Americas Archive

April 10, 2014

Half of mid-tier hedge funds without compliance officer

One in two US hedge funds managing between US$1-5 billion does not have a full time compliance officer and only 20% have a dedicated risk manager, increasing trading-related risks to other market participants, new research has shown. read more>

April 10, 2014

Phone recorder works with regulator to increase compliance

A US tech provider offering buy- and sell-side firms the ability to record phone calls has teamed up with regulators to push for transcription-based recording rules to improve compliance. read more>

April 09, 2014

IEX not anti-HFT, says founder

IEX not anti-HFT, says founder

US trading venue IEX, which has been the focus on intense media coverage since featuring in Michael Lewis’ ‘Flash Boys’ book, is not anti-high-frequency trading said its chief strategy officer, Ronan Ryan. read more>

April 08, 2014

Liquidnet hires TABB's Adam Sussman

Institutional block crossing platform Liquidnet has hired Adam Sussman, former director of research for research consultancy TABB Group as head of market structure and liquidity partnerships. read more>

April 07, 2014

IEX sets volume record as HFT attention smolders

IEX sets volume record as HFT attention smolders

US alternative trading system IEX last week set new daily and weekly volume records, but a senior executive has downplayed the impact of publicity for Michael Lewis’ new book on high-frequency trading. read more>

April 04, 2014

CDS trades jump on SEFs

Credit default swaps traded on swap execution facilities grew 75% from January to April, according to data compiled by the International Swaps and Derivatives Association, while rate swaps have seen little growth. read more>

April 03, 2014

NYSE edges forth in March volumes

The New York Stock Exchange executed 22.68% of US equities in March, up from 21.3% in February, as BATS Global Markets’ share of trading slips. read more>

April 01, 2014

Invesco to build proprietary trading algos

Invesco to build proprietary trading algos

Global asset manager Invesco will develop a number of equity trading algorithms internally to execute orders in the US market, but has said the move will not reduce its reliance on the sell-side. read more>

April 01, 2014

Sell-side adapts to liquidity consultant role, says Citi

The broker community is changing the way it operates with buy-side clients by taking a more consulting role in helping firms source liquidity in line with market structure and industry changes, Kevin Russell, global head of cash equity trading for Citi, has said. read more>

March 28, 2014

Cross-margining central to buy-side SEF trading

Use of collateral optimisation services such as cross-margining will decide where asset managers trade OTC derivatives on new swap execution facilities (SEFs), Sean Owens, director of fixed income at consultancy Woodbine Associates has said. read more>