders?
The test run of a market-wide circuit breaker instituted last month by the U.S. Securities and Exchange Commission has been well-received across Wall Street, but could it open a Pandora’s Box of rogue behavior as currently constructed?
SEC Circuit Breaker May Not Have Stopped May 6 Crash
Shares of Citigroup Inc. triggered alarm across Wall Street last week when an erroneous trade sent the banking giant’s stock down 17 percent, activating the U.S. Securities and Exchange Commission's two-week old circuit breaker.