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Cuttone & Company Hosts Editorial Roundtable November 16, 2009 \|12.00 am Risk Management Technology Now Key Part of Prime Brokerages Offering By Melanie Rodier With the global financial crisis placing a greater emphasis on risk control measures at asset management firms, many low-cost systems providers are now coming to the market with sophisticated technology that was once inaccessible to smaller mid-tier hedge funds, a roundtable hosted by Cuttone & Company and Aite Group, heard on Monday. Risk management technology is becoming essential to smaller and mid-tier hedge funds, and is now a key part of prime brokerages' suite of offerings, the roundtable heard. Meanwhile, the current hedge fund regulation which is up for debate in Congress, is also creating a demand for medium-priced risk control products. "Firms need real-time risk management across multiple asset classes. If they have a desire to grow, they have to bring the technology on board. Firms have started to source out technology so small hedge funds can look like real brokers," said Keith Bliss, senior VP, director of sales & marketing, Cuttone & Company. Read More Here,
SVP Bernie McSherry Interviewed in Washington Times November 13, 2009 \|12.00 am November 13, 2009 Over the past few months there has been some concern in the markets, not just about the sustainability and volatility associated with its powerful increase in recent months, but also about who is doing all this trading. Normally, investor ownership data are filed with the Securities and Exchange Commission on a lagged basis in the form of 13D filings, which is a notification that an investor holds more than 5 percent of any class of a companys shares. Ownership and trading, however, are two different things. As such, there has been growing interest about "dark-pool trading" and "high-frequency trading." I recently spoke with Bernie McSherry, a senior vice president of strategic initiatives at Cuttone & Co., where he is a member of the management committee involved with strategic planning and market strategy. He has served in a number of leadership positions within the industry and has chaired several New York Stock Exchange committees and served as the NYSE governor for six terms. Read More Here
Cuttone & Company Featured in Traders Magazine November 01, 2009 \|12.00 am Firm Sees Bright Future on Floor Traders Magazine, November 2009 Peter Chapman They say communication is the key to a successful relationship. At Cuttone & Co., an institutional brokerage with one of the largest staffs on the floor of the New York Stock Exchange, that old maxim is gospel. If the firm isn't communicating well with its customers, it's not doing its job. And that's a big reason why Cuttone plans to consolidate all of its trading on the Big Board floor once the exchange completes an overhaul of the broker booths that ring its two trading floors. By merging its upstairs desk with its floor operation, the firm hopes to eliminate any miscommunications between the two groups as well, as with its buyside customers. Read More Here