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specialists
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Latest Headlines
SEC beefs up quantitative capabilities
The SEC has staffed up with quants and other highly skilled trading specialists to beef up its ability to police the modern markets, which increasingly is dominated by high frequency trading
Getco goes mainstream
Financial industries are always in flux, and we often see old-world companies pushing aggressively to get into new markets. But lately we're seeing a few example of new-world companies pushing in the
Specialists to come back to life as market makers
Well, we have been speculating for some time about the ultimate end of NYSE specialists, how the exchange would actually shut the floor. The floor had been in decline for decades and the final push
One way to play the credit crunch
Good Wall Streeters are always hunting for opportunities. Brian James, 35, and Joe Messineo, 34--former managing directors and co-heads of fixed income at Cohen & Co., that CDO powerhouse--have formed a recruiting firm, Link Global Solutions that will securitization specialists. There is a ce
Lehman to buy specialist firm
Now this is a surprise: Lehman Brothers is said to be intent on buying the specialist unit of Van der Moolen, the Financial Times reports. The unit was scheduled to be shuttered soon, following so many other specialists firms. It's hard to believe that Lehman Brothers would want to get into t
NASDAQ senses opportunity for NYSE stocks
At the top of Duncan Niederauer's to-do list: Do something about market share for Big Board-listed stocks. It's no secret that the NASDAQ has been chipping away at its share. The NASDAQ's latest move was the rollout of a version of its Select Market Maker Program to NYSE companies. The program al
The future is now on the exchange floor
The end of the New York Stock Exchange floor has been predicted for decades. Only now is it finally happening. The New York Times reports that the floor is about half the size of what it was during the peak. It will soon shut two of its trading rooms. It now seems almost like a prop for TV re
SPOTLIGHT: Pay for performance for specialist
The NYSE allocates more than $100 million a year to its specialists. Traditionally, this cut of transaction revenue was based on size. Now it will be based on how well they make markets. Article
(New York Stock Exchange (NYSE), specialists)
ALSO NOTED: Citadel next alternative investment power to go public?; TD Ameritrade says hedge funds cannot see records; and muc
Company News: > Citadel next alternative investment power to go public? Article > UBS strategy will remain the same. Article > TD Ameritrade says hedge funds cannot see records. Article > More on Bear Stearns valuation. Article
Industry News: > Lot o
The downside of the demise of specialists?
The argument by specialists, the few that are left, has long been that without a human being intervening to keep trades orderly, there will be an uptick in volatility. The argument has been raised
