Goldman Gets Gangster with Tokyo Employees
Executives who parachuted in to give fearful employees a pep talk also conveyed a stern warning to its Tokyo staff, CNBC said. Don't leave Tokyo and don't leave Japan. If you do, don't expect to keep your job, CNBC reported, citing a person familiar with the matter.
Hedge Funds Bet on Asia Pacific
While the aftershocks of Japan's earthquake, tsunami and nuclear crisis continue to unfold, hedge funds are sprouting up in Asia Pacific and U.S. investors are buying Japanese ETFs.
Morgan Stanley Unveils VWAP for FX
Morgan Stanley announced the rollout of an over-the-counter algorithmic trading platform that provides institutional investors with flow-weighted average pricing in currencies.
Direct Edge CTO Steps Down
The exchange operator said Steven Bonnano will leave the company in May and that a search for candidates has commenced.
More Hacker Headaches for Bank of America
Nearly three months after shaking off WikiLeaks, Bank of America once again finds itself in the crosshairs of a web provocateur who's threatening to prove the firm is guilty of fraud.
FTSE Unveils iPhone Market Data App
Britain's FTSE Group announced the launch of an iPhone app that enables users to stream real-time market data and keep track of indices in more than 50 countries.
ICAP Launches Financial Tech Incubator
Euclid Opportunities will offer a seed funding and acceleration program to early-stage companies in post-trade risk management, data and other financial market applications.
Algo Testing Mandate a Solid, But Impractical Idea
CFTC commissioner Bart Chilton recently proposed a bold idea: Exchanges and regulators should test trading algorithms before they go to market and perhaps award them a "Good Housekeeping Seal of Approval" before launch.
Has the Hedge Fund Rally Hit a Bump?
Hedge funds are still riding the momentum generated by their strong finish to 2010, but does data from Hennessee Group indicate the good times are coming to a close?
Hedge Funds Want Their iPads
In addition to being an excellent platform for playing Angry Birds, Apple's iPad has the potential to push the laptop out of the picture at hedge funds.
Bonds.com Raises $6.5 Million
New ATS for professional fixed income traders receives additional financing from Oak Investment Partners and GFINet to focus on small-size executions.
NYSE Euronext, TSE Agree to Link Their Networks
In a follow-up to its merger with Deutsche Boerse, NYSE Euronext announced it reached a deal with the Tokyo Stock Exchange to allow their customers to access each exchange's markets through a linked network.