News Feed

State Street Corp. has entered into an agreement to acquire Pulse Trading in the fourth quarter. Pulse Trading is a full-service agency brokerage firm that offers a range of electronic trading capabilities that include block trading and blotter scraping technology.

Long-Term funds netted $2.13 billion in the week ended Sept. 14, according to the Investment Company Institute.

The Federal Reserve Board said it will sell $400 billion in short-term Treasuries for longer-term holdings by 2012 as its latest effort to kick start the economy.

When financial advisor Jeff Leventhal left UBS Financial Services for HighTower Advisors earlier this month, the decision was as much about serving his clients as the direction in which he saw the entire wealth industry headed.

Fidelity Investments racked up defined contribution commitments in the first half of the year totaling 315,000 participants, 269 plans and $17 billion in assets under administration, the company says.

While the recent FPA Convention provided some new and very interesting presentations and introduced some pretty high-brow concepts, Financial Planning columnist Bob Veres felt far too many of the presentations were bogged down by speakers who decided -- or were compelled -- to “dumb down” the material to appeal to the lowest common denominator. What did you think?

The Securities and Exchange Commission is no longer going to be a wholesaler of publicly reported data, according to an assistant chief counsel. There will now be an 'enormous focus' on data on derivatives and other products that until now has not been otherwise available.

Financial advisors and their wealthier clients will have a lot more separately managed alternative accounts to consider next year, according to a new study by Aite Group, the Boston-based independent financial industry research and advisory firm.

RCM has selected Northern Trust to handle its middle-office functions in Asia-Pacific, Europe and North America on Northern Trust’s global operations platform. Services to be provided include post-trade execution support, trade processing and settlement, data management, reconciliations, portfolio accounting, client valuations and administration.

State Street Corp. has entered into an agreement to acquire Pulse Trading in the fourth quarter. Pulse Trading is a full-service agency brokerage firm that offers a range of electronic trading capabilities that include block trading and blotter scraping technology.