JPMorgan Chase & Co has begun trading on a new private stock trading venue, or "dark pool," that lets its clients use the bank's algorithms to buy or sell stocks at a benchmark price reached over a period of time, according to a story in Reuters news. Trading in the new dark pool, known as JPBX, began the week of July 17th. The move comes at a time of increased regulatory scrutiny of dark pools that has led to many trading venues being boarded up. JPMorgan's securities unit also runs JPMX, a dark pool that matches shares in a more traditional manner, within the spread of the best bid...

Broadridge Financial Solutions, Inc. announced that Whitebox Advisors, a global multi-billion-dollar hedge fund, has chosen Broadridge’s solution to transform Whitebox’s technology platform to a new paradigm of hedge fund operations.  Broadridge will provide a fully hosted and integrated platform of trading, portfolio management, reference data, reconciliation and data warehouse solutions to manage Whitebox’s front, middle and back-office operations.  Broadridge’s integrated solution will enable Whitebox to streamline and automate workflow around a complex...

FlexTrade, a provider of multi-asset execution and order management systems, announced the launch of a Best Execution Platform in preparation for MiFID II. The site provides relevant news and content regarding MiFID II legislation, including FlexTrade’s customized MiFID II compliance solution, answers to commonly asked questions regarding inducements and informative blog post updates.

Thomson Reuters has integrated its research capabilities on its financial desktop Eikon as part of its ongoing commitment to help financial institutions manage impending MiFID II implementation in January 2018.  These are part of a series of research unbundling enhancements that Thomson Reuters will continue to make in 2017 through new products and third-party partnerships. The new Thomson Reuters MiFID II Entitlements Solution features upgraded entitlement granularity to meet brokers’ flexible segmentation requirements.  The new service provides entitlement request and...

New York, NY – August 1, 2017 – Vela Trading Technologies LLC (Vela), a global leader in high performance trading, market data, and analytics technology, is pleased to announce that Jennifer Nayar, CEO at Vela, has joined the Board of Directors of the Security Traders Association of New York (STANY) starting from August 1, 2017 for a three-year term.

Thomson Reuters Compliance and Risk Forums 2017 We are traveling across the country to bring you our annual event series, complete with thought-provoking panel sessions and networking. Registration is coming soon for our annual event series. Spend a half day with your peers and other local leaders as they address today’s most pressing compliance, risk and regulatory challenges. Enjoy opportunities to...

CBOE Holdings Inc., which oversees the largest U.S. options exchange, has entered an agreement Gemini Trust, a virtual-currency exchange founded by the Winklevosses to use bitcoin market data. The move paves the way for Chicago-based CBOE to list bitcoin derivatives. The SEC denied the ETF in March—a decision that was appealed and is under review. The ETF would have been listed on one of CBOE’s stock exchanges. Pending regulatory approval, CBOE plans to launch futures on bitcoin by the end of 2017. The agreement also gives the company rights to use Gemini’s data to create...

Nasdaq has agreed to acquire Sybenetix, a London-based startup that uses artificial intelligence to help compliance officers at asset management firms analyze the behavior of their traders in order to prevent market abuse. Sybenetix will enable the exchange group to expand its current market surveillance technology offering to service buy-side firms. It did not disclose the amount it intends to pay, but said the purchase price would be funded with cash on hand. Nasdaq Chief Executive Officer, Adena Friedman, has been vocal about investing more in innovative technologies such as cognitive...

Thomson Reuters has introduced an integrated buy-side trading workflow solution with interoperability between its financial markets desktop Eikon and REDI execution management system. The milestone follows Thomson Reuters acquisition of REDI in January this year, and the recent expansion of the Thomson Reuters Eikon Messenger community to REDI clients. With this new development, Thomson Reuters customers can now benefit from interoperability between REDI’s trading capabilities and Eikon’s pre-trade content and functionality to support their trading workflow. Thomson Reuters has...