STAMFORD, Conn., Oct. 23, 2017 /PRNewswire/ -- Tourmaline Partners, LLC, a global institutional equity and derivatives trading solutions firm, is pleased to announce the launch of their new commission management website to accommodate a growing client demand for CCA and CSA administration.
As implementation of European Union’s Markets in Financial Instrument Directive II (MiFID II) draws near, unbundling - the separation of research and trading - is taking greater hold. In the U.S., we have seen a number of mergers, closings and downsizings over the past year as the sell-side positions its business accordingly.
Those who have been in the financial services industry since a time before acronyms like MiFID were in vogue likely recall a time when building a ‘financial supermarket’ was the new strategic plan. In the 1990s, combining brokerage, banking and insurance companies under a single umbrella to provide one-stop shopping for all things financial was heralded as the future of our business. Introduce a repeal of Glass-Steagall and it was off to the races.
STAMFORD, Conn., Oct. 18, 2016 -- Tourmaline Partners, LLC, a global institutional equity and derivatives trading firm, is pleased to announce a significant senior-level management expansion to address a growing demand for its outsourced trading services. Tourmaline has hired two senior industry executives, Tim O'Halloran and Sean Riley, to join their team in their Stamford, CT headquarters.