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Industry News |
Doreen Mogavero, founder, president and chief executive of New York Stock Exchange floor broker Mogavero, Lee & Co., spoke with Traders Magazine recently about August's trading volume and volatility, what the buyside wants in a broker and how new regulations have affected her firm. |
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International Securities Exchange and Chicago Board Options Exchange members required to take the new Series 56 exam now have until October 29th to pass the test. The CBOE recently changed its deadline from September 12th to October 29th to comport with the plans of the ISE. |
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Question of the Week |
While the European debt crisis remains a trading market concern, are you worried about the U.S. debt situation? |
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Photo of the Week |
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Latest Issue Highlights |
U.S. vendors of electronic trading see opportunities as a result of the changing market structure there. As more alternative venues spring up, traders must meet the expected increase in fragmentation with more electronic trading tools. Essentially, what has transpired in the U.S. will now happen in Canada. |
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The trading community likes the proposed limit up/limit down rule, but still has quibbles. In April, the securities exchanges and the Financial Industry Regulatory Authority proposed a reworking of the trading halt mechanism put in place after last year's "flash crash." As Traders Magazine was going to press, comment letters began streaming into the Securities and Exchange Commission. |
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In a possible harbinger of increased market volumes, hedge fund launches last quarter reached their highest levels since 2007, before the economic crisis sent hedge fund managers and stock traders running for cover. |
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Most Popular Stories of the Week |
Knight Capital Group has revamped technology used by its institutional customers to help them steer clear of high-frequency traders. |
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Read about how a 15-year trader joined prop trading house Eladian Partners, plus a senior sales trader who jumped to Wedge Partners, while the Securities and Exchange Commission named a new chief counsel and associate director in the Division of Trading and Markets. |
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Numerous clearing brokerages have been dying over the past few years, but for some, 2010 was a good year, according to a new study by LaRoche Research Partners, titled "U.S. Broker-Dealer Clearing Relationship Changes." |
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On the Move |
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UPCOMING INDUSTRY CONFERENCES |
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September 8-10, 2011 | Dallas
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September 15-16, 2011 | Georgia Securities Association
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September 17, 2011 | Denver STA Golf Outing
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September 22, 2011 | Wings Over Wall Street Gala
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September23, 2011 | Connecticut STA Outing
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October 12-15, 2011 | STA National
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October 16-18, 2011 | Linedata Exchange New York
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November 10, 2011 | STANY International
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November 15, 2011 | St. Jude's "Taste of New York"
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December 1-3, 2011 | Denver STA
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