TowerGroup Update: Impact of Exchange Activities
The continued consolidation and globalization drive among exchanges will have "medium to high impact" on securities institutions, according to Dushyant Shahrawat, research director for TowerGroup's Security & Capital Markets service.
The Latest from BATS' Dave Cummings
Dear Trading Community,
"The Deal'n is Now Done"
BATS is happy to announce we have closed our funding round and raised an additional $45 million from new and existing investors. The new investor will be announced shortly in a separate press release.
We also have decided to stop talking about mergers with the regionals and remain independent.
Pulse Trading Launches Dark Book
And now there are 41...Pulse Trading has entered the fray of dark pool trading with the launch BlockCross, which had its first day of trading today (May 23). I talked to Mark Enriquez, managing partner of Pulse a few weeks ago and he told me a little about the system. He was hesitant to say too much because it had not yet launched. What he did tell me is that the system is open to both buy and sell side traders and they can determine with whom they want to cross. The system is geared toward bloc