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.
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, 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.
ICAP is planning to roll out a new service through which buy-side firms would access ICAP's inter-dealer liquidity pool through sponsorship by a dealer. The service, which will be offered initially in credit markets, is intended to address some of the liquidity challenges the credit markets are facing, an ICAP executive said during a conference panel last week.
Hotspot, the foreign exchange market owned and operated by BATS Global Markets is launching a new service designed to help its clients navigate the fragmented FX markets. Using Hotspot Link, market participants will be able to design relationship-based liquidity pools to meet specific trading needs.
Intercontinental Exchange (ICE) has shuffled its management team to give executives oversight on the newly acquired Interactive Data and the company's acquisition and integration strategies. Lynn...
KCG Holdings is reportedly exiting a business that trades options for retail brokerages. The firm is trying to sell technology used in those operations to other market-making firms, according to...
CBOE Holdings is preparing to roll out a next generation trading platform late in the second quarter, beginning with its CFE futures exchange. The new platform and trading engine will "leapfrog" the existing platform in speed and agility, CBOE executives said.
In recent years, automated finance solutions have cropped up to serve many of the markets underserved by banks, from millennial investors to small businesses. But startup Meritam Investment Advisors sees opportunity in one more overlooked space holding trillions in investments: nonprofits.
Bloomberg is adding new features to increase the accessibility of its FIGI open source financial instrument identification system. The new online tools are intended to make it easier for instrument issuers to request identifiers and for exchanges, data providers, custodians and others to map other third-party identifiers to FIGI.