Trading

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
Credit Suisse dumping fixed-income commodities trading

Credit Suisse dumping fixed-income commodities trading

Credit Suisse will exit the commodities trading business.

July 22, 2014 | 06:10 pm

BATS Global Markets president out

William O’Brien, president of BATS Global Markets, has left the company.

July 22, 2014 | 05:08 pm
Greenwich Associates: Goldman Sachs leads U.S. fixed-income dealers in market share

Greenwich Associates: Goldman Sachs leads U.S. fixed-income dealers in market share

Goldman Sachs holds the top spot among U.S. fixed-income dealers, according to a report from Greenwich Associates released Tuesday. Goldman had 12.1% of all market share based on institutional...

July 22, 2014 | 10:08 am
SEC investigating hedge funds in House committee insider-trading probe

SEC investigating hedge funds in House committee insider-trading probe

Some of the country’s largest hedge funds are being investigated by the SEC as part of an insider-trading probe.

July 17, 2014 | 05:41 pm

State Street reaches $60 million settlement over shareholder lawsuit

State Street Corp. has reached a $60 million settlement on a class-action lawsuit led by the $24 billion Mississippi Public Employees' Retirement System, Jackson, and Union Asset Management Holding...

July 09, 2014 | 03:56 pm
New Russell owners likely to keep only indexing unit

New Russell owners likely to keep only indexing unit

Russell Investments' asset management and consulting businesses will most likely be sold by the London Stock Exchange Group PLC, which is purchasing the entire firm for $2.7 billion, sources say.

July 07, 2014
Poll results: What will LSE do with Russell's investment management and consulting businesses?

Poll results: What will LSE do with Russell's investment management and consulting businesses?

Almost 35% of P&I Online readers believe London Stock Exchange Group PLC will keep Russell Investments' asset management and consulting businesses, according to a poll the week of June 30.

July 07, 2014 | 02:58 pm