Trading

Managers wring  more by trading away from close

Managers wring more by trading away from close

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

2 former State Street executives charged with fraud on trading commissions

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 shares open 20% higher than IPO price on first day of trading

BATS shares open 20% higher than IPO price on first day of trading

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

SEC sues former ConvergEx head of transition management

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 prices shares for IPO at $17 to $19

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
IMF warns Brexit could hurt trading regionally and globally

IMF warns Brexit could hurt trading regionally and globally

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

More asset owners see future blockchain implementation than managers — survey

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

Survey respondents see U.S. eventually with one-day trade settlement standard

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
Funds upping pressure to get best execution on FX trades

Funds upping pressure to get best execution on FX trades

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

Check order books as well as quotes for best execution in swaps, Greenwich report states

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 to acquire ETF.com

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

Northern Trust hires for EMEA, Asia-Pacific securities lending

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
Investment managers need access to better pricing in Treasury market

Investment managers need access to better pricing in Treasury market

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
Former SFX executive found guilty in SEC complaint

Former SFX executive found guilty in SEC complaint

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 fund invasion of U.S. Treasuries puts bond traders at risk

Hedge fund invasion of U.S. Treasuries puts bond traders at risk

Hedge funds are crowding into U.S. Treasuries, and that has bond traders bracing for more turbulence.

March 28, 2016 | 09:45 am