The Trade News - Working for the buy-side

US equity brokers face commission cut this year – Greenwich

BenDyson — Thu, 09 Jul 2009 16:31:45 +0000

US equity brokers expect the commissions they earn from institutional trades of domestic equities to fall by 23% and hedge fund commission payments to drop by 32% in 2009-2010, according to the latest equity investor study from research and consulting firm Greenwich Associates. read more »

UBS offers electronic access to Israeli exchange

BenDyson — Thu, 09 Jul 2009 15:14:56 +0000

Swiss investment bank UBS has continued its push into emerging markets by launching its Direct Execution electronic trading suite in Israel. read more »

‘Flash’ orders still up for debate despite SEC approval – BATS

BenDyson — Thu, 09 Jul 2009 14:03:59 +0000

Joe Ratterman, CEO of US equities exchange BATS, has said he would welcome further discussion around the use of controversial ‘flash’ order types, despite the fact that US regulator the Securities and Exchange Commission (SEC) has approved them. read more »

European equity trading activity recovers in Q2

BenDyson — Thu, 09 Jul 2009 11:56:21 +0000

Following a slump in trade volumes and turnover across Europe in the first quarter of this year, both value traded and number of transactions have risen in the second quarter. However, values still fall short of the levels seen in last year’s fourth quarter, when the financial crisis hit. read more »

Townsend integrates trade pattern analytics into EMS

BenDyson — Thu, 09 Jul 2009 10:00:01 +0000

Execution management system (EMS) provider Townsend Analytics has teamed up with Trade Ideas, a real-time trade pattern and risk management analytics firm, to give customers access to the Trade-Ideas analytics tool via its RealTick EMS. read more »

UBS moves to rebuild European equity sales desk

BenDyson — Wed, 08 Jul 2009 16:43:40 +0000

Swiss bank UBS has appointed six executives to its pan-European equity sales desk, based in London, over the past week. read more »

BATS unveils plans for US options exchange

BenDyson — Wed, 08 Jul 2009 12:54:04 +0000

BATS Global Markets, the operator of US equities exchange BATS, has announced plans to launch a US equity options exchange, and is targeting live trading on the platform in early 2010. read more »

SOR delays thwart BlocSec growth

BenDyson — Wed, 08 Jul 2009 12:07:56 +0000

Ned Phillips, CEO of Asian dark pool BlocSec, has acknowledged that plans to bring sell-side liquidity on stream are taking longer than expected, but he denied that the crossing network had stopped taking on new clients. read more »

European tick sizes: a compromise too far?

BenDyson — Wed, 08 Jul 2009 11:34:34 +0000

While the industry has largely applauded last week’s agreement between exchanges, multilateral trading facilities (MTFs) and brokers to harmonise tick sizes across Europe, many acknowledge it is only a first step, and more effort is needed to create true unity. read more »

Credit Suisse seeks hedge fund growth in Asia with hire

BenDyson — Wed, 08 Jul 2009 10:26:36 +0000

Global investment bank Credit Suisse has appointed a new head of capital services in Asia-Pacific in an attempt to reconnect with its hedge fund client base in the region. read more »