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.
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.
Why Wall Street is So Irresponsible
Look at the latest example, MF Global, which imploded due to a combination of a lack of risk controls, improperly supervised trading, and internal politics that permitted over-leveraged, inadequately collateralized trades.
Is TCA a Crock?
A high-ranking official at an electronic marketplace contends that buy-side trading desks are measuring the wrong things with TCA.
Transaction Tax Proposals Not Gaining Much Headway
Due to staunch Republican opposition in both chambers of Congress, such a tax has almost no chance of becoming law in the United States. The issue is also front and center in Europe as the G20 summit kicks off in Cannes this week.
Markit Acquires QSG
The global financial information provider, known for derivaiives valuations and trade processing, is looking to enter the equities trade analytics business with QSG.