FINRA, the self-regulatory organization (SRO) for broker-dealers, has hit Deutsche Bank Securities with a $2 million fine. The reason: FINRA alleges that Deutsche Bank Securities did not provide its customers with the supervisory “best execution” that FINRA’s rule 5310 calls for. Industry veterans will tell you that there was a time when regulators would have… Read More >>
Split Emerges Over MiFID II’s Potential Benefits
Industry participants are split as to the type of impact the next phase of the Markets in Financial Instruments Directive, or MiFID II, which takes effect January 2018, will have, according to a poll of the 1,250 senior executives attending an equities trading and technology conference in Paris. Around one-third of the delegates said that… Read More >>
Eze Software Group to Use OTAS Analytics
Investment technology vendor Eze Software Group will be integrating real-time data analytics and market intelligence from OTAS Technologies into the Eze execution process to provide buy-side traders with more useful information when they are formulating a trading decision. The addition of the OTAS offerings helps traders perform “exceptional activity analysis” based upon artificial intelligence and… Read More >>
Agency-Broker Launches Portal for Order Inspection
Dash Financial Debuts a Transparency Portal An agency broker-dealer, Dash Financial has launched DROP360, a real-time, drop-copy facility that provides transparency into “order routing behavior, execution behavior, costs and performance” for options and equities, and relays the information in a machine readable format that uses the FIX electronic trading protocol. Essentially, the DROP360 service is… Read More >>
Trillium App Retrieves Historical Data for Free
Financial services firm and trading technology vendor Trillium is melding new and old school technologies via a free mobile app for Apple iPhones that offers depth-of-book quotes for the U.S. equities markets to facilitate transaction analysis. The vendor hopes that a key beneficiary of the new app may be asset managers required to analyze best… Read More >>
