The Financial Industry Regulatory Authority (Finra) announced today that it has fined Goldman Sachs Execution & Clearing, L.P. $1.8 million for systemic Order Audit Trail System (Oats) reporting violations spanning a period of more than eight years, failure to accurately submit required trade reports to the appropriate Finra Trade Reporting Facility (TRF), and related supervisory failures.
New York state's banking regulator has written to the firm behind a new instant messaging service backed by Wall Street's biggest banks asking about its document retention policies.
FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced the launch of a new Graphical User Interface (GUI).
A consortium of Wall Street banks has launched an instant messaging platform it hopes will loosen Bloomberg's vice-like grip on the market for real-time communication between traders.
Former Goldman Sachs programmer Sergey Aleynikov has had a conviction for stealing the bank's propriety HFT code thrown out for the second time.
Fintech conglomerate SunGard has confirmed that it is "considering pursuing" an initial public offering and using the proceeds to pay off debt.
Goldman Sachs has hired former Discover card services executive Harit Telwar to head up a new digital banking unit, taking its cue from the swathes of fintech startups that are using technology-led services to penetrate one-time banking strongholds in lending to customers and small businesses.
Goldman Sachs has bought a $20.5 million minority stake in Perseus, a firm that provides super-fast connectivity for high-frequency trading firms.
Billtrust, the leader in Payment Cycle Management, has raised $25 million in new funding, led by Goldman Sachs Private Capital Investing and existing investor Bain Capital Ventures.
Sergey Aleynikov, the former Goldman Sachs programmer who had a conviction for stealing the bank's propriety HFT code overturned is back on trial on charges related to the same incident.
© Finextra Research 2015