Heightened volatility in the equity markets has led some money managers to seek excess return for their passive strategies through executing trades on individual index component shares away from the...
April 18, 2016
Two former State Street executives have been charged by the Department of Justice with scheming to defraud at least six of the bank's clients through secret commissions applied to billions of dollars ...
April 18, 2016
BATS Global Markets shares opened their first day of trading Friday at $22.88 a share, up 20% from the high end of the initial public offering price of $19 a share.
April 15, 2016 | 12:36 pm
Khaled Bassily, former head of transition management at ConvergEx Execution Solutions, was charged by the SEC with concealing from customers that they were paying higher execution costs than were...
April 15, 2016 | 12:42 pm
BATS Global Markets priced its IPO of 13.3 million shares between $17 and $19 a share, looking to raise up to $290.6 million, according to the company's filing Thursday with the SEC.
April 14, 2016 | 11:23 am
The International Monetary Fund warned that a U.K. exit from the European Union — nicknamed Brexit — “could do severe regional and global damage by disrupting established trading...
April 13, 2016 | 02:06 pm
Asset owners are more bullish on the future use of blockchain technology than money managers, said a survey by State Street Corp. and Oxford Economics.
April 12, 2016 | 03:55 pm
Seventy-eight percent of buy-side, sell-side and custodian respondents to an SS&C Technologies Holdings survey either expect the U.S. to eventually move to T+1 settlement or think such a move is...
April 11, 2016 | 03:33 pm
Pension funds are focusing more on ways to reduce their foreign-exchange trading costs by negotiating better terms with their custodians — in the case of one public pension fund, bypassing the...
April 04, 2016
Buy-side traders relying only on requests for quotes for interest-rate swaps pricing could be missing out on best execution by not taking order books into account, a report by Greenwich Associates...
April 01, 2016
BATS Global Markets agreed to acquire ETF.com, a data and analysis website and publisher focusing on exchange-traded funds, said a news release on BATS’ website.
March 31, 2016 | 12:07 pm
Joseph Gillingwater joined Northern Trust as head of fixed-income securities lending trading for Europe, the Middle East and Africa, and Asia-Pacific, said a spokeswoman.
March 31, 2016 | 11:28 am
Lack of liquidity in a key sector of the government bond market is now costing institutional investors billions of dollars annually in sharply widening bid/offer spreads. This post-financial crisis...
March 30, 2016 | 12:01 am
Brian J. Ourand, a former SFX Financial Advisory Management Enterprises Inc. executive, was found guilty Tuesday by a Securities and Exchange Commission administrative judge of misappropriating...
March 29, 2016 | 04:03 pm
Hedge funds are crowding into U.S. Treasuries, and that has bond traders bracing for more turbulence.