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News

Bank of America offers new ETF algo tool

Buying and selling exchange-traded funds at the institutional level isn't always a straighforward exercise, especially in less liquid ETFs. A large order often requires a certain, high-touch savvy,... Read more...

Is voiding a trade a crime against nature?

Most people seemed to agree that canceling trades in the wake of the May 6th Flash Crash was a decent idea. The controversy was over the 60 percent threshold. Some thought it arbitrary and unfair,... Read more...

Options market finally embracing algos?

The options market has lagged the equities market in several ways by about five years when it comes to decimalization and off-exchange execution venues and the like. Decimalization in some ways gave... Read more...

Anti-technology views to gain ground on Wall Street?

A recent Fortune column carried a brow-raising headline--"High frequency trading: Why the robots must die." It will seem vaguely Luddite to many, who have grown accustomed to equating technology with... Read more...

The downside of high-frequency trading

Chances are you're familiar with the arguments in favor of high-frequency trading (high-frequency trading news)--that the practice adds liquidity, that it's performing a market making function, and... Read more...

Goldman Sachs launches 1Click access service

The battle for supremacy in the algorithmic trading services (algorithmic trading news) market is intense. But Goldman Sachs (Goldman Sachs news) seems to be trying a surprising novel tack in its bid... Read more...

Is internalization a bad thing?

Internalization has cropped up as an issue again, especially with the rise of low-priced, high volume stocks that pose special execution problems, especially for the big exchanges. The Nasdaq is... Read more...

The best technology on the Street

So which broker dealer has the best technology? Goldman Sachs may be the most common answer, and it would be hard to argue right now. Bloomberg notes using data from Ancerno that the firm ranks No. 1... Read more...

Ways around IOI restrictions

Recall that the SEC has taken up the issue of dark pools and specifically the widespread practice of using indications of interest (IOIs) as a service to customers. The agency has come forth with two... Read more...

The aftermath of the LSE's big outage

The London Stock Exchange, which has been plagued by technical glitches as of late, suffered another one in late November. The exchange was forced to suspend trading for more than three hours. Ouch.... Read more...

Press Releases

Fannie Mae Releases June 2010 Monthly Summary

WASHINGTON, July 30 /PRNewswire-FirstCall/ -- Fannie Mae's (OTC Bulletin Board: FNMA) June 2010 Monthly Summary is now available at www.fanniemae.com/ir/monthly. The monthly summary report contains Read more >>

Bank of Santa Clarita Reports Second Quarter 2010 Results with Continuing Strong Earnings and Credit Quality

SANTA CLARITA, Calif.--(BUSINESS WIRE)-- Bank of Santa Clarita (OTCBB: BSCA) today announced financial results for the second quarter of 2010. Bank of Santa Clarita, the only commercial bank Read more >>

Fitch Affirms Colgate Palmolive's 'AA-' Ratings; Outlook Stable

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has affirmed Colgate-Palmolive Company's (Colgate) ratings as follows: --Long-term Issuer Default Rating (IDR) at 'AA-'; --Short-term IDR at 'F1+'; --Senior Read more >>

Freddie Mac Will Not Issue a Reference Notes® Security on July 29, 2010

MCLEAN, Va., July 29 /PRNewswire-FirstCall/ -- Freddie Mac (OTC Bulletin Board: FMCC) announced today that it will not issue a Reference Notes® security on July 29, 2010. The company's 2010 Read more >>

Fannie Mae Redemption

WASHINGTON, July 29 /PRNewswire-FirstCall/ -- Fannie Mae (OTC Bulletin Board: FNMA) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated Read more >>