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The bankruptcy of Lehman Brothers has pushed counterparty risk back to the top of the buy-side trader’s agenda. According to Ian Yuill, a consultant at Investit, the fallout from the US Treasury Department’s refusal to bail out the US investment bank could haunt the financial markets for the next five years. read more>
The time taken by buy-side traders to complete orders during recent volatile markets declined steeply compared to August, according to GSCS Information Services, a post-trade transaction cost analysis provider. read more>
Hedge funds and traditional asset managers in North America will spend as much as $305 million on low-latency options trading infrastructures in 2011, up from $253m in 2008, according to estimates by Tabb Group, a research firm. read more>
Investment banks will revert to the smaller and more conservative institutions of 20 years ago as a result of the global financial crisis, according to Larry Tabb, CEO and founder of research firm Tabb Group. read more>
The Chicago Board Options Exchange (CBOE) and its subsidiary the CBOE Stock Exchange (CBSX) have launched a fully automated execution service for combined option and stock trades through a single electronic platform. read more>
FXMarketSpace, a centrally-cleared, global foreign exchange market, formed by a joint venture of Thomson Reuters and the Chicago Mercantile Exchange (CME) is set to close. read more>
Tora Trading, an Asian electronic solutions provider, has added the Credit Suisse Advanced Execution Services (AES) algorithmic suite for index futures to its TORA Compass trading platform. read more>
BNY ConvergEx Group, an agency brokerage, has launched FBW Direct, a new options trading facility to give off-floor clients the ability to route options orders electronically to new exchange-based floor broker workstations (FBW). read more>
The US exchange-traded equity options markets is to undergo a technological revolution, according to a new report from research firm Celent. read more>
J.P. Morgan has launched MorganDirect, a new proprietary foreign exchange trading platform that can be used from a client’s desktop or Blackberry 24 hours a day from any location. read more>