Trade execution

Industry

JPMorgan Chase may face criminal charges

The New York Times reports investigators are looking into the $6-billion trading loss.

By Wire services |October 11, 2012

1 min read

Industry

FBI probes insider trading

U.S. authorities are going after corrupt traders with renewed vigour. The number of new FBI investigations into insider trading shot up 43% nationwide for the fiscal year that ended September 30, according to a report on FT. Read: Hedge fund founder convicted of insider trading “Since 2009, criminal charges have been filed against 72 hedge […]

By Staff |October 3, 2012

1 min read

Industry

Pershing enters Canada

One of the world’s largest clearing and settlement firms, Pershing LLC, has finally set up shop in Canada.

By Staff |September 12, 2012

2 min read

Industry

Tech start-ups struggling

Since Facebook’s flop this spring, the tech IPO market has collapsed. By June, not a single company had ventured to go public, compared to 19 IPOs posted by June of last year. Instead, as many as 14 offerings were withdrawn or delayed, says Dealogic. These included Tria Beauty, maker of laser hair removal devices, and […]

August 23, 2012

3 min read

IIROC releases guidance on trade cancellation

Yesterday, IIROC issued its final guidance on how it plans to intervene and ensure fair trading by cancelling erroneous trades. This follows the release of a notice requesting comments on its proposed regulatory guidance. Find a copy of the comment letter in response to the proposed guidance here. Read: IIROC steps up market surveillance In […]

By Staff |August 21, 2012

2 min read

Can investors keep up with electronic markets?

The speed and complexity of electronic markets has continued to change at a rapid pace, with The New York Times reporting trade times are now measured in millionths of a second. Despite the benefits of cheaper and speedier trading, though, recent studies suggest there may be some major drawbacks for investors. Read: The limits of […]

August 14, 2012

1 min read

Shorting bans don’t work: research

Banning short selling during market downturns doesn’t work, says new research by the Federal Reserve Bank of New York. In a new paper, entitled “Market Declines: Is banning short selling the solution”, economist Hamid Mehran—along with two University of Notre Dame finance professors—look at how global regulators limited selling activity in 2011, and whether or […]

August 13, 2012

2 min read

$7-million market manipulation unearthed

The executive director of the BCSC has issued a temporary order and notice of hearing alleging five B.C. residents engaged in a $7 million market manipulation. The regulator’s notice alleges Thalbinder Singh Poonian, Shailu Sharon Poonian, Robert Joseph Leyk, Manjit Singh Sihota and Perminder Sihota participated in a scheme to manipulate the share price of […]

By Staff |August 7, 2012

1 min read

Knight Capital receives lifeline after trading error

Knight Capital Group—the firm responsible for last week’s stock market mayhem—was offered a US$400 million lifeline from other Wall Street companies yesterday. But, the handout comes at a steep price. Knight says it will get the cash infusion from an investor group led by Jefferies Group, as well as Blackstone, Getco, Stephens, Stifel Nicolaus and […]

3 min read