Knight Capital
Money.Net returns, plans launch of new terminal in early 2022
Last year, the low-cost data vendor filed for—and emerged from—Chapter 7 bankruptcy protection after facing financial woes and a lawsuit from former investors. This new iteration will be led by several execs from broker Gain Capital.
Waters 25: A Look Back on the Last Two Decades
Waters examines some of the most important events in financial technology of the past 25 years.
Artificial Intelligence: From Winter to Spring
AI is experiencing a renaissance, but some are concerned that it could carry hidden risks.
Smartkarma Opens Hong Kong Office, Hires Research Vet Blennerhassett
The Hong Kong office will support Smartkarma's expansion in the region.
Former Citadel, Pico Tech Exec Baillargeon Joins KCG
Baillargeon has spent almost 20 years in trading and technology roles on the buy side and sell side.
Reg AT: A Source (Code) of Contention
Regulation Automated Trading was created to protect market integrity and update the CFTC’s rules as algorithmic trading proliferates. There are many areas where there’s consensus agreement as to the benefits of this proposed regulation, but Anthony…
Startup Analytics Vendor MayStreet Taps Ex-Knight, Citadel Exec for BizDev
Streltsoff will be based in San Francisco and report to MayStreet CEO Patrick Flannery.
Letting the CAT Out of the Bag
Thomas Sporkin and Timothy Coley lay out the business and regulatory arguments in favor of implementing the Consolidated Audit Trail in the US.
GreySpark Study Yields Pre-Trade Risk Best Practices
Recently published research from London-based capital markets consultancy GreySpark Partners has yielded a number of best practices designed to help sell-side firms manage a range of risks associated with their electronic trading activities.
US Treasuries' Trading Quietly Under Transformation, Panel Says
At a TabbForum event last week, a quartet of buy-side and sell-side participants highlighted how electronic trading in treasury bonds has advanced in the past 12 months, even if they've done so with little fanfare. Both opportunities and apprehension…
Risk Management a Challenge When Algos Go Rogue
In an article published in May, Waters explored the problematic task of performing market surveillance in automated, high-frequency trading environments. Another challenging area for algorithmic trading is that of risk management, when questions of risk…
Knight Capital and Getco Complete Transformation to KCG
With the completion of the merger between high-frequency trading (HFT) specialist Getco and broker-dealer Knight Capital, KCG was launched as a single entity on July 2, 2013, creating a securities firm of considerable size and scale in the US and global…
SEC Mandates Regular Testing of Technology
The Securities and Exchange Commission (SEC) has approved plans to replace voluntary testing of technology with regular, mandatory evaluations.
Getco Reveals Team for Life with Knight
Getco has released details of the management team that will lead the company, following the Knight Capital merger set to go through in the second quarter.
Cates Joins Rule Financial
Rule Financial, the London-based provider of advisory, business consulting, IT and software services to the investment banking community, has appointed Emily Cates as a principal consultant in the firm's Domain Group.
Congressman Lobbies SEC for HFT Crackdown
Representative Ed Markey (D-Mass.) has written to the Securities and Exchange Commission (SEC), advising it to curb the practice of high-frequency trading (HFT).
The Best of the Sell Side in 2012
The pick of Waters' sell-side coverage from the past year.
2012: A Year of Opinions
Highlights from Waters' opinion pieces over the past year.
KnightCo Looms, But First, Some History
Understanding the two behemoths at the center of the financial press these past few weeks, and the events that have led up to the present scenario.
Getco Outlines Merger with Knight in Board Letter
Electronic market-maker Getco has provided a solid outline of how a merger with Knight would operate in practice, in a formal bid submitted to the broker-dealer's board.
Getco Makes Takeover Bid for Troubled Knight
Chicago-based Getco has tabled a bid to buy fellow electronic market-maker Knight Capital Group, which has been struggling since an expensive technical glitch cost the firm $460 million in August.