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Tag Archives: Buy side

Goldman’s Next Step For Post-Blankfein Era; Buy-side voluntary clearing John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Since I will not be at the final day of MarketsWiki Education World of Opportunity on August 2, the JLN team will take turns introducing the speakers that day. Sarah Rudolph, Spencer Doar, Jeff Bergstrom and summer intern Robby Lothian will take turns. I will be in a hospital bed recovering from hip replacement surgery.~JJL For the first time in over 10 years, I will not be attending Boy Scout summer camp. My hip to be replaced the next week is too much to handle while living in a tent for a week.~JJL…

Nasdaq looks to grow into sell-side tech provider Feature,Video,video

Nasdaq is looking for a new client base – the sell side. Given its broad technology reach, the company believes it has the products and infrastructure that banks and brokers need in today’s regulatory and trading environment. Speaking to JLN at the FIA IDX event in London, Carl Slesser, head of product management, banks and brokers at Nasdaq, said such firms are more open to outsourcing or partnering with companies like Nasdaq. “We’ve seen a change in the appetite in the sell-side community to use vendors and partners,” Slesser said. “We’re going to launch an initiative to focus on that…

European watchdogs to clamp down on risky retail trading; China’s high-frequency traders in retreat after court verdict; Wealth Management Industry Hit by Lower Fees, Fewer New Clients John Lothian Newsletter,Newsletter

First Read Living With Uncertainty Again By Jim Kharouf, JLN Yesterday’s Trading Chicago event, co-hosted by FOW and John Lothian News, brought together more than 30 speakers and about 210 participants who addressed pressing issues for our industry – ranging from US and EU regulations to technology to markets. As was outlined by keynote speaker Craig Pirrong from the University of Houston, the industry is dealing with the ripple-on effects of the Dodd-Frank Act, or as he likes to call it, “Franken-Dodd.” His relentless critique of the act and subsequent rulemaking by US regulators ended with some resignation that the…

Virtu and Citadel Securities go head to head in HFT; Multi-asset services key for buy-side execution; Why do asset prices move? Newsletter,Options

Observations & Insight Things I Learned About Finance Bros by (Briefly) Dating a Finance Bro Tara Isabella Burton – The New Yorker It’s not that they’re actually ever mad at the valet. They just want him to learn. /goo.gl/d7Tmpa ****SD: Good for your daily dose of laughs (and some cringes). “They will take you to very trendy experimental-cocktail bars that they read about on Gothamist. They will encourage you to try something with twenty ingredients. They will order an Old Fashioned. Every. Single. Time.” Lead Stories Virtu and Citadel Securities go head to head in HFT Philip Stafford and Nicole…

Investors Look Past Headlines as Bull Market Roars Ahead; Wall Street’s Trading Revival Risks Relapse as Volatility Ebbs; Why the VIX Has Been Acting So Weird Newsletter,Options

Observations & Insight Bits & Pieces By John J. Lothian We have added Johan Toll of Nasdaq to our March 1 Stockholm MarketsWiki Education World of Opportunity event. He will speak about blockchain. Unfortunately, Patrick Thornton-Smith of Duco had a conflict come up and will not be able to present. We hope to get PTS in the fall in London. John Damgard has agreed to speak at our July 21 event in Chicago. We are beginning work on lining up speakers for this summer’s series. Chicago is scheduled for July 17, 19 and 21. New York is set for July…

Market change doesn’t have to be violent to hurt; U.S. Said to Probe Tullett, BGC, TFS-ICAP Over FX Options; Buy Side Looks to Fill Market-Making Vacuum Newsletter,Options

Observations & Insight Bits & Pieces Last call. Our MarketsWiki Education series in London will be held on Monday. Do you know any interns, students, or young professionals who would benefit from hearing about our industry from the likes of Scott O’Malia, Guy Simpkin, Steve Woodyatt, Steve Grob, Rob Russell, Andrew Gibbins, Cathy Lyall and more? It’s not too late to send them our way. Register http://bit.ly/1XxdC46. Hosted at the University of Chicago Booth School of Business, 25 Basinghall St, London EC2V 5HA, there are three 90 minute sessions: from 10:00 to 11:30, 13:00 to 14:30 and 15:00 to 16:30….

Counter (party) intuitive – Fidessa White Paper Blog

by Steven Strange, Compliance Product Manager Pressures from all sides are driving buy-side firms around the world to pay ever-closer attention to counterparty exposure. Asset managers are looking critically at their existing processes for monitoring and controlling counterparty risk and often finding them to be inadequate. Here Steven Strange, Compliance Product Manager at Fidessa, looks at how the counterparty landscape has changed for the buy-side, and what can be done to ease the burden.

John Lothian Newsletter: U.S. Buy-Side Firms Threaten to Stop Trading Swaps Unless Fees are Reduced; New Blood at LSE Makes Further Growth Likely; Clamour for change on Europe’s banks John Lothian Newsletter,Newsletter

June 13, 2012: U.S. Buy-Side Firms Threaten to Stop Trading Swaps Unless Fees are Reduced; New Blood at LSE Makes Further Growth Likely; Clamour for change on Europe’s banksTABB Group reports that many buy-side firms, reacting to high dealer fees and collateral requirements, say they’d rather just stop trading swaps altogether if that’s how it has to be. The big management reorganization at the London Stock Exchange Group looks to some to be a precursor to future expansion for the company. Across the eurozone, heads of state are calling for a major overhaul on the way that Europe’s banks are…

Henry Schwartz – Trade Alert Interview,Options,Tech / HFT,Video

Henry Schwartz is the President and Founder of Trade Alert, a real-time option flow analytics firm that serves Wall Street sell-side derivative desks, floor brokers, market makers, hedge funds, and proprietary trading firms. He previously worked at Banc of America Securities, where he was responsible for electronic market making on the start-up ISE. Trade Alert was founded in 2005. Schwartz spoke with JLN Options editor Sarah Rudolph about the OptionAlert analytics system, technology challenges for clients and firms, and fragmentation in the options markets.