bny-mellon-mischler

World’s Biggest Bank Gets It; Gives It Back

BNY Mellon 'Gets It' and Also Gives It Back. With close-on $29Trillion in deposits and $1.3Trillion in AUM, BNY Mellon (NYSE:BK), the oldest bank in the U.S. is not just the country's biggest, it ranks as one of the world's biggest banks. Hundreds of financial industry professionals now working across…Read More

4 March, 2016
rebate-schemes-market-structure-marketsmuse

Pay-to-Play Rebate Schemes Confuse Smartest Traders

Within the context of market structure, the ever-evolving rules of the road for those attempting to navigate how and where to secure best pricing when executing equities orders has become so convoluted thanks to pay-to-play rebate schemes, its not only the curators at MarketsMuse who are scratching their heads, even…Read More

2 March, 2016
shot-across-bow

Symphony Pact With FlexTrade-Shot Across Bloomberg Bow

Symphony, the Wall Street-backed secure messaging platform first designed to displace Bloomberg LP's most ubiquitous feature and further reduce the Street's dependency and technology costs synonymous with having a Bloomberg terminal, has struck another blow in the bow of Bloomberg's boat thanks to the consortium-owned deal with electronic execution system…Read More

26 February, 2016
wsl-2016-best-broker-dealer

2016 Wall Street Letter Award For Best Broker-Dealer Goes…

If not as widely-covered as the GOP or DNC primaries, financial industry publication Wall Street Letter ("WSL") held its 5th Annual Institutional Trading Awards ceremony last night at NYC venue 583 Park Avenue and recognized best-in-class broker-dealers across 7 major categories, including Best Broker Dealer (OverAll), Best Broker-Dealer Research, Best…Read More

24 February, 2016
goldman sachs MBS fine

Goldman Sachs in Whopping 5bil Settlement Over MBS Deals

Announced after the close of trading on Thursday, Goldman Sachs $5.1 billion settlement with the U.S. Department of Justice, AGs from NY and IL and two other federal agencies in connection with the big bank's underwriting and sale of mortgage-backed securities (MBS) sounds whopping, but seemed to have little impact…Read More

14 January, 2016
cfx markets crowdfund marketsmuse

Chicago FinTech Firm: Secondary Market for Crowdfunding

(MarketsMuse courtesy of Chicago Tribune)-The notion of a secondary trading market for crowdfund investments is not new--a topic that MarketsMuse has profiled more than once during past several months, but those efforts have been more noticeable outside the US. That's now changing. Chicago-based CFX Markets launched a platform Tuesday allowing crowdfunding…Read More

6 January, 2016
marketsmuse mr algo

Credit Suisse Bids Adieu to Mr. Algo in Wake…

(Bloomberg LP reporting via TradersMagazine) -- Dan Mathisson, aka "Mr. Algo", the executive who helped build Credit Suisse Group AG into an electronic-trading powerhouse over the past decade, plans to leave the bank at the end of next month, according to people familiar with the matter. Mathisson, who most recently…Read More

6 January, 2016
marketsmuse debt market

MarketsMuse 2016 Debt Market Outlook-The Caribbean Connection

To kick off the 2016 debt market outlook, MarketsMuse fixed income curators are looking forward to the next Caribbean boondoggle, and in that spirit, we extend a shout out to Ron Quigley, one of the primary debt capital market's top pulse-takers who also goes by the title Head of Fixed Income Syndicate…Read More

5 January, 2016
blythe masters

Babe of Investment Banking Now Babe of Blockchain?

Blythe Masters, once considered the “Babe of Investment Banking” in view of her long tenure and celebrity senior role at JPMorgan—which included her being credited for helping to create those snarkly financial derivative products known as credit default swaps (CDS), has since aspired to become known as either the "Blockchain…Read More

29 December, 2015
cantor fitzgerald finra

Cantor Fitzgerald Gets $7.3mil Spanking From FINRA

(BrokerDealer.com)- The Financial Industry Regulatory Authority (FINRA) has given a $7.3mil spanking to broker Cantor Fitzgerald  consisting of a $6 million fine and an order to pay $1.3 million for commissions, plus interest, it received from selling billions of unregistered microcap shares in violation of federal law in 2011 and…Read More

22 December, 2015
leveraged ETFs

The Big Short: Leveraged ETFs, By David Miller

The Big Short is coming to a theater near you soon, but the hedge fund industry's cool kid of the year David Miller has traded ahead of his peers by exploiting and being short of the popular ETF industry product: leveraged ETFs  and “inverse ETFs”; products that are typically powered…Read More

14 December, 2015
zuckerberg pledge

FB Zuckerberg Donates 99 Percent of Shares To Charity…

Facebook's Mark Zuckerberg (who needs no further introduction) and his wife Priscilla are celebrating the birth of their first child ( a girl named Max) by announcing that he and his wife will move 99% of their shares in Facebook (NYSE:FB) to a charitable trust. For those without a calculator,…Read More

1 December, 2015
hedge fund etf

Hedge Fund ETF Pile On Leads To Crowd Control…

A pile on approach is impacting hedge fund emulator ETF products (e.g. $GURU, $ALFA), and leading to crowd control issues, according to a recent Bloomberg article re-distributed via TradersMagazine story with title: Hedge Fund-Replicating ETFs Hurt by Crowded Trade Selloff MarketsMuse curators carry the story here.. (Bloomberg) -- Exchange-traded funds…Read More

25 November, 2015
top fintech bankers

Institutional Investor’s Top-Ranked FinTech Bankers Include…

Institutional Investor Magazine has recently announced the world's top 35 FinTech Bankers, and... As astutely noted by Institutional Investor Magazine’s Senior Editor Jeffrey Kutler, “The origin of the term “fintech” is difficult to pinpoint; only very recently has it become an accepted label for one of the hottest segments of…Read More

18 November, 2015
vetedchallenge crowdrise

Hedge Fund Honcho Behind Crowdfund for Veterans Education

Marathon Asset Management CEO Bruce Richards Leads Crowdfund Campaign for "Veterans Education Challenge" Hedge Fund Honcho Will Match $1mm Raised via Crowdfunding Platform CrowdRise (RaiseMoney.com) For those Wall Street sharks and finance industry wonks who haven’t yet received the memo about crowdfunding, you might want to dial in to hedge…Read More

13 November, 2015
HYG v VIX

High-Yield Credit Spreads, HYG and VIX-Reading The Tea Leaves

MarketsMuse followers have been reminded more than a few times that conventional wisdom requires investors to keep their eyes on corporate bond spreads so as to have a clear lens when considering the outlook for equity prices on a medium-to-longer time frame. The relationship between high-yield debt,most-often measured by HYG…Read More

13 November, 2015
NSX exchange

Big Dick Behind Yet Another New Exchange; NSX v…

Former Lehman Bros capo Richard Fuld likes acronyms, and somewhat out of character for the Big Dick many on Wall Street remember him to be,  he also apparently likes the idea of inserting himself into a consortium that has created yet another new exchange platform--that eschews the notion of maker-taker…Read More

10 November, 2015
veterans day

How One Wall St Firm Honors Veterans Day

9 November (BrokerDealer.com)--Broker-Dealer Mischler Financial Group (“Mischler”) , the securities industry’s oldest minority investment bank and institutional brokerage owned and operated by Service-Disabled Veterans announced that in connection with the firm’s annual recognition of Veteran’s Day, Mischler has pledged a portion of the firm’s entire November 2015 profits to The…Read More

9 November, 2015