Trump appoints HFT trader to head up US Army
Founder of Virtu, who formerly served in the US Army, will join US government in January.
Americas
Deutsche Bank hit with $37 million fine for dark pool routing
Bank settles after failing to act to resolve faulty order router.
ETF surge in Canada sees asset managers step up
Asset managers launch swathe of new products to capitalise on ETF boom.
SEC fines former trading boss at Goldman Sachs for ‘abusing his duty’
Head trader in RMBS at Goldman Sachs found to have misled clients over pricing and is fined $400,000.
KBW appoints Grant to head equity trading
Grant will replace John Ragan, who retires after 23 years with the broker-dealer.
SEC looks to Equity Committee to refine circuit-breaker rules
Mary Jo White asked equity committee to consider refinements to circuit breakers, which could exacerbate volatility if triggered.
Brexit boosts US listed options volumes
US listed options volumes saw a 5% surge in June, as Brexit rocks the market.
Disgruntled worker hacked Citi’s US systems; jailed for 21 months
Former Citibank employee slapped with jail time after hacking US systems, following a meeting with his boss on work performance.
Half of US buy-side to slash commissions allocated to brokers
Traders in US look to scale back on commissions as regional dealers pick up market share.
Duration risk hits US bond portfolios amid Brexit
The Office for Financial Research in US says bond investors are at risk of heavy losses following Brexit, as interest rate risk remains high.