Brown Brothers Harriman’s (BBH) Foreign Exchange has opened a new FX desk in Hong Kong, offering access to a full array of 24-hour foreign exchange trading services in conjunction with New York, London and Tokyo locations. The Hong Kong desk,
The Securities and Exchange Commission has charged Chicago area options trader Gary S Bell with violating short selling restrictions when he failed to locate and deliver the shares involved in short sales to broker-dealers and their institutional customers. Bell agreed
TORA, a provider of trading technology and financial services, has appointed Brian Tafaro as managing director and co-head of TORA Liquidity Services. He will be based in the US and focused on client coverage and sales in Japan and
NewAlpha 4 Genesis has completed its first closing of USD150 million raised from French and Swiss institutional investors. NewAlpha Asset Management is considering a final closing in late July 2011 with an asset target of USD250 million. The fund aims
Eurex Clearing has extended the product and service scope of its Lending CCP, Europe’s first central counterparty (CCP) service for the bilateral securities lending market. Since early June, equities from three additional European countries are accepted and a solution
Macro Risk Advisors (MRA), a provider of equity derivatives strategy and trade execution for institutional investors, has strengthened its team with the hiring of Michael Buckjune, Ed Lalanne and Frank Trentacoste. The senior appointments are part of an ongoing expansion
IA Englander & Co has agreed to transfer its managed account and prime services platform (MA&PS) to Concept Capital Markets. IA Englander says its resources are best aligned with other parts of the marketplace and that transferring MA&PS to Concept
New York based CTA Systematic Alpha Management (SAM) has extended its contract with QuantHouse, a leading supplier of next-generation trading systems, to include QuantLINK, an advanced trading infrastructure interconnecting the heart of exchanges with proximity hosting at the source.
The US Commodity Futures Trading Commission (CFTC) has announced that a federal court in Los Angeles entered a restraining order against defendants The Trade Tech Institute, Inc (Trade Tech), Technology Trading International, Inc (Tech Trading), Robert Sorchini and Richard Carter,
The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action charging defendants Jeremy Munson Globe and GlobeFX Club, Inc (GFC), both of Homestead, Florida., with making false, fictitious or fraudulent statements or omissions to the National Futures Association
