Top Brokerages Bet On Complex Options Algos

Wall Street Letter
A recent study by TABB Group found that buyside traders expect to send nearly 35% of their options order flow through algorithms by 2010, up from only a fraction sent that way now. The firms are trying to cash in on the interest, but executives say it won’t be easy money, as most [...]

New Report Asks: “Complying with MiFID or Reg NMS – Should Firms Build or Buy Solutions?”

Broker-dealers are preparing for upcoming surge in market data. Market data cost reduction is a key priority. Banks are looking to reduce cost burden by selling their own market data. Focus is moving away [...]

Instinet in Algorithmic Access Deals With Three Firms

Instinet in Algorithmic Access Deals With Three Firms
Agency brokerage Instinet said it is offering direct access to the algorithms, alternative trading systems (ATSs) and trading desks of bulge-bracket firms Bank of America Corp., Credit Suisse and Goldman Sachs & Co. via its Newport and Instinet Trading Portal front ends.
Instinet clients will gain streamlined workflow and [...]

Technology Crossover Ventures Takes Stake in TradingScreen

Technology Crossover Ventures Takes Stake in TradingScreen
Venture capital firm Technology Crossover Ventures (TCV) has added to its growing portfolio of financial services technology companies with a significant minority investment in multibroker execution management systems provider TradingScreen. Joining TCV in the deal, which was for an undisclosed amount, was investment bank Continental Investors. Financial Technology Partners [...]