Tom Steinert-Threlkeld

Orc Group said it released software to support electronic market making in North America.

BNY Mellon said it launched an app that will let its institutional customers move cash and securely access key reports and account information from iPad tablet computers.

BlackRock said Thursday it is moving the production of its research on exchange-traded funds to a new unit and the long-timer producer of its "ETF Landscape" reports will be leaving the company.

BlackRock plans to get active in active ETFs, its chairman and chief executive said this week.

William Bailey, formerly a broker with the NEXT Financial Group in Mesa, Ariz., has been put on the sidelines for two years by the Financial Industry Regulatory Authority for switching customers in and out of mutual funds, for average of two months per investment.

Knight Capital Group said its earnings dropped by two-thirds in the second quarter, hurt by lower volume and volatility in stock trading.

State Street Corporation said it planned to reduce its technology staff by 850 employees, as part of a multi-year transformation of how it manages its information systems.

Liquidnet said its trading volume moved 2 percent ahead of last year, with an 18 percent jump in June.

City Index, a London firm that specializes in bets on the movements of financial spreads and contracts for difference, has adopted a new service for monitoring its risks within each trading day.

In a world where the minute, second and even millisecond that you pull the trading trigger can materially affect the return you get, managers of mutual funds too often are slow to buy when prices are rising and too fast when prices are dropping.

Unless high-speed professional trading somehow leads to more Flash Crashes and everybody decides they need complete liquidity on all investments, how fast you can get in and out of these funds should not matter much.

The new route will lower trading speeds between those two cities and also allow banks, hedge funds, brokers and other financial services institutions to execute trades faster with exchanges in Zurich, Milan, New York and Chicago that are also connected to the Level 3 network.

After a strong start in the first four months of 2011, exchange-traded funds and mutual funds both saw cash flow out of products that invest long-term in stocks at the end of the second quarter.

SIX Swiss Exchange and Liquidnet said Thursday they had launched a trading platform that will allow global financial institutions to draw on five previously untapped European markets in finding buyers or sellers.

JPMorgan Chase said it agreed to pay $211.2 million to settle federal and state probes into the conduct of some of its former workers on its municipal derivatives desk, prior to 2006.

Yes, the 34,000 customer records lost last month by Morgan Stanley Smith Barney is a shadow of the 100 million customers affected by the repeated break-ins to the Sony Playstation Network this year.

The Technical Committee of the International Organization of Securities Commissions Wednesday published a Consultation Report aimed at developing recommendations to mitigate risks posed to the financial system by technological developments, such as high frequency trading.

Deutsche Boerse said it completed the move of its Xetra electronic stock trading market to a new data center.

TS-Associates said its software for precisely measuring the performance of high-speed messaging systems now can run on the Microsoft Windows operating system and can directly access stored data, to speed up calculations.

J.P. Morgan Securities LLC will pay $153.6 million to settle charges that it misled investors in a complex mortgage securities transaction just as the housing market was starting to plummet, the Securities and Exchange Commission said.