Trading

Incoming CEO of BATS looks to expand firm through FX forwards

Incoming CEO of BATS looks to expand firm through FX forwards

Chris Concannon will be taking the reins at BATS Global Markets Inc. with an eye toward expanding the firm's trading in foreign-exchange forward contracts and possibly in precious metals.

February 24, 2015 | 05:22 pm
Investors warming up to trading venues being created by manager groups

Investors warming up to trading venues being created by manager groups

The development of buy side-owned equity trading venues has attracted interest from long-term investors.

February 23, 2015

Luminex offers a wake-up call for dark-pool operators

To U.S. dark-pool operators, the development of an exclusive managers-only trading venue, Luminex Trading & Analytics LLC, is a splash of cold water on the face of an industry that some managers...

February 23, 2015 | 12:01 am
European Commission calls for 2-year pension fund exemption on clearing rules

European Commission calls for 2-year pension fund exemption on clearing rules

Pension funds in Europe should be granted a further two-year exemption from compliance with new central clearing rules for over-the-counter derivative transactions, said a report from the European...

February 04, 2015 | 02:42 pm

Clearbrook appoints head of hedged index strategies

Manit Rye was named managing director and head of hedged index strategies at Clearbrook Global Advisors.

January 29, 2015 | 11:55 am

Money manager group unveils dark pool for stock trades

A group of nine fund managers has teamed up to start a dark pool dedicated to large stock trades that will open later this year.

January 20, 2015 | 03:48 pm
SEC approves new transparency rules on swaps trades

SEC approves new transparency rules on swaps trades

Most swaps trades will have to be reported to the public under rules approved by the SEC on Wednesday.

January 14, 2015 | 01:35 pm
Direct Edge Holdings to pay $14 million in SEC settlement

Direct Edge Holdings to pay $14 million in SEC settlement

Two Direct Edge exchanges now owned by BATS Global Markets will pay $14 million to settle charges of improperly describing stock orders, the SEC announced Monday.

January 12, 2015 | 01:40 pm

BATS Global Markets proposes fee cuts, other changes for equity exchanges

BATS Global Markets on Tuesday proposed that equity exchanges implement tiered market-access fees that would cut those fees for the 200 most actively traded U.S. stocks by 80%.

January 06, 2015 | 05:37 pm
 J.P. Morgan settles investor foreign-exchange rigging lawsuit

J.P. Morgan settles investor foreign-exchange rigging lawsuit

J.P. Morgan Chase & Co. agreed to settle a lawsuit over its role as one of a number of banks that allegedly rigged prices in the $5 trillion-a-day foreign-exchange market.

January 05, 2015 | 03:36 pm

PIMCO portfolio manager dismissed over improper trading

Rahul Seksaria, a PIMCO portfolio manager running inflation-protection strategies, was dismissed after CME Group fined him for improper trades.

December 30, 2014 | 04:38 pm

European agency seeks more disclosure of soft dollars

The European Securities and Markets Authority is demanding greater transparency and disclosure in the way money managers use client commissions to pay for research from brokers.

December 22, 2014 | 11:36 am
Major changes are coming following FX crackdown

Major changes are coming following FX crackdown

Last month's $4.4 billion in fines against six major banks over foreign exchange price manipulation has spurred FX trading along the same path as trading in equities and fixed income: more...

December 22, 2014
Goldman once again tops list of prime brokers

Goldman once again tops list of prime brokers

Goldman Sachs remains the top pick for hedge funds and investment firms as their main prime broker, with 27% of respondents, followed by Morgan Stanley (17%) and J.P. Morgan (8%). The data are from...

December 08, 2014 | 03:11 pm
State Street Global Markets shuttering its derivatives clearing business

State Street Global Markets shuttering its derivatives clearing business

State Street Global Markets will close its U.S. derivatives clearing business early next year and has halted plans to launch a similar business in Europe.

December 05, 2014 | 01:21 pm