Craig Viani

Lights Out In The Dark: Goodnight Vortex

ConvergEx announced last week that it was euthanizing one of its two dark pools, VortEx. Guest commentator, Craig Viani, one of the dark pool's co-founders, muses about the passing of the ATS.

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Portware to Offer OTAS' Market Intelligence and Data Systems

– OTAS Technologies, a provider of market analytics and trader intelligence, announced its integration with Portware.

Upstart Dark Pool Luminex Snags More Buysiders Ahead of Launch

– Alternative trading venue Luminex appears to be on a roll as it nears its initial opening date - grabbing commitments from more institutional investors looking to execute their orders off-board.

EBS BrokerTec Buys FX Tech Firm Molten Markets

– In a bid to keep all things in-house, EBS BrokerTec has purchased a forex technology company that can help it develop better trading platforms and solution while reaching a broader client base.

TRADERS ON THE MOVE: BATS Hires Duo for Data and ETF Business, Rosenblatt Hires Olin

– BATS Global has brought on two more veterans to help the exchange grow its market data and exchange-traded funds listings business, while two other firms add researchers to their ranks. See all this and more in today's edition of On the Move.

HFT Latour Trading Settles with SEC Over Market Structure Rule Charges

– No matter how fast a trader you are, sometimes it is simply impossible to outrun the long arm of the law. Just ask high-frequency trading firm Latour Trading, which has opted to settle charges that it violated market structure rules brought by the Securities and Exchange Commission. Get the details, here.

Fast Flows Boost Risk of Mutual Funds Mimicking Hedge Funds

– U.S. regulators fretting that asset managers aren’t prepared for the Federal Reserve’s liftoff or another event that might trigger market turmoil may have found their problem child.

LSE to Proceed With Link Plan Delayed by Swiss-Franc Shock

– London Stock Exchange Group Plc will take a major step forward in its policy of giving more choice to customers when it starts a link with European Central Counterparty NV later this month after overcoming regulatory scrutiny in the aftermath of the extraordinary volatility in the Swiss franc.

KCG Reorganizes London Sales Staff as Four Said to Be Departing

– KCG Holdings Inc. is reorganizing its London sales staff following the arrival of former Goldman Sachs Group Inc. executive Rob Crane at the brokerage and automated trading firm. Four sales staff are planning to leave.

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Highlights from the Current Issue

How Secure Is the Buyside?

It was a ploy as brazen as it was ingenious. A team of rogue traders from the U.S. teamed up with clever hackers and traders in Ukraine to break into the servers of major media firms. See how this latest cyber attack could spell trouble for the buyside.

How Will T+2 Settlement Change the Landscape of European Central Securities Depositories?

The European Union reached its latest milestone in creating a single capital market union when four European central securities depositories (CSDs) went live on the TARGET2-Securities (T2S) settlement engine in late June. See what the effects are right here.

ALGO UPDATE: Liquidnet and IEX Create Dark Strategy

Liquidnet, the equity block trading pool, and IEX, the buyside- sponsored ATS that wants to help the buyside avoid predatory traders and find the elusive block trade, have joined together to create a new algorithm that will help the buyside find liquidity.

How ETFs and Other Factors Are Setting Equity Prices in the Marketplace

For the first time in history, dollar volume in ETF trading has topped US GDP. Guest commentator Tim Quast examines the explosion in ETFs and how they and other aspects of market evolution are changing what sets stock prices.

Traders Meet Brokers At The Carolina Security Traders Association Summer 2015

Brokers, traders and members of financial services firms gathered in North Carolina to swap stories, network and celebrate the U.S. capital markets. Traders presents Part Two of our CSTA slideshow.

TRADERS ON THE MOVE: ITG Gets New CEO, Triad Hires Sales Pro, DB Shuffes Equity Pros

In today's Traders On the Move, aside from ITG getting a new chief executive, Deutsche Bank shuffled its top equities execs in its trading group and a former UBS head joined Deutsche Borse. Triad hired a new sales head and see which senior trading head left BlackRock.

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