editor's corner

  • Alternative asset managers wrestle with data management in pursuit of institutional assets

    Global consulting and auditing firm PwC has predicted that the private equity industry's assets could grow to between $6.5 trillion and $7.4 trillion by 2020, from around $3.5 trillion today. A 2015 survey by the consultancy Towers Watson found that the top ten private equity managers covered in the survey saw investment from pension funds increase by 2.6 percent to $138 billion in 2014.


Tradeweb launches US ETF trading platform

Tradeweb has launched an electronic over-the-counter marketplace for trading exchange traded funds in the U.S. The request-for-quote based platform is modeled after a platform Tradeweb successfully launched in Europe in 2012.


ISE wins approval to launch ISE Mercury this month

International Securities Exchange Holdings, Inc. has won approval from the Securities and Exchange Commission of its Form 1 application for its ISE Mercury Exchange. The new options exchange will open for trading on February 16.

Credit Suisse cuts bonuses and 4,000 jobs after posting large loss

Credit Suisse is taking more aggressive cost savings measures after restructuring charges contributed to a loss of billions of dollars in the fourth quarter. The firm says it will cut bonuses and 4,000 employees in new cost-saving measures.

IPC says it has closed Etrali acquisition, and readied combined solution

IPC, the global provider of communications software and solutions for financial firms, announced that it completed its acquisition of competitor Etrali Trading Solutions. The company says it has already readied a combined solution that encompasses both IPC and Etrali communications products and solutions, as well as Etrali's compliance expertise.

Spotlight: Aquis Exchanges takes an IEX-type approach in Europe

Europe's Aquis Exchange will ban traders who use predatory high-frequency trading strategies, effective Monday. The move is intended to curb what the firms calls "momentum ignition...