The New York Stock Exchange and a group of money managers are lobbying U.S. securities regulators to abolish the practice of paying rebates to large brokers to attract trades to stock exchanges and other trading platforms, according to three people familiar with the matter.
BLOOMBERG TRADEBOOK Forges Dark Pool Transparency Agreements B-Dark is First Algorithm to Offer Real-Time Venue Transparency in Dark Pools Business Wire NEW YORK -- August 30, 2010 BLOOMBERG TRADEBOOK®, a leading global agency broker, today announced exclusive arrangements with leading industry dark liquidity providers to deliver full transparency and visibility of dark pool executions. Under the new arrangement, Tradebook can show traders where their orders are being filled, in real-time, providing additional insight that enables more informed decisions about where to direct order flow and discretionary trades. Tradebook also launched its B-Dark algorithm, which contains the first analytic to deliver real-time venue transparency in dark pools, allowing traders to execute dark liquidity orders with more control and visibility. “For far too long the buy-side has tolerated a critical lack of information
The U.S. Supreme Court agreed to consider whether companies and employees must pay Social Security taxes on severance compensation, accepting a case that may force the Treasury to give billions of dollars in refunds.
A cowboy-hat-wearing robot with “Sell” emblazoned across its chest adorns a wall-length mural in the lounge of RGM Advisors LLC in Austin, Texas. Another robot, with “Buy” on it, wobbles toward a green Wall Street sign as two machines tote spark-emitting high-speed cables.