Brokerage firm Clear Street, which leverages cloud-native, financial technology, has acquired the Fox River algorithmic trading business of brokerage Instinet, which only two years ago purchased the group from FIS. In October 2023, Instinet completed the purchase of the FIS Execution Services business, previously known as Fox River, from FIS. The original purchase agreement was… Read More >>
BMO Capital Markets to Analyze Execution Performance
BMO Capital Markets is partnering with quantitative analytics vendor Trade Informatics (TI) to apply transaction cost analysis (TCA) tools to its algorithmic trading flow with the goal of improving execution quality for clients, officials say. The investment and corporate banking arm of BMO Financial Group “will begin seeing actionable analysis from the engagement after onboarding… Read More >>
