Commentary

Robert Stowsky

Angry at HFT? Point the Finger at Reg NMS

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.

Traders Poll

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?

Yes

81%

No

12%

Just Congress and the Federal Goverment

8%

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Latest News

Canadian Regulator Announces Teams to Study HFT Data

– 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.

Buyside Clears SEF Regulatory Hurdles

– 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.

‘Flash Boys’ Resonates as Survey Finds High-Frequency Concerns

– More than two-thirds of financial industry participants, 70 percent, say the U.S. equity markets aren’t fair for all, according to a survey conducted by ConvergEx Group LLC, which provides brokerage and trading-related services.

Wells Fargo Alum Garrett Joins Liquidnet as Head of Technology

– 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.

Killing Dark Pools Is CME Chairman’s Fix for Broken Stock Market

– Terrence Duffy, who as executive chairman of CME Group Inc. oversees the world’s largest futures exchange, has a solution for those seeking to fix the U.S. stock market: kill dark pools.

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Featured Articles

Young Guns Hit the Trading Floor

Fresh-faced yet experienced graduates are entering investment firms in strong numbers. And this crop of bright young things is bringing new skills and placing new demands on the buyside.

Top 10 Trading Schools

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Inside Trading

NYSE, Nasdaq Push for "Trade At" Rule

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.

Hedge Funds' AUM Appetite Seen Growing

KOR Opens Consultancy, Lobby Firm

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People

Stress Factor

Today's traders must manage their emotions in order to reach peak performance.

Instinet Promotes Kellner to CEO

The Second Time Around

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Rules and Regs

Better Data Emerges After Rules Battle

Once the fight for new regulations settled down, an unintended victor has emerged: the data and data systems used by today's traders.

SEC Approves BATS Merger

Structural Changes in Canada

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Options

CBOE Set to Trade Weeklies

The Chicago Board of Options Exchange has set an April 10 date for the trading of options with a weekly expiration date.

Anatomy of an ETF Challenger

A Bright Future For Swapping Futures

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Tech Notes

Careful Speed Traders: ITG Unveils Anti-HFT Algo

Agency-only broker and technology firm ITG is now offering a new algorithm designed to thwart high-frequency traders and their strategies.

Trading Via Handheld

OTC Markets Provides Data to REDI

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Buyside Snapshot

BofA Trims Options Algo Suite

Rebirthed KCG Holdings is integrating Knight Capital's and GETCO's electronic trading groups and products and integrating them into a single trading platform.

Instinet Helps MAKE Liquidity

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Video


TRADERS VIDEO: Ringing the NYSE Closing Bell

See a video of Wall Street Women Award winners ringing the closing bell at the New York Stock Exchange on Thursday, December 26.

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