In this guest commentary, one day trader writes that dark pools can help the retail trader in the same way it does the institutional buyside trader.
September 19, 2014 – Nasdaq posted an erroneous $150 per share for the Chinese firm but immediately scrubbed the price for a second official trade at $90.04.
September 19, 2014 – Independent futures brokerage and clearing firm RJ O'Brien, based in the United States, announced the appointment of industry veteran Paul Goodhew as a senior vice president and head of global markets at its London-based affiliate.
September 19, 2014 – PDQ Enterprises, operator of PDQ ATS announced that its Form ATS is now available for direct download on the company website.
September 19, 2014 – Secession-minded Scots and diverging interest-rate outlooks have benefited at least one part of financial markets. They have eased the recent drought in currency trading with some platforms witnessing record volumes.
September 19, 2014 – When Alibaba rings the opening bell at the NYSE today, as planned, it will mark the biggest win yet in the exchanges years-long campaign to lure initial offerings of technology and Internet companies. Once a bastion for industrial companies, NYSE last year beat rival Nasdaq OMX Group Inc. in technology listings for the first time, a trend continuing this year, according to data compiled by Bloomberg.
September 18, 2014 – After embarrassing technology flame-outs at major exchanges, the New York Stock Exchange is assuring investors that it is ready for the Chinese e-commerce debut.
September 18, 2014 – Just like in the U.S., Citi is launching Total Touch, its block equities offering designed to make it more efficient for institutional investors to execute block trades in the European market.
September 18, 2014 – Whether they like it or not, banks are opening up their dark pools, the private venues that host 17 percent of trading in the $24 trillion U.S. stock market.
Highlights from the Current Issue
BattleFin co-founder Tim Harrington and his team not only run a hedge fund, they sponsor a series of trading tournaments where the best big data strategies win.
The Financial Industry Regulatory Authority (FINRA) announced Monday that it has filed a complaint against Los Angeles-based Wedbush Securities Inc. for systemic supervisory and anti-money laundering (AML) violations in connection with providing direct market access and sponsored access to broker-dealers and non-registered market participants.
Larry Tabb, founder of TABB Group responded to U.S. Senator Carl Levin, chairman of the Permanent Subcommittee on Investigations, disagreeing with conclusions Levin shared in his July 15th letter to SEC Chair Mary Jo White, asking that she ban payment for order flow.
Guest columnist Robert Stowksy reviews how FINRA's use of broker data to protect investors is under attack and asks the question, "Are they protecting investors or covering for bad brokers?"
Agency-only broker and technology firm ConvergEx has hired a trio of market professionals to help it expand it's global reach while Eagle Investment Systems brought on Greg Farrington as it new head of sales. Bulge bracket broker UBS has hired Pierre Vermaak for its newly formed FRC team.
Today, a $5 billion fine is the cost of doing business. How can any Wall Street firm take risk seriously?
Traders' reviews the controversial Michael Lewis tome 'Flash Boys' and how it has changed the way Americans think about high-frequency trading "if they even thought about it all" and its impact that may be seen in new regulations.
In an industry dominated by speed, where short-term success is dependent on decisions made faster than the blink of an eye, guest commentator Mark Knoll said that getting traders to focus on the long-term impact of regulatory changes is like trying to get a world class sprinter to think like a marathon runner.
Traders spoke to Suzanne Sprague, executive director of collateral and risk for CME Clearing about the impasse, how to resolve it, and what it means for the clearing market.
With the immediate furor over Michael Lewis's book, Flash Boys, finally dying down, many market players are hoping the receding hype gives way to a discussion of the real problems and possible solutions to some of the issues the book brought up - namely market structure.
Swedish agency-broker Neonet has a simple business strategy offer its algorithms and electronic trading solutions first to its native European equity trading clients, and then cross the Atlantic and enter the U.S. equity markets.
Modern Network's Tim Quast discusses Michael Lewis's cage-rattling bestseller about high-speed trading, "Flash Boys," and how it left one thing out. Quast notes Lewis didn't say why exchanges pay fast traders. The answer spotlights the importance of getting right whatever corrective market-structure measures may come.