Program trading Archive

US-based market making firm Knight Capital has announced that it will cut jobs and close its equities trading desk in Hong Kong due to the continuing deterioration of market conditions. read more>

US-based broker Knight Capital Group has launched Knight Global, a new program trading service for institutional investors in the Americas, Europe and Asia. read more>

US-based agency broker and trading technology provider ConvergEx has added predictive functionality to its algorithm for trading small orders. read more>

Japanese investment bank Nomura has made several hires to its US-based global portfolio trading team, including two former Merrill Lynch directors. read more>

Penserra Securities, a US-based institutional agency broker, has hired Jason Valdez to its global program trading team. read more>

Fidessa, a provider of buy- and sell-side trading technology, has enhanced the program trading functionality of EMS Workstation, its broker-neutral, low-latency trading platform for equities and equity derivatives. read more>

Buy-side traders are struggling to align their execution capabilities with the objectives of portfolio managers because of the single-stock focus of trading tools and execution venues, according to a new report from research and consulting firm TABB Group. read more>

Weeden & Co, a full-service institutional broker, and Pragma Financial Systems, a quantitative financial technology provider, have launched OnePipe Plus, a liquidity aggregator for displayed and non-displayed US trading venues. read more>

Inter-dealer broker ICAP’s historical tick data is now available through market data vendor Thomson Reuters. read more>

Market makers are more effective than electronic order books in delivering price improvement on Nasdaq-listed stocks, according to a new report by financial research and consulting firm Celent. read more>