Wednesday, 22 October 2014
Last updated 11 hours ago
Sep 26 2013 | 10:38am ET
Citadel Investment Group and a Goldman Sachs spinoff say they have the answer to order and execution management problems.
Citadel Technology and REDI Holdings, in which Citadel owns a stake, plan a new service that will combine portfolio management and trading desk systems, creating a seamless platform for trades from inception to clearinghouse. "We believe we have the winning formula," Citadel Techology managing director Stuart Breslow told Reuters.
The order and execution management space is getting increasingly crowded, with about a dozen vendors offering solutions. According to Breslow, the collective fee-pool for such services is about $1.65 billion per year.
Goldman continues to own a stake in REDI, as do Bank of America, BNP Paribas and private-equity firm Lightyear Capital.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...