THE DEFINITIVE SOUR CE FOR TR ADING NE WS
VOL XLV ISSUE 28 12 - 18 SEPTEMBER 2013 www.wallstreetletter.com
IN THIS ISSUE News People moves 04 Focus Fee chart 14
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TOP STORY
Broadway targets APAC, bolsters staff
Broadway Technology is looking to build its client base of local AsiaPacific financial institutions through its new New Zealand office TURN TO PAGE 05
KCG Futures targets tech supported growth
entire group is excited about the potential. KCG Futures, the futures Specifically, he cited division of KCG (the combined the development of a new GETCO and Knight Capital), technology offering within the is targeting growth supported division, but he declined to by new technology following provide more detail. the merger, according to Carl “For us, the advantage of Gilmore, managing director and the merger is getting access CEO of the division. to additional technology,” he “We hope to see benefits said. “So if you take world class [of the merger] in the future technology and take our view that relatively quickly,” Gilmore we can offer, and ought to offer, said. customized services and solutions Gilmore noted the for key market segments and technology synergy of the couple that with the balance sheet two formerly individual firms and financial strengths TURN will support a series of new that we have… we have TO PAGE developments taking place in an opportunity to grow the futures division and said the that business.” 03
BY JEANENE TIMBERLAKE
Nasdaq to add to antiinternalization feature
The feature limits the ability for brokers to avoid a situation where buy and sell orders from the same firm interact with each other TURN TO PAGE 07
WEX to create more options algos
Wolverine Execution Services aims to roll out new options algos before the year’s end, according to Kevin Kernan, director of product development TURN TO PAGE 10
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