editor's corner

  • Bitcoin derivative trading to launch on TeraExchange

    Six months after designing the structure of a swap for hedging the price of bitcoin, Tera Group announced it has won regulatory approval for trading bitcoins on its swaps execution facility TeraExchange. TeraExchange's new platform for trading bitcoin derivatives includes a newly-developed Tera Bitcoin Price Index and will trade U.S. dollar bitcoin non-deliverable forward swaps.

BlackRock calls for lower exchange access fees, order routing transparency and fewer order types

In a letter to the Securities and Exchange Commission late last week, BlackRock put forth several suggestions for improving equities market structure including lowering exchange fees, requiring brokers to disclose order routing and execution metrics, and eliminating discriminatory or redundant order types.

ParFX currency platform designed to mitigate HFT, welcomes Virtu

ParFX, a currency platform designed to limit some of the effects of high frequency trading, has launched a new prime brokerage service that will allow buy side firms to trade through their prime brokers. Some of the first trades using the new service were made by HFT company Virtu Financial.


Deutsche Borse-backed Bondcube trading platform set to go live in November

Bondcube, an all-to-all bond trading platform that received backing from Deutsche Borse earlier this year, is planning to go live in November subject to regulatory approval in the US and UK, Financial News is reporting.


Banks target messaging in branches using facial recognition, digital signage and mobile devices

If it seems like a digital display in your bank branch is reading your mind, it might actually be reading your face. Retail branches are using increasingly sophisticated technologies to maximize marketing and customer service opportunities during customer branch visits with highly customized messaging. In the case of the digital displays on monitors inside the bank branch, that may mean that cameras attached to those monitors are scanning customers' faces.

BATS Global Markets begins president search

BATS Global Markets has quietly begun searching for a new president less than two months after the abrupt departure of William O'Brien, the Wall Street Journal is reporting. O'Brien had been...