Trading

ITG plans to start dark pool for bonds under Posit brand

Investment Technology Group, operator of one of the oldest U.S. equity dark pools, is expanding into corporate bonds.

September 04, 2014 | 02:19 pm
Dark-pool operator IEX Group raises $75 million round of funding

Dark-pool operator IEX Group raises $75 million round of funding

IEX Group has completed a $75 million round of funding led by boutique venture capital firm Spark Capital.

September 03, 2014 | 12:56 pm
Questions over dark pools prompt changes in best execution

Questions over dark pools prompt changes in best execution

Recent investigations into dark pools and high-frequency trading are causing institutional investors to reconsider just what constitutes best execution — and how to measure it. And the pressure ...

September 01, 2014
Survey finds money managers not meeting compliance best practices

Survey finds money managers not meeting compliance best practices

Money managers and other financial service firms are not putting their money where their mouths are when it comes to compliance, a new survey finds.

September 01, 2014
SEC announces pilot program to expand tick sizes for small-cap trades

SEC announces pilot program to expand tick sizes for small-cap trades

The SEC on Tuesday announced a one-year pilot program to widen minimum tick sizes for small-cap stocks.

August 26, 2014 | 05:46 pm

CFTC appoints new secretary

Christopher J. Kirkpatrick was named secretary of the Commodity Futures Trading Commission.

August 25, 2014 | 02:14 pm
High-speed traders enlist former CFTC commissioner to improve image

High-speed traders enlist former CFTC commissioner to improve image

Former U.S. Commodity Futures Trading Commission member Bart Chilton, an outspoken critic of some high-speed trading practices while at the agency, has been enlisted in a Washington-based effort to...

August 21, 2014 | 05:08 pm
Asset owners mull tightening control  on trade execution

Asset owners mull tightening control on trade execution

Asset owners are paying a lot more attention to where their money managers execute trades — decisions that have generally been left to the discretion of the managers — and some are...

August 18, 2014

TradeWatch for August 18, 2014

August 18, 2014 | 12:01 am

Ex-CEO of ConvergEx Global Markets faces Justice, SEC charges

Anthony G. Blumberg, former CEO of ConvergEx Global Markets, a now-shuttered broker-dealer subsidiary of ConvergEx Group, was charged by the Justice Department and the SEC with concealing fees to buy ...

August 07, 2014 | 05:12 pm

Evercore acquires ISI, remaining 40% of its equities business

Evercore Partners agreed to acquire International Strategy and Investment Group, a research and trading business.

August 04, 2014 | 02:35 pm
Sanctions against Russia may lead to index changes

Sanctions against Russia may lead to index changes

Index funds might have to divest Russian securities under new sanctions.

August 04, 2014
Citigroup alternative trading system settles with SEC

Citigroup alternative trading system settles with SEC

Citigroup Global Markets' LavaFlow alternative trading system will pay $5 million — $2.85 million in penalties and the remainder in refunds to clients including money managers — to settle ...

July 25, 2014 | 03:54 pm
 Barclays wants dark-pool lawsuit dismissed

Barclays wants dark-pool lawsuit dismissed

Barclays on Thursday filed a motion to dismiss a lawsuit that claims the bank misled clients about the extent of high-frequency trading in its Barclays LX dark pool, saying the complaint does not...

July 24, 2014 | 11:11 am

CFTC commissioner appointed CEO at International Swaps and Derivatives Association

Scott O'Malia was named CEO of the International Swaps and Derivatives Association, the organization announced Wednesday.

July 23, 2014 | 01:29 pm