Brokerage Archive

Block trading platform operator Aritas traded €2 billion in Europe via its algorithmic switching service Alpha Pro last year, suggesting there is a market for algorithms which deal with difficult trades. read more>

US full-service investment bank Wedbush Securities has launched its execution solutions group and ultra-low latency trading platform, powered by technology from high-speed trading technology provider Lime Brokerage, which the firm acquired in June last year. read more>

As the Saudi Stock Exchange (Tadawul) prepares to open up to direct foreign investment for the first time, Japanese investment bank Nomura has been authorised by the country’s Capital Markets Authority to offer indirect access to Saudi equities via p-notes. read more>

The securities division of South Korean electronics giant Samsung has eschewed its aspirations of becoming an international broking powerhouse and will cull its international staff and close down foreign offices, according to sources familiar with the matter. read more>

Brokers should focus on reducing failed trades and developing proactive client-facing staff if they want to win buy-side business, according to the latest annual survey of broker performance provided by financial services consulting and benchmarking firm McLagan. read more>

The historic corporate broking business Hoare Govett is to be sold to US investment bank Jefferies as Brewin Dolphin’s brokerage begins trading in Spanish hands. read more>

UBS has released algorithmic trading strategies for equities on Mexico’s Bolsa Mexicana de Valores. read more>

J.P. Morgan has added access to 15 new futures markets to its Neovest execution management system as part of a drive to build up the global platform. read more>

A leading UK trade body has warned delays returning client funds by failed broker MF Global may mean buy-side firms will pick up the tab before they receive their own money back. read more>

The Japanese securities industry needs to invest in co-location technology to reduce trading latency, as well as upgrade its core trading systems and adopt cloud computing solutions to increase efficiency and reduce costs, argues a new report by financial research firm Celent. read more>