Traders columnist Robert Stowsky dissects how Regulation NMS, and its mandate to promote market efficiency and not equality, is at the heart of the ongoing debate surrounding market structure.
With all the talk around HFTs and their trading practices coming under the microscope, do you expect more state regulators and officials to begin examining HFT practices - just like with Big Tobacco?
- Just Congress and the Federal Goverment
April 24, 2014 – The Investment Industry Regulatory Organization of Canada, that nation's leading regulator, has selected two separate project teams to assess the impact of HFT and related activity on Canadian equity marketplaces as part of the final phase of its ongoing HFT Study.
April 24, 2014 – When the U.S. Commodity Futures Trading Commission rolled out the rules for swaps execution facilities, it created a fragmented market structure in which buyside traders could access market liquidity directly, without routing orders through a futures contract merchant by becoming a member of an individual SEF.
April 24, 2014 – More than two-thirds of financial industry participants, 70 percent, say the U.S. equity markets arent fair for all, according to a survey conducted by ConvergEx Group LLC, which provides brokerage and trading-related services.
April 23, 2014 – Block trading venue Liquidnet has hired Bob Garrett, formerly Well Fargo Securities trading head, as its new head of technology and as a member of the firm's leadership team.
April 23, 2014 – Terrence Duffy, who as executive chairman of CME Group Inc. oversees the worlds largest futures exchange, has a solution for those seeking to fix the U.S. stock market: kill dark pools.
The two biggest exchange rivals are joining forces to push through a rule designed to curb trading that occurs off-board away from the public eye, according to a report in the Wall Street Journal.
Rules and Regs