Sell-Side Technology/Feature
Citi Takes Bats Trading Stake
NEW YORK—Global banking giant Citi has hedged its bets again for a post-Regulation NMS U.S. market by taking a minority interest in Kansas City, Mo.-headquartered Bats Trading, which runs the Bats ECN.
Howard's End
It is obviously difficult to gauge a person's expression over the phone, but last week it seemed that eSpeed chairman, CEO and president Howard Lutnick was sporting an ear-to-ear grin as he announced the merger of electronic inter-dealer broker eSpeed…
Stuff Happens
Back in my college days, I took a job as a file clerk at a global tier-one bank. Working in the bowels of an office tower in downtown Buffalo, N.Y., I noticed that on my manager's desk was a vanity bumper sticker that read: "T.W.H.I.P." I asked him what…
Staggering Into Summer
Late last week, the New York Stock Exchange and the Nasdaq Stock Market experienced what my family mechanic would best describe as an "oopsie."
How Fast Is Fast Enough?
While in London last week, I found myself in conversations about execution latency almost every day. Besides smart order routing and defining best execution, it seems to be the most popular topic in the City.
Gaining the Edge
Technologists are all too familiar with the mantras of the trading desk heads: "I want it faster" and "I want it better."
Paying for the Grid
If there's one word buzzing through the financial services community's datacenters these days, it's "grid." Most investment banks can't get enough of them and many already have computing and data grids numbering in the tens of thousands of nodes, while…
What's Next for Transatlantic Exchanges
THE DALY OPEN
GFI, Icap Enter OTC Clearing Deal
FRONT PAGE: DERIVATIVES TRADING TECHNOLOGY
FSA: City Ready for Flu Pandemic
FRONT PAGE: CONTINUITY AND RECOVERY
Borsa Italiana Suffers New Year's Glitch
FRONT PAGE: EXCHANGE TECHNOLOGIES
Derivatives Trading Goes Electronic
FRONT PAGE: DERIVATIVES TRADING TECHNOLOGIES
Asia Faces Three-Week Wait for Repairs
FRONT PAGE: NEWS ANALYSIS
Expect Big Changes in 2007
SPECIAL REPORT
So Much for a Quiet New Year
THE DALY OPEN
Shareholders Approve Transatlantic Exchange
FRONT PAGE: NEWS ANALYSIS
Nasdaq Turns Hostile In LSE Bid
FRONT PAGE: NEWS ANALYSIS
Murphy & Durieu Upgrades ABS Offering
FRONT PAGE: FIXED-INCOME TECHNOLOGIES
Slouching Toward Cross-Asset Trading
SPECIAL REPORT: DWT YEAR IN REVIEW
In 2006, Grids Go Mainstream
SPECIAL REPORT: DWT YEAR IN REVIEW
Algos: Over-Hyped but Growing
SPECIAL REPORT: DWT YEAR IN REVIEW
Where Has the Time Gone?
THE DALY OPEN