Lava Trading

7 results about this entity

Period: 02 Jul 2004 - 13 Feb 2007

News Company updates Finextra TV Research Long reads Events

News

E-trading and buy-side demands shifting FX markets - Celent

The global foreign exchange market is rapidly moving towards an exchange traded business model as e-trading accelerates and the traditional segregation of the interdealer and dealer-to-client markets is breached, according to research conducted by analyst house Celent.

13 February 2007

News

Lava launches 'Timeslice' algorithm for laying off FX

Citigroup's trading technology subsidiary Lava Trading is adding an algorithmic tool called Timeslice to its foreign exchange platform which enables traders to execute large orders over a period of time with minimal market notice or impact.

21 September 2006

News

Lava Trading CEO Richard Korhammer quits

Richard Korhammer, co-founder and chief executive of Lava Trading - Citigroup's trading technology arm - is stepping down at the end of this week.

12 September 2006

News

Lava to launch interbank FX trading platform

Citigroup subsidiary Lava Trading is gearing up to launch an electronic interbank foreign exchange trading platform. The news comes just days after the US bank sold its stake in the EBS currency trading system.

25 April 2006

News

Banks in talks to set up electronic stock exchange - New York Times

Lehman Brothers, Credit Suisse First Boston, Fidelity Investments and Citigroup along with its Lava Trading unit are in advanced talks to create an electronic stock trading facility in Boston, according to a New York Times report.

16 August 2005

News

Lava wins BB&T Capital Markets contract

BB&T Capital Markets has selected Lava Trading's ColorPalette as its new trade order management system for its US based equity trading desk.

30 November 2004

News

Citigroup to buy Lava Trading

Citigroup is to acquire New York-based Lava Trading, a provider of direct access securities dealing software, for an undisclosed sum.

02 July 2004