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The transmission of market data messages hit a new peak of 6.1 million messages a second Monday, as financial markets whipsawed in reaction to "news and rumors about the debt crisis in the Euro zone,'' Exegy said Tuesday.

Bank of America Corp. chief executive Brian Moynihan's heavily anticipated speech Monday fell short of the hype, but it was enough to ease tensions.

Driving down costs with more technological innovation and avoiding regulatory hurdles and losses through far more robust risk management are two of the key concerns of mutual fund boards today.

Citi has won a full-service administration contract to support $4 billion of registered assets at Diamond Hill Capital Management of Columbus, Ohio. Thus, the scope of service Citi will provide includes administration, accounting, transfer agency, global custody and securities lending.

Retirement programs for public employees are under siege, with numerous state and local employers either undertaking or considering massive restructuring of their benefit plans. The constraint comes as state budgets constrict and asset values drop.

Palm Desert, Calif.—Driving down costs with more technological innovation and avoiding regulatory hurdles and losses through far more robust risk management are two of the key concerns of mutual fund boards today.

Analysts at Standard & Poor's are looking to exchange-traded funds rooted in individual countries as a vehicle for advisors and their clients to compensate for sustained weakness in the U.S. economy.

Instinet said it handled 43 percent more volume in the trading of stocks in the United States in August, compared to July.

Long-only institutional traders are widely worried about the impact of high-frequency trading programs on the shape of equities markets, according to a survey conducted on behalf of Liquidnet, operator of a venue for trading anonymously in large blocks of shares.

McGraw-Hill Companies said Monday it plans to split into two companies, including one built around capital markets and featuring its Standard & Poor’s ratings business.