Commentary

Patrick Flannery
Traders Magazine Online News

Who Says The CAT Doesn’t Have a “Silver Lining?”

In this contributed article, guest commentator Patrick Flannery discusses how for the broker-dealers, the Consolidated Audit Trail (CAT) may seem to be another weighty technical challenge, whose cost and implementation challenges will fall disproportionately on their shoulders (and their budgets).

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CME Launches Online Comparison of Futures vs ETF Costs

– CME Group, the US derivatives exchange, has launched an online tool to allow investors to compare the costs of futures against exchange-traded funds, as some ETF issuers have claimed the funds are now cheaper to use.

Boston Trust & Investment Management Outsources Via SS&C

– The $7 billion asset manager has a new way to oversee data, trade orders, portfolio accounting, compliance and revenue management.

ALGO UPDATE: Buy Side Gets Closer to Futures Benchmarks

– If trading is a business of microseconds and latency-focused software, then buy-side traders are going to get closer to the mark when executing fixed-income futures orders.

Backed Up Budgets Hurt SEC’s Talent Pool, Say Ex-Chairs

– Former chairs of the Securities and Exchange Commission say that Congress’s delays in approving full-year spending year after year have hurt the agency’s ability to hire top talent.

KCG Holdings To Acquire NeoNet

– The transaction, which is subject to customary regulatory and other approvals, is expected to close later this year.

IEX Builds Market Quality Framework

– IEX, the newest U.S. equity exchange, has set up its own regulatory framework and hired staff to oversee market quality efforts.

Managing Big Data After Brexit

– Guest commentator Ivy Schmerken writes that in a global, interconnected market, Brexit reminds firms that IT systems must be prepared for shocks to the financial system.

Who Says The CAT Doesn’t Have a “Silver Lining?”

– In this contributed article, guest commentator Patrick Flannery discusses how for the broker-dealers, the Consolidated Audit Trail (CAT) may seem to be another weighty technical challenge, whose cost and implementation challenges will fall disproportionately on their shoulders (and their budgets).

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Highlights from the Current Issue

Bitcoin, Algos and Dark Pool Fines: The Traders 2016 Outlook

Our editors look at the news stories and trends from last year that will have the biggest impact in the coming 12 months. It was a year of eye-popping fines, slipping trading volumes, and new technologies for Bitcoin and more. 2016 will be quite a year.

Buyside Profile: A Radical Fixed-Income Method

Bond trader Zachary Chavis of Sage Advisory is trading more with fellow buyside traders than with the traditional broker-dealer counterparties. The reason: deeper liquidity and tighter control.

Blockchain Adoption Seen As Early as Q2 2016, Tabb Reports

Like a runaway freight train, blockchain technology is coming to the financial markets, including equities, as soon as early next year.

Three Firms Remain in Running to Build U.S. Consolidated Audit Trail

The U.S. equity markets self-regulatory organizations have created a short list of three finalist firms who will build the much anticipated stock market consolidated audit trail.

A Celebration of Excellence: How Women Have Changed Wall Street

The fifth annual Traders awards celebrate the achievements of women in the US capital markets and the stellar work they do as mentors & leaders.

Overstock.com Registration Statement Covering Digital Securities Declared Effective

In an exclusive interview with Traders, Overstock.com chief executive officer Patrick Byrne told Traders that the Securities and Exchange Commission has declared Overstock’s registration statement covering the issuance of digital securities effective.

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