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Françoise César
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Market operator BATS Global Markets has begun providing monthly reports which compare quality of order execution for all US exchanges on a stock-by-stock basis. read more>
A newly-launched industry initiative to standardise administrative messages on swap execution facilities aims to automate exchanges between dealers and clients across multiple swaps platforms. read more>
Wedge Partners, a provider of technology, media and telecoms research in the US and China, has signed a deal to use execution services from US agency brokerage Rosenblatt Securities. read more>
Technology provider ConvergEx has released an algo designed for pre-market trading on US venues, a new strategy that it says will help buy-side traders execute large-sized trades before markets open. read more>
As a European financial transaction tax draws closer, calls for a similar levy in the US have been reignited. But the political will for a US FTT is limited, with industry experts warning a tax would dampen trading volumes and curtail economic growth. read more>
US buy-side traders are looking to new solutions to split commission payments between bulge-bracket brokers for execution and niche research providers, as smaller brokers refuse to sign commission sharing agreements. read more>
Goldman Sachs has confirmed it will combine two separate broking entities in a bid to offer more streamlined equity trading services to clients. read more>
Agency broker ITG has released a new algo that targets the point at which US exchanges release imbalance information to better tap into closing auction liquidity. read more>
Bank of America Merrill Lynch has launched new functionality within its US alternative trading system, Instinct X, that aims to offer the buy-side greater block trading opportunities. read more>
Knight Capital has revealed plans to combine its sales trading and electronic execution businesses. read more>