In this guest commentary, FlexTrade reports that after more than a decade of debate, regulators are poised to finally act on a pilot for maker-or-taker pricing.
Would you be willing to trade on the NYSE American marketplace with its 350 microsecond speed bump?
- I like IEX better
February 17, 2017 – CBOE Holdings, Inc. and Bats Global Markets, Inc. announced that the companies expect to complete CBOE Holdings acquisition of Bats Global Markets on February 28, 2017.
February 17, 2017 – According to guest Blogger Christian Voigt, sometimes the best thing to do when regulating a market is not to rush but rather to take a pause and assess the potential impact first.
February 17, 2017 – Forward-thinking asset managers can rewrite the rules of management to provide hybrid portfolios that combine the benefits of both active and passive strategies by leveraging quantitative techniques.
February 17, 2017 – Traders who use Itiviti's flexible, scalable, co-located trading platform can look forward to having access to visual data streaming that features Panopticon's enhanced real-time visualization capabilities.
February 16, 2017 – The best way for a broker to prove their value to a buy-side trader is to simply pick up the phone and reach out. In other words, show the buy-side some love. Now.
February 16, 2017 – In this guest commentary, FlexTrade reports that after more than a decade of debate, regulators are poised to finally act on a pilot for maker-or-taker pricing.
February 16, 2017 – In this commentary, one buysider talks about the unintended consequences of the market circuit breakers and potential fixes that stop the side effects of the rules - such as reduced price visibility and the prevention of a security from recovering after a sharp price drop.
February 16, 2017 – According to report author Terry Roche, who interviewed a select group of senior executives at both buy- and sell-side firms for the study, the time is ripe for the market data delivery paradigm to be changed via a cloud model
Highlights from the Current Issue
Once a plain-vanilla add-on to an exchange offering, market data has evolved into a key battleground between market participants, i.e. the consumers of market data, and market operators, the producers of market data.
Some major trends in the options market have been the same for a number of years. Flat volumes. Marketplace fragmentation. A bifurcation of liquidity. But at least one noteworthy development is of a more recent vintage: auctions.
When Regulation National Market System was established in 2005, George W. Bush was five months into his second term as U.S. President. A lot has changed in 11 years, both in the world at large and in financial markets. So it stands to reason that Reg NMS, the sweeping ruleset that was aimed at modernizing and strengthening equity market structure, has passed its best by date.
In a complex electronic equity marketplace with myriad points of contention, maker-taker stands out as especially complex and contentious. But many wonder, is it time for this pricing schema to go the way of the Edsel?
If it ain't broke, don't fix it. That's the view of many trading professionals regarding the upcoming U.S. presidential election, with "it" referring to the economy and markets.
High-frequency trading has served as sort of a catch-all, market bogeyman phrase for about the past half-dozen years, or about as long as the methodology has been in the awareness of the general public. But now perhaps that perception is finally changing.
In this contributed piece from Andrew Upward of Weeden & Co., the broker analyzes how regulator have gone on record with some new thoughts about how best execution should be pursued in light of new technologies and practices.
North American equity exchanges face swirling winds: rapidly advancing technology, evolving market structure, and the arrival of a splashy new competitor.
So-called dark pools are getting less dark. Well, sort of.
For market participants and operators standing on a shore, the Consolidated Audit Trail is like a distant ship on the horizon. It's moving very slowly - so slow that sometimes movement is imperceptible. And it has been out there on the water for what seems like a very long time. But as hard as it may be to envision, one of these days, the ship will dock, and all its details will be known.
With a half-dozen meetings under its belt, its fair to say the 20-month-old Equity Market Structure Advisory Committee has moved beyond the brand-new stage and is doing what it was established to do act as a consigliere to the U.S. Securities and Exchange Commission on all things pertaining to equity market structure.