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.
October 13, 2015 – JPMorgan, KCG, Themis Trading and other brokers to participate in the aspiring exchanges charity event that will take place on Thursday, October 15.
October 13, 2015 – The expansion of alternative trading systems (ATS) trading reporting rules while out the outset might seem to mean one thing, these new numbers could be misinterpreted.
October 13, 2015 – Concern over high frequency traders and hyper fast trading practices have spread across the Pacific and now are firmly in the eyes of Asian regulators.
October 13, 2015 – Interactive Data Corp., a provider of financial data that was the recent focus of takeover interest by several firms, filed for an initial public offering.
October 12, 2015 – With LineData Longview, the updated portfolio management tool aims to prepare clients for growth.
October 12, 2015 – The Wall Street giant expects disappointing sales growth and weak margins coupled with negative fourth-quarter guidance and reduced prospects for 2016.
October 12, 2015 – Concord Resources Ltd. will focus on non-ferrous metals, such as copper, zinc, aluminum, nickel and lead, and minerals with offices in New York, London and Hong Kong.
October 12, 2015 – Why hedge funds and boutique investment firms must adapt to the new regulatory landscape.
Highlights from the Current Issue
Things are happening inside Legal & General Investment Management America (LGIMA) -- and, as head of global equity trading, Drew Miyawaki is at the center of the action -- building a trading desk while others are shrinking or closing them.
Where do the latest trading tools come from? Traders takes a tour of the trading floor of broker-dealer solution provider REDI in Manhattan's financial district.
BATs Global has gotten the A-OK from the Securities and Exchange Commission to open its second options trading venue, EDGX Options.
And the countdown has started in earnest towards full-fledged exchange status at buyside-sponsored trading venue IEX. According to memo sent to its clients and shared with Traders, chief executive officer Brad Katsuyama said the venue planned to begin operation as a full-fledged exchange in late Q1 2016.
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.
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.