Trading

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
Barclays suit another black eye for dark pools

Barclays suit another black eye for dark pools

A lawsuit filed by New York state against Barclays PLC was the latest hit to the image of dark-pool trading, providing yet another prod to increase trading venues' transparency while also potentially ...

July 07, 2014
Dow Jones tops 17,000 as June payrolls rise amid ECB stimulus

Dow Jones tops 17,000 as June payrolls rise amid ECB stimulus

The Dow Jones industrial average on Thursday climbed above 17,000 for the first time as data showed employers added more workers than projected in June and the European Central Bank disclosed details ...

July 03, 2014 | 03:36 pm
The Evolution of Trading: From Quarters to Pennies and Beyond

The Evolution of Trading: From Quarters to Pennies and Beyond

U.S. equity markets have been continuously evolving and at no point in history has the pace of change been faster than the last two decades. With high-frequency trading playing a significant role,...

June 26, 2014 | 03:08 pm
New York attorney general sues Barclays over dark-pool business

New York attorney general sues Barclays over dark-pool business

Barclays PLC is being sued by Eric Schneiderman, New York state attorney general, on charges of building its dark-pool trading business on false claims and fraud, favoring high-frequency traders.

June 25, 2014 | 05:36 pm
SEC expands its cross-border swaps rules

SEC expands its cross-border swaps rules

The SEC on Wednesday voted to extend its cross-border securities-based swap rules to include transactions executed by foreign divisions of U.S. banks when an affiliate’s trades are legally...

June 25, 2014 | 03:43 pm

Poll results: Would a proposal to reduce high-frequency trading help level the trading playing field?

Sixty percent of P&I Online readers believe it is possible to level the playing field if the exchanges change the way trades are executed.

June 16, 2014 | 02:46 pm
CFTC chooses new enforcement director

CFTC chooses new enforcement director

Aitan D. Goelman on Tuesday was named director of the Commodity Futures Trading Commission's enforcement division.

June 10, 2014 | 01:47 pm
Academics tackle  high-frequency trading problem

Academics tackle high-frequency trading problem

Three academics have identified a market structure they contend would enhance liquidity and stability, overcoming detrimental impacts to investors of high-frequency trading.

June 09, 2014
SEC chairwoman outlines proposals for dark pools, HFT

SEC chairwoman outlines proposals for dark pools, HFT

The SEC will consider requiring more disclosure of institutional trades made through dark pools and other automated trading systems, and require high-frequency traders to register as broker-dealers,...

June 05, 2014 | 03:20 pm
Theories rife over prospects for LSE-Russell deal

Theories rife over prospects for LSE-Russell deal

Speculation abounds that the London Stock Exchange Group PLC is on the verge of making the biggest acquisition in its 213-year history with a potential deal to buy Russell Investments, allowing the...

May 26, 2014
The advancement of a bad idea

The advancement of a bad idea

Eleven member countries of the European Commission are planning to introduce a financial transactions tax in 2016. If it takes effect as planned, the tax could cost pension funds, not only in Europe...

May 26, 2014

3 win AQR Insight Awards for high-frequency trading paper

Three academics were named co-winners of the $100,000 prize in AQR Capital Management's Insight Awards, for their paper on market dynamics and structure in an era of high-frequency trading, outdoing...

May 21, 2014 | 04:15 pm