Brokerage Archive

Large international brokers are in for a war of attrition in the battle for global capital markets survival, according to leading analysts. read more>

The battle for Scandinavian market share is set to intensify with a new initiative from domestic exchange operator Nasdaq OMX Nordic to attract overseas flow and the implementation of the London Stock Exchange's Millennium Exchange platform at Oslo Børs. read more>

The Australian Securities and Investments Commission has fined JP Morgan Securities Australia $30,000 for performing two off-market special crossings, which is prohibited in the country. read more>

Institutional trading and brokerage firm BTIG has hired long-time trader Eddie Benson to expand its presence in Europe. read more>

US investment bank Wedbush Securities has tapped Nomura Securities International for a new director to lead its equity trading unit. read more>

The recent move to fold parts of Nomura’s equities business into Instinet will trigger a boon for the agency-broker in resources, increase the opportunity to provide a holistic service to the buy-side and help it expand into new asset classes. read more>

Bank of America Merrill Lynch has selected FTEN, a provider of risk management tools owned by Nasdaq OMX, to bolster surveillance of its European cash equities clearing business. read more>

With Nomura looking to shift its focus to Asia, ex-Japan its execution services in the region are being moved to its agency broker Instinet, with an eye to further unbundling in the region. read more>

Order handling practices rated as the top concern for the buy-side in quarterly broker reviews, with 40% of respondents to the latest poll on theTRADEnews.com highlighting continued concern over the sell-side's ability to balance client interests with venue rebates. read more>

UBS has launched Quant HQ as a new service for quantitative trading firms. The new offering uses solutions from the Swiss bank’s Prime Services and Direct Execution units. read more>