Americas Archive

February 25, 2010

ConvergEx extends commission services to NorthPoint clients

ConvergEx Group, a trading technology and execution services provider, has made its commission management technologies and soft dollar services available to clients of its NorthPoint prime brokerage business. read more>

February 25, 2010

Interactive Data ramps up US high-speed connectivity

Interactive Data, a provider of market data and analytics, has boosted its co-location offering by expanding its 7ticks low-latency trading network in the east coast of the US. read more>

February 24, 2010

SEC instates new uptick rule for short sales

The US Securities and Exchange Commission (SEC) has adopted a rule to restrict short-selling in a stock if its value has dropped by 10% in a day. read more>

February 23, 2010

Knight seeks options growth with new hires

US-based agency broker Knight Capital Group has made a raft of new hires to strengthen its institutional options sales and trading teams. read more>

February 23, 2010

Flash ban likely, but Volcker “unworkable”

The US Congress and the Securities and Exchange Commission (SEC) could be close to passing legislation and rules that will, among other developments, eliminate flash trading and institute ‘circuit breakers’ for short-sellers, according to financial policy specialist Joseph Engelhard. read more>

February 23, 2010

Market cool on SEC’s real-time dark disclosure plan

Market cool on SEC’s real-time dark disclosure plan

The US Securities and Exchange Commission’s proposal to require real-time disclosure of non-displayed trading venues’ identities in the consolidated post-trade feed has received a frosty reception from market participants. read more>

February 18, 2010

Brokers connect to UNX’s trading network

Trading technology provider UNX has connected Girard Securities, Goldman Sachs Electronic Trading (GSET), Mizuho Securities USA, Rosenblatt Securities and UBS Investment Bank to its trading connectivity network. read more>

February 17, 2010

Nasdaq to boost fees for some order types in March

The Nasdaq Stock Market, exchange group Nasdaq OMX’s main US equities bourse, plans to introduce a fee for removing liquidity using its Mid Point Peg order type from 1 March and hike the routing fee for certain order types. read more>

February 16, 2010

BATS sets pricing for new options exchange

US equities bourse BATS Exchange has unveiled the price schedule for its new options platform, BATS Options, scheduled for launch on 26 February. read more>

February 16, 2010

New ConvergEx algo aims to simplify complex orders

ConvergEx Group, a US agency brokerage and trading technology provider, has released a new equities execution algorithm, Abraxas, which is designed to help traders manage challenging market conditions and handle difficult orders. read more>