Is Rule 606 hopelessly outdated and broken? RegOne's Weisberger examines the regulation and whether or not it is outdated and fails to require disclosure of the vast majority of all routing.
April 20, 2015 – The first meeting of the Securities and Exchange Commission's newly formed equity market structure committee, set for next month, will focus on the so-called "order protection rule."
April 20, 2015 – UBS is partially pulling out of the U.S. options trading business. According to a recent report by the Wall Street Journal, the Swiss bank is exiting the automated options market making business. However, the firm will continue other aspects of its options trading business.
April 20, 2015 – In today's On the Move, Credit Suisse appointed a new global head of its Prime Services division while BOX Options marketplace brought on two new senior level executives. Also, a pair of sales traders landed at new firms and RJO hired a new pro to start a grains trading desk.
April 20, 2015 – Saudi Arabia plans to allow foreigners direct access to its stock market, one of the worlds most restricted, from June 15.
April 20, 2015 – Norways $890 billion wealth fund will work to promote the rise of utility-like venues to make its biggest trades to avoid front-running and bring down the costs of stock transactions.
April 20, 2015 – The first high-speed trader charged with a method of market manipulation known as spoofing lost a bid to dismiss the case based on an argument the new law is too vague to be enforced.
April 20, 2015 – Pacific Investment Management Co. is urging regulators to rethink bank-capital requirements because they threaten market stability.
April 17, 2015 – Are buyside traders too reliant on a single market data, messaging, and trading network?
Highlights from the Current Issue
After the foreign exchange rate manipulation scandal, Russell Investments envisions buyside firms banding together to trade FX among themselves. Michael DuCharme and Joe Hoffman are leading the charge.
Lets review dark pools baseline functionality and examine the good and bad of anti-gaming filters. Then well discuss simple guidelines that help refine your dark routing choices.
Euclidean Trading is delivering a trading formula for dollar interest rates in the hope that human options traders will go electronic.
The Securities and Exchange Commission has decided to delay the implementation of its new tick size pilot program until May 6.
With ICE's Grand Bargain proposal, its hard not to see the benefit to the legacy exchanges.
Traders speaks Chuck Lugay about his take on the market, what new regulations might look like, and what keeps traders and brokers up at night.