Content posted in November 2011
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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.
LotusGroup Improves Data Management In the Cloud
LotusGroup Advisors eliminates manual processes and grows assets under management with the help of cloud-based data management solutions.
Cloud of Uncertainty Over Entire U.S. Financial System
A look at the S&P's shock downgrade of major banks worldwide.
U.S Trading Solutions Vendors Zoom Into Australian Market
Broadridge and Bloomberg have announced they are making new inroads in the Australian market.
Why Dubai Could Be A Banker's Next Best Career Move
As Citi, Credit Suisse and UBS among others lay off thousands of employees, a banker's best bet might just be in the emerging markets.
MF Global's Disappearing Cash
Although $200 million in cash from MF Global has surfaced at JP Morgan in Britain, customers may never see the money.
Hedge Funds Don’t Expect Major Impact From Dodd-Frank: Survey
The research contrasts with the widespread perception that the financial services community is wholly against the new market rules in the United States and Europe.
Big Data May Be the Final Frontier on Wall Street
Data is becoming all-encompasing on the Street -- for both compliance and trading, says Larry Tabb.
Market Message Volume Bursts Increase in Frequency and Severity
As market data volumes skyrocket, market participants struggle to handle inceasingly frequent message spikes.
MiFID II Places High-Frequency Trading Squarely in European Regulators' Crosshairs
Under the new MiFID II proposal, European regulators are focusing even greater scrutiny on dark pools and high-speed trading. On the bright side, the law won't take effect any time before 2013.
TradingScreen Adds Two FX Liquidity Providers
The addition of BNP Paribas and Merrill Lynch boosts liquidity for buy side customers using TradingScreen's FX liquidity network.
Impacted by MF Global, Patsystems Receives Takeover Offer
ION Trading has until Dec. 26 to make a cash offer for the trading software house, which is owed substantial revenues by MF Global.
Extreme Volatility Is The New Way For The Markets
Volatility is here to stay. But what's driving the market swings?
Algos Once Again Come Under Fire
Rogue algos have been increasingly scrutinized by regulators and critics since the Flash Crash.
Quant Hedge Fund CEO Supports Transaction Tax Proposal
The European Commission’s controversial financial transaction tax proposal is getting support from an unlikely source: the head of the largest hedge fund in the world to trade off of quantitative analysis.
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.
Crazy Market Swings - Inside the New Normal
We had better get used to the recent market volatility because the steep swings will be here for a while.
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.
Bankers Finally Recognize Appetite For Wealth Management Apps
Still, while they are taking small steps in the right direction, financial organizations still have a way to go to meet and exceed their wealth management clients' expectations.
Bank of America Told to Clean Up its Act
Regulators have delivered a warning to Bank of America: Clean up your act or face enforcement actions.
Wall Street 2011 Bonuses Fall 30 Percent
Poor market conditions and increased regulatory scrutiny contribute to large drop in 2011 bonuses.
Buy-Side Firms Remain Suspicious of High-Frequency Trading
A large slice of the buy side remains concerned about interacting with toxic, high-speed order flow. But many firms continue to struggle to find ways to deal with it.
High-Frequency Traders Prowl The Web For Even More Data
Market data both on and off the web is skyrocketing and as hedge funds rebound, they are trying to digest it as quickly as possible.
Senator Calls For MF Global Hearing
After MF Global's trustee announced that $1.2 billion in customer funds are missing from the bankrupt MF Global, Kansas Sen. Pat Roberts is calling for the company's CEO Jon Corzine to testify before a Senate agricultural committee.
Direct Edge To Open New Exchange in Brazil, Home To Hottest Emerging HFT Market
The NJ-based exchange will competing with BM&F Bovespa for a share of the algo trading market, which has recently seen both locals and U.S. traders tap into low latency opportunities.
Direct Edge To Launch Brazilian Exchange In Q4 2012
The move places Direct Edge in direct competition with the Sao Paulo-based BM&F Bovespa, the world's third-largest exchange and second-largest in the Americas by market value.
Algos for Active Traders
Fidelity Investments is offering two algorithmic trading strategiesto its most active trader clients, placing them on a more level playing field with institutions.
Pipeline Moves to Divest Milstream
Following a management shakeup, Pipeline acknowledges that buy-side customers are not comfortable trading in the Block Market ATS as long as Milstream, the controversial trading affiliate, is given access.
Mexico Takes Huge Steps To Boost Its Position In High-Speed Trading Market
The Mexican Exchange, which is the second largest exchange in Latin America, announced a number of strategic and technology initiatives designed to promote foreign investment in the Mexican financial markets and its position as a Latin American leader in high-frequency trading.
Regulation May Spell the End of High-Speed Quant Trading
Despite the money that Wall Street is spending on Washington lobbyists to try to neuter the Dodd-Frank Act, quantitative trading is going to face greater scrutiny in the coming years.
How the Buy Side Can Survive and Thrive Amidst Electronification
The electronification of trading has increased the transparency standards to which the buy side is held. Here's a checklist to help firms thrive amidst electronification in the year ahead.
The 9 Most Notorious Insider Trading Cases of 2011
Of the 57 insider trading cases brought by the SEC this year, Advanced Trading highlights nine standouts, like the case of Raj Rajaratnam, in a rogues gallery of accused and convicted inside traders.
Hedge Funds Shunning Facebook and Twitter
Only 1 percent of hedge fund managers use Twitter and none are on Facebook, according to a survey conducted by MHP Communications.
MF Global Post-Mortem Is Underway
Federal prosecutors have issued subpoenas and the trustee charged with recovering the money has hired a team of 200 accountants.
Linedata Teams Up With Interactive Data To Provide More Global Market Data
Vendors are seeking more seamless ways of aggregating and presenting data to risk managers.
Pipeline Shakes Up Management Following Scandal
After settling SEC charges over its dark pool violations, Pipeline tapped a former Liquidnet executive. But can the firm bounce back after lying to its buy-side customers?
Emerging Market Hedge Funds Rebound But See $197 Mln Q3 Outflow
Emerging market hedge funds reversed their September losses with a strong October, but investors remain skittish about allocating fresh capital because of a highly volatile marketplace, a report by Hedge Fund Research Inc. contends.
Investor Demand for Hedge Funds Rebounds Following Terrible Third Quarter
Although hedge funds just endured one of their worst quarters ever, steadfast institutional investors aren't racing to cash out.
Pipeline's Bombshell Hurts All Dark Pools
Trust in dark pools takes a hit as the SEC charges Pipeline with filling customer orders via an affiliated trading entity rather than by matching them against other customer orders, as advertised.
Does Occupy Wall Street Stand A Chance of Rising Again?
A look at what protesters now need to do.
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Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.
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