• The National Association of Securities Dealers' Board of Governors has confirmed that Hardwick Simmons will assume the role of chief executive officer of the Nasdaq Stock Market when Frank Zarb steps down from the helm on Feb. 1 to serve as NASD non-executive chairman. Simmons recently retired from his position as president and chief executive officer at Prudential Securities. The NASD Board has also appointed current Nasdaq president Richard Ketchum to additionally serve as deputy

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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