RBC Opts Against Spinning Off U.S. Trading Business into Hedge Fund
“We are actively working to restructure our proprietary trading business to comply with the Volcker Rule ahead of the July 2015 deadline,” Kevin Foster , a spokesman for Toronto-based Royal Bank, sai...
SEC nixes high-frequency trading platforms
In a purge of computerized markets, prompted by public outrage unleashed by Michael Lewis’ “Flash Boys,” the SEC’s campaign will see numerous enforcement actions, new rules and new business practices — a sweeping overhaul that could benefit the beleaguered New York Stock Exchange, The Post has learned.
"60 Minutes" Investigates High-Frequency Trading
"60 Minutes" correspondent Steve Kroft revealed Sunday night how a few stock market insiders are making billions in high-frequency trading. Kroft spoke with Michael Lewis, the author of "Flash Boys," about how insiders are raising the costs of stocks for ordinary investors.
Scrutiny for Wall Street's Warp Speed
Wall Street traders are used to waking up before dawn. But on Monday, they didn't rush to read the overnight news from Asia -- it was the latest from Michael Lewis....
Is the SEC protecting high-frequency traders?
"High-frequency traders are not adding liquidity at all. They are actually pulling liquidity away from the market."
New Boss Controls Asian and Middle Eastern Market Ports for Trade - Abu Dhabi
Abu Dhabi Ports Company (ADPC) announced on Monday the appointment of Gary Lemke as new executive vice president, ports.
SEC to hire former Finra exec to run trading division
SEC Chairman Mary Jo White has selected Stephen Luparello as the new director of the Trading and Markets Division, said the people, who asked to not be named because the decision hasn't been announce...
Former Hedge Fund Trader Julian Rifat Charged With Insider Trading
By Lewis Dean | February 12, 2014 14:40 PM GMT Julian Rifat, a former hedge fund trader at Moore Capital Management, has appeared in court charged with eight counts of insider trading....
Raj Rajaratnam's brother seeks dismissal of insider trading charges
NEW YORK (Reuters)—Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, urged a U.S. judge on Friday [Feb. 7] to dismiss insider trading charges leveled against him last year.
Quantitative Brokers Opens London Office, Hires Hedge Fund Vet
The New York-based algo brokerage has opened a UK office and hired Jonathan (Jonty) Field to lead its EMEA arm....