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Finra leverages cloud and Hadoop in its consolidated audit trail proposal

The Financial Industry Regulatory Authority has seen positive results from the work it has done so far in migrating toward big data analytics and cloud-based technology for market surveillance. As a result, it is leveraging those same technologies in its bid to build and run the Securities and Exchange Commission's Consolidated Audit Trail (CAT).

 

CME to 'refocus on growth,' cut 5 percent of global workforce mostly in tech

CME Group announced this week that it will cut 150 jobs representing 5 percent of its workforce, in response to what it called "changing market dynamics." The majority of the job cuts will be in the technology area, with some cuts in corporate and administrative functions as well.

 

Bloomberg Tradebook launches RFQ trading of ETFs

Bloomberg Tradebook announced a new exchange-traded fund trading service this week that it says is the first anonymous electronic request-for-quote (RFQ) service for ETFs. The service enables investors to anonymously access block liquidity from buy-side ETF liquidity providers in the U.S. and Europe.

ITG debuts algorithm for dark pool optimization

Independent execution and research broker ITG is launching a dark pool algorithm that is says will help buy side investors increase fill rates in non-displayed venues while filtering out "toxic" liquidity.

 

High volume day prompted dark pools to send some orders away

Wednesday's high volatility was apparently more excitement than some trading venues are used to. Bloomberg reported that three large dark pools--those run by Goldman Sachs, Credit Suisse, and...
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