Buy-side firms participating in derivatives markets say that fees constitute the top determining factor in their choice of clearing brokers. But firms also value a clearing broker’s capabilities to access markets and products, the quality of transaction execution, and the operational processes they offer, according to “Execution and clearing: What the buy side expects from… Read More >>
Wall Street Profits & Bonuses for 2025 Surged: DiNapoli
As the traditional bonus-giving season comes to an end, an annual estimate/report from Thomas P. DiNapoli, comptroller for New York State, substantiates what many may already know — it was a good bonus season. The Wall Street bonus pool, based on last year’s trading, underwriting, and fees, soared to “a record $49.2 billion in 2025,”… Read More >>
Aegis Capital Settles Charges of Excessive Trading
FINRA, the financial services industry’s self-regulatory authority, has levied fines and a sanction against Aegis Capital Corp. and two of its supervisors, Joseph Giordano and Roberto Birardi. Aegis Capital neither admits nor denies the FINRA accusations. However, Aegis will pay $1.7 million in restitution to 68 customers “whose accounts were potentially excessively and unsuitably traded… Read More >>
Hedgie CFOs Worry Over EU’s Push to Split Research, Commissions
As European authorities consider a “hard unbundling” of research payments from commissions, a majority of chief financial officers (CFOs) at hedge funds recently polled by execution broker and research provider ITG say they would prefer to segregate the accounts of their European clients and use commission sharing agreements (CSAs) for their non-European clients. ITG surveyed… Read More >>
