Sunday, 23 November 2014
Last updated 2 days ago
May 4 2010 | 4:16am ET
A former Caxton Associates trader has become the second Citigroup trader to leave the firm in as many weeks for Nomura Holdings.
Jay Glasser, a proprietary trader in New York, joined Nomura last week, Bloomberg News reports. He told his bosses at Citi that his departure was spurred by the proposed Volcker rule, which would bar banks from prop. trading.
At Citi, Glasser focused on Japanese interest rate derivatives and currencies. He joined the firm in 2007 from Caxton.
Glasser will find a familiar face at Nomura, where former Citi portfolio trader Dan Clarke began working about three weeks ago. All told, about 10 prop. traders have left Citi since President Barack Obama announced his support for the prop. trading restrictions.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...