Profile of Kerry Massaro
Blog Posts: 524
Articles by Kerry Massaro
Financial firms once supported only the BlackBerry, but now Apple's iOS and the iPhone and iPad are gaining momentum across the Street.
Technology execs are jumping to other industries, including Silicon Valley start-ups, consulting firms and technology providers.
Market observers say a confluence of factors have contributed to the sluggish start for Thomson Reuters' Eikon, the company's next generation market data desktop.
As a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, most hedge funds have to register with the SEC by July 2011. Here’s everything funds need to know about registration and how to remain in compliance with SEC rules.
I caught up with Harrell Smith, Head of Product Strategy for Portware yesterday. We chatted about the world of high frequency trading, of course, as well as what Portware is working on in the coming months. The company has a lot on its plate and according to Harrell, has experienced 40% growth this year despite the woes that most other technology and trading firms are experiencing. That growth is coming from smaller proprietary shops as well as larger sell side institutions. In fact, Harrell sai
Yesterday I was invited to lunch with John Chen, CEO, Chairman and President of Sybase. Greg MacSweeney, Editor in Chief of Wall Street & Technology and I, dined with him downtown at Harry's, where we spent a good hour and a half discussing Sybase's plans for the financial services vertical.
Jeff, Brown, Senior Vice President of Electronic Brokerage Services at Fidelity Capital Markets Services, stopped by our offices today to chat about some of his firm's new areas of focus. The newest innovation is their three new liquidityseeking algorithms. (Back in June, I had written that these were being developed when I wrote a story, and created a photo gallery of Fidelity's new New York trading floor/
Major changes are afoot at many buy-side firms -- as well as at Advanced Trading, where Kerry Massaro has passed the torch to new top editor Cristina McEachern Gibbs.
Knight Capital Markets introduces a new pairs trading platform and pairs algorithms to help traders more effectively and more efficiently execute their pairs strategies.
Eurex will expand direct access to its products in a key North American market.
Thomson Reuters Extends Relationship with Market Data Consultancy to Support Worldwide Strategic Hosting Solution
ConvergEx offers North Point clients commission management technology.
The TCA services will be integrated into the TradingScreen infrastructure.
BNP Paribas Securities Services has chosen Asset Control, a financial data management solutions, to provide a centralized data management platform for “golden copy” securities reference data.
Low-latency ecosystem to provide trading participants with dedicated “dark fibre” connectivity to all displayed Canadian market centers from 151 Front Street data centre.
Company enters into white label partnership with Polaris Securities (HK) Limited, a subsidiary of one of Taiwan's largest securities firms.
Ohman will use the platform new warrants and ETF trading desk
Algorithm news may have seemed to quiet down, but many firms have been working hard behind the scenes, and now they are ready to make big changes this year.
Exponential-e connects Celeritas to FX markets in London and New York via ultra-fast network.
RBC has built a new 700 seat trading floor that houses equity, options and fixed-income trading.
Celfin Capital Develops Electronic Trading Capabilities with Fidessa
MF Global Makes Key Hires to Expand Institutional Products, Plans to Sell Equity Interdealer-Broker
If you're in Chicago, you might be able to catch the last night of a week premier of Floored tonight, a movie about the near extinction of Chicago pit trading. The movie takes a look at the personalities behind trading and how electronic trading changed their world. I haven't seen the movie, but the trailer looks captivating.
A Barron's column, by Steven M. Sears, describes it as:
His camera captures lots of broken men. Some are deformed by the pursuit of money; others struggle to rei
Panelists debate whether an algo gone wild could bring down the market.
ioinet v2 aims to provide traders with new perspectives on IOIs and advertised trades.
Chicago-based Gelber Group has selected OneTick, for tick data management and analytics.
RBC assembles key management team to tun e-trading and roll out new trading products.
Denise Shull, CEO of The Rethink Group, and Advanced Trading's recent Buy Side Trading Summit keynote, discusses the mood of the markets on CNBC. Shull says that there is a mix of optimism and caution.
Corvil to Provide Latency Distribution Statistics and Member Latency Ranking
Newedge Appoints John Fay as Head of Americas Region
ConvergEx Expands ETF Execution Capabilities with Launch of Dedicated Desk
Alternative Energy Investing, Public Insight and Trusted Sources added to Instinet Access program.
SunGard’s FastVal 3.0 provides financial institutions with transparency of the models and underlying market data used in the valuation.
TXC plans to incubate five teams in 2010 and is in active discussions with several high frequency traders seeking to establish their own high frequency firm.
RCN Metro's Financial Services Network Ring will Support ISE's New Trading System Migration.
ACTIV Financial Expands U.S. and European Operations to Equinix Singapore Data Center to Optimize Global Delivery of its Market Data Solutions.
The National Stock Exchange’s assets in U.S. listed Exchange-Traded Funds and Exchange-Traded Notes totaled a monthly record of $752 billion in November.
The global capital markets firm has hired Dan Braun as head of carbon trading, who will build the business and hire additional traders.
The new Open/Close Intraday File is available for beta testers for free through the end of the year.
Chi-X Europe Limited, operator of the largest pan-European equity multilateral trading facility (MTF), today announced the appointment of Alasdair Haynes as Chief Executive Officer, subject to standard regulatory approvals.
Chi-X Global Begins Application Process to Bring New PTS Platform to Japan
I just got back from Advanced Trading's fourth Buy Side Trading Summit. And although the event is off the record (no reporting using trader's or company names - a way to ensure the buy side feels free to open up -) I figured I'd share the top general takeouts from the event.
Institutional Clients Can Now Access Citi's Market Leading Options Platform
Institutional clients can now access Citi's options platform.
Bloomberg has further enhanced its analytical tools for the CMBS market
with the introduction of new capabilities that allow users to view more
information around an issue based on detailed economic and interest rate conditions.
Palestine Chooses SMARTS Market Surveillance Solution
Regulatory demand for increased transparency is driving firms to revisit and enhance pricing and valuation processes, often using vendor technology.
The London Stock Exchange crashed yesterday due to a technical problem related to a server. The outage affected one in twelve stocks for 40 minutes from 3:04 until the market closed. Check out this story on the outage.)
Tradar Limited today announced that Gerry Gualtieri has been named to serve as the company’s Chief Executive Officer.
Effective from today through the end of the year, Chi-Delta executions resulting from passive orders (non-IOC or FOK) will be charged 0.15 basis points, a reduction from the standard 0.3 basis points. Executions resulting from aggressive orders (IOC or FOK) will continue to be charged 0.3 basis points.
Acquisition Complements ConvergEx’s Advanced Execution Technologies; Expands Sell-Side Client Base
StreamBase’s connectivity to Pure Trading reflects the exchange's goal of enabling the Canadian trading community to take advantage of cutting-edge trading technologies, while delivering cost savings and enhancing the competitiveness of the Canadian markets.
ICAP FIX is a comprehensive data service providing accurate and verifiable marks across an extensive range of ICAP market data.
High-frequency trading did not spring up out of nowhere -- as the media coverage sometimes makes it seem -- but the practice's future holds many questions.
Staying ahead of the news isn't always just about the latest tech advancements or industry moves.
The focus on transparency, liquidity and flexibility are the primary drivers of the managed accounts phenomenon.
Tullett Prebon and Calypso Technology Launch service to help firms actively manage risk.
Patsystems has further extended its global reach by providing connectivity to the Taiwan Futures Exchange, TAIFEX.
Phase3 Provides Cantor with a Consolidated Platform for US and UK Equities and Fixed Income Securities Processing.
Industry Experts Joe Anastasio and Michael Haworth to Co-Lead Group
Bob Gasser, CEO, of ITG is testifying today before the Senate Subcommittee on Securities, Insurance, and Investment Committee on Banking, Housing and Urban Affairs on the topic of dark pools, flash orders, high frequency trading and other market structure issues.
His testimony can be read :
Funds Management Division of AmInvestment Bank Group Selects SunGard’s APT for Multi-Asset Fund Risk Modeling, Analysis and Reporting
Ali Samad-Khan, a world-renowned expert in risk management, has announced the formation of Stamford Risk Analytics.
Inter-Pacific Securities uses SunGard’s GL Net for direct market access to Malaysia
And the saga continues. CNN's Chloe Melas reports on a recent lawsuit filed by former Madoff investors claiming that "Madoff's workplace was rife with cocaine and sex." The 264-page law suit claims Madoff "financed a cocaine-fueled work environment and a "culture of sexual deviance."" The complaint alleges Bernard Madoff Investment Services was known by insiders as the ""North Pole", in reference to the excessive amount of cocaine use in the work place." The law suit also
claims that "Madoff di
In an SEC meeting today in Washington, D.C., the regulator proposed a new rule that ultimately aims to move flow out of the dark and into the lit markets.
TradingScreen Connects to BGC Partners’ eSpeed
A media advisory from Senator Charles Schumer's (D-NY) office was released today announcing that he will hold a conference call with Duncan Niederauer, CEO of NYSE Euronext today at 12:30 to urge the Securities and Exchange Commission to institute a series of reforms to better regulate dark pools.
New Chicago data center space offers Telx customers direct market access and ultra low latency connections via 7ticks network.
RiskMetrics Recomends NYFIX Stockholders Vote Yes to NYSE/Euronext Merger
The new market called BX is for companies that do not qualify for an exchange listing.
Shareholders challenge Goldman Sachs as it prepares to pay record bonuses; file shareholder resolution early.
Middle East investment bank, EFG Hermes, joings Fidessa’s network.
DTCC plans to relocated a significant portion of Northeast staff to New Jersey.
Integrates Fox River Algos and Execution Solutions with INDATA Precision Trading.
The Boston Options Exchange (BOX) has named Tony McCormick as its Chief Executive Officer, effective immediately.
SunGard has enhanced GL RIMS to provide a solution for the Moroccan Securities Industry.
J.P. Morgan introduces broker-dealer fee lock solution for depositary receipt issuance & cancellation
Check out this developing story on Penson Financial Services, which was accused of a serious securities law violation (approving a large naked short) by Rolling Stone columnist Matt Taibbi. Penson wrote a letter to the SEC denying any wrong doing.
Here is a story that appeared in The Business Insider that recounts what happened.
Why Penson's Letter To SEC On Matt Taibbi Changes Everything
SunGard extends asset arena offering to provide risk management and consulting services.
Chi-X Canada and IFS Introduce Historical Data Service
UBS hires 18 investment bankers to expand energy banking.
StreamBase Launches a new library of execution strategies for high frequency trading.
As DirectEdge plans to roll out two new next gen trading platforms, it sent the below note to it's users:
HSBC Asia-Pacific CEO Sandy Flockhart discusses the firm's management restructure in order to further develop the banks focus on emerging markets and China.
ISE’s Portfolio of First Trust Advisors ETFs Now Exceeds $500M AUM
Northern Trust’s tools provide risk attribution and VaR analysis.
SunGard’s Kiodex Real Time enhanced with expanded market coverage for commodity trading.
TradeStation launches prime brokerage division to capitalize on growing need of small and mid-sized hedge funds and investment advisers
The new TradeSmart X integrates into a single interface major functionality enhancements for liquidity access; execution management; cross-asset class trading and reporting delivered with a new look and feel.
Bloomberg Tradebook Launches Soft Limits
Options IT Acquires Colo Biz from BNP Paribas
The collaboration between Chi-X Europe and Liquidnet Supernatural is expected to enhance liquidity discovery opportunities for clients of both firms by bringing together liquidity sources whilst allowing anonymous trading with minimal market impact.
BGC Partners, an inter-dealer broker, raised over $10 million on its fifth annual global charity trading day.