GM turned down Chrysler merger because market dropped, merger costs, public funding might have been available
::
Nardelli - defending Cerbeus interest in Chrysler
::
Chrysler CEO Nardelli - private equity is not a few rich guys taking over a company
::
GM Stock Declining To Session Lows During Senate Bailout Hearing
::
Canada's New Toyota Plant Will Create 1200 Auto Jobs
::
Shumer-Congress Realizes Letting Big 3 Fail 'Catastrophic"
::
Chrysler Needs $4 bln To Get Through March 31-CEO Nardelli
::
Big 3 All Support Oversight Board In Loan Program
::
March 31 Can Be a Deadline for Showing Progress with Bailout Money--Nardelli
::
Fed Expected To Reject Auto Bailout-WSJ
::
GM head - significant amount of CDS written against GM paper that would be triggered should GM declare bankruptcy
::
Nardelli - talking balance sheet concesssions in effort to get "bridge loan"
::
Redbook SSI Index - only positive gains - Discount Stores up 0.2% in November
::
Redbook details - Apparel index down 9% in Nov, Department Stores down 13.6%
::
Redbook SSI - 22.5% retailers posted positive comps, 72.5% posted Negative Comps
::
Citadel Lost 13% in November, 47% YTD --WSJ
::
Crude Falls Below $44 Handle
::
Freddie: US 1yr TSY-Indexed Hybrid ARMs Averaged 5.02% Last Week (5.18% Prior)
::
Freddie: US 5yr TSY-Indexed Hybrid ARMs Averaged 5.77% Last Week (5.86% Prior)
::
US 15yr Mortgage Rates Edge Up to 5.33% from 5.74% Last Week --Freddie
::

Username: Password: Forgotten your Password? Create an Account

FutureTrade integrates Cogent's ResearchTrak into trading platform

FutureTrade, and Cogent Consulting LLC today announced the formation of a strategic partnership to provide Cogent's industry leading ResearchTrak broker review, voting and commission management system to FutureTrade's hedge fund, institution and investment adviser clients.

Through the agreement, an integrated version of ResearchTrak is being offered on the FutureTrade multi-broker electronic trading platform, allowing hedge funds, institutions and investment advisers to manage their "soft dollar" allocations for brokerage and research services and comply with new SEC registration rules for hedge funds under the Investment Advisers Act of 1940 and pending guidelines regarding soft dollar commissions under Section 28(e) of the Exchange Act.

ResearchTrak-FT provides all the standard features that have proven effective for money managers who have been using standalone versions of ResearchTrak and the more specialized HedgeTrak, plus new features only available through the integration with FutureTrade. Adding to FutureTrade's direct market access algorithmic and multi-broker execution management capabilities, ResearchTrak-FT:

* Enables up to 10 users to vote on eight basic categories in order to document, justify and determine soft dollar commission allocations on a consistent basis to sell-side brokerage firms, assisting them in complying with new SEC regulations.

* Provides side-by-side comparison of commission payments calculated by the FutureTrade platform versus planned allocations, and also allows buyside firms to compare the results of their broker reviews to those of their peers, anonymously and in aggregate.

* Allows users to set and track soft dollar commission targets, and generate and transmit sell-side broker performance reports.

* Can be further expanded and customized by Cogent Consulting as the client grows or to accommodate specific hedge fund or money manager needs.

Jim Kwiatkowski, Executive Vice President, Sales and Marketing of FutureTrade, said, "As our clients increasingly rely on us to provide them with value-added brokerage and research services, they have asked for an efficient, easy-to-use technology based solution that would assist them in complying with all the new SEC regulations, without having to add the overhead of purchasing or developing systems internally. Our partnership with Cogent allows us to respond to these requests with an integrated best-of-breed solution for broker review, voting and commission management." click here to return to the top of the page