Commentary

Ivy Schmerken
Traders Magazine Online News

MiFID II Reaches Across the Pond: Is This the Calm Before the Storm?

Despite the view that MiFID II is a European regulation, US investment managers are experiencing disruption as they align their research payment and execution practices with the influential standard.

Traders Poll

As the SEC Tick Pilot is soon to expire, in your opinion, was it a solid fact finding mission or folly?



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Nucleus195’s Rivelli Talks Research and New Platform

– In an interview with Traders Magazine, co-founder Doug Rivelli talks about his firm's quest to change the research provision landscape as it enters the institutional space.

Consolidated Market Data Feed Spending Tops $1.4B

– Capital markets firms spent over $1.4 billion on consolidated market data feeds in 2017, up 17% from two years ago. That increase comes despite new competition from direct data feeds and growing concerns about costs associated with consolidated market data. While consolidated feeds are primarily “displayed” via market data terminals, client websites, and order and execution management systems, they also play a role in “non-displayed” machine-driven activities, such as algorithmic trading. …

James Leman, FIX Pioneer, Dies at 72

– Leman leaves behind a legacy of modern market structure.

MMI Issues New Report on the Economic Impact of a Financial Transaction Tax

– Modern Markets Initiative latest analysis reveals that pensions, which already face mounting obligations, would be hit with billions in new costs due to the proposed FTT.

Broadridge Launches New MiFID II Solution

– Fintech firm and recent addition to the S&P 500 Index, has launched a new solution to support investment firms with their MiFID II ex-post reporting obligations outlined under Article 50 of the Delegated Regulation.

TORA Integrates its OEMS with NEX Regulatory Reporting

– By integrating the TORA OEMS with NEX Regulatory Reporting, which is an approved ARM and APA, TORA clients will enjoy a straight-through-processing solution.

QuantHouse Widens Access to QuantFEED for Cboe US Equities and Options

– With this new service, QuantHouse now provides clients access to all asset classes traded by Cboe from all QuantHouse data centers via a single API.

Exegy and TNS Partner on Global FX Trading Platform

– The new partnership will include redundant, hardware-accelerated computing Exegy appliances that will allow Exegy Trade Port FX to deliver single-digit, microsecond normalized FX market data.

Broker Pay Up 13% to $422,000 in 2017; NYS DiNapoli Report

– It’s the best time to be a broker in New York City, according to New York State Comptroller Thomas DiNapoli. In his most recent report, DiNapoli reported that securities industry pretax profits totaled $13.7 billion in the first half of 2018, 11 percent higher than last year.

Tourmaline Enhances Buy-Side Commission Spend Web Reporting

– Tourmaline tracks and reports each client’s total broker spend, combining all broker CSA payments and attributed trading.

ON THE MOVE: BNY Lands Regelman; Bennett to Hehmeyer

– The weekly recap of hires, job moves and promotions around Wall Street.

Mary Daly Named President of San Francisco Fed

– Daly's term begins October 1.

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Video

Markets Media Video: Hazem Dawani, PreData

CEO Hazem Dawani discusses how his firm ‘Predicts the Future’ and how does this help market participants make better decisions?

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