Commentary

Rob Daly

Industry Questions Reg SCI's Effectiveness After SEC Vote

Investment market participants still doubt that the new system risk rule will have any impact in a complex and far-reaching global market structure.

Traders Poll

Are you excited about the opening of the Chinese equity markets and the Hong Kong-Shanghai trading link?

Yes

83%

No

17%

Advertisement

Free Site Registration

Latest News

SEC Faces Audit Over Rules Governing Employees’ Stock Trading

– The U.S. stock market’s top regulator is being examined over trading by its own employees.

Defining Algos In Futures Markets

– Using algos in finance first emerged in cash equities but the changes sweeping through derivatives markets have ignited demand for more intelligent access to futures and options.

CME’s Market Surveillance Found Lacking by Its Chief Regulator

– CME Group Inc.’s efforts to police its exchanges, which are some of the biggest in the world, should be improved, according to its primary regulator

NOIP Holiday Party 2014 Gallery - Part 1

– Scenes from the holiday party of the National Association of Investment Professionals.

WSW 2014: Why Does Vivian Bakonyi Love to Trade?

– One would think that Vivian Bakonyi, a 20-year veteran who has worked for two decades at hedge fund giant BlackRock in its various forms, would want a change of scenery. Think again.

LBR's Raschke Says Trading Options Provides More Bang for the Buck

– Linda Bradford Raschke doesn't consider herself a buyside trader as she loves futures and not equities. Why? As Raschke puts it, she just loves the strategy and the trading of futures better than equities.

Citigroup ‘Idea Dinners’ Cited in Finra Fine Over Bank Research

– Finra has opted to fine Citigroup $15 million for violations regarding stock research. According to the filing, an employee offered tips at “idea dinners” on stocks that he had rated as hold or neutral, according to the regulator.

Despite Low-Touch Growth, European Equity Commissions Still Pressured in 2014

– Like in the U.S., the growth in low-touch trading in Europe isn't helping equity commission growth. As a matter of fact, equity commissions in 2014 will be down versus 2013.

More Stories

Highlights from the Current Issue

Meet the Innovators

Traders Magazine celebrates the winners of this year's fourth annual Wall Street Woman Awards: A Celebration of Excellence. Meet the individual winners of the awards and see how they came to prominence in a traditionally male-dominated industry.

Citi Launches C-Tracks Exchange Traded Notes

Bulge bracket firm Citi announced today the listing of the new C Tracks on NYSE Arca with the symbol "DIVC." The C-Tracks exchange-traded notes Miller/Howard strategic dividend reinvestor. which gives exposure to 30 stocks, begins trading today.

PDQ ATS Posts Its Form ATS on Web

PDQ Enterprises, operator of PDQ ATS announced that its Form ATS is now available for direct download on the company website.

Reputational Risk RIP

Today, a $5 billion fine is the cost of doing business. How can any Wall Street firm take risk seriously?

KCG Said to Seek at Least $300 Million for HotSpot Unit

KCG Holdings Inc., the trading firm formed in the aftermath of Knight Capital Group Inc.'s near collapse, is seeking at least $300 million for its currencies unit, people with knowledge of the matter said.

PDQ ATS Announces New Auction with Up to One Second Delay

PDQ ATS, the venue that helps the buyside amass liquidity by building an order book first and then holding an auction, is about to introduce its second auction model.

FXCM Launches New Pricing Model Offering Raw Forex Spreads

FXCM, a global online provider of foreign exchange trading and related services, announced that its U.S. subsidiary FXCM U.S. has introduced a new retail FX pricing model. FXCM U.S. platforms will now display raw spreads and mark-ups previously included in the spread will be separately displayed as a commission.

BOOK REVIEW: 'Flash Boys' Burns HFT

Traders' reviews the controversial Michael Lewis tome 'Flash Boys' and how it has changed the way Americans think about high-frequency trading "if they even thought about it all" and its impact that may be seen in new regulations.

The Long Compliance Race

In an industry dominated by speed, where short-term success is dependent on decisions made faster than the blink of an eye, guest commentator Mark Knoll said that getting traders to focus on the long-term impact of regulatory changes is like trying to get a world class sprinter to think like a marathon runner.

CLEARING: CME's Sprague Warns About Failure to Settle Clearing Impasse

Traders spoke to Suzanne Sprague, executive director of collateral and risk for CME Clearing about the impasse, how to resolve it, and what it means for the clearing market.

Goldman Sachs Prohibits Bankers from Buying Stocks

In a move designed to address potential conflicts of interest and clarify an opaque policy on employee ownership of stock, Goldman Sachs is making a move to protect its employees and itself.

Will Illiquid Stocks Spell Doom for the Trade-At Rule?

Will the illiquidity of small- cap stocks and others targeted for promotion by the JOBS Act make execution of a "trade-at" rule more difficult?

HFT Hype Should Give Way to Serious Market Discussion, Experts Say

With the immediate furor over Michael Lewis's book, Flash Boys, finally dying down, many market players are hoping the receding hype gives way to a discussion of the real problems and possible solutions to some of the issues the book brought up - namely market structure.

ALGO UPDATE: Neonet Readies Algos for Europe; U.S. to Follow

Swedish agency-broker Neonet has a simple business strategy – offer its algorithms and electronic trading solutions first to its native European equity trading clients, and then cross the Atlantic and enter the U.S. equity markets.

ITG Announces POSIT 3.0 Algorithm Rollout

ITG's newest dark pool algorithm, POSIT 3.0, is now available to all its U.S. clients, and sometime next year to its European customers.

The Marketplace Awaits Regulation SCI

Davis Polk's Annette Nazareth and Jeffrey Dinwoodie review Reg SCI, its implications, costs and how the rulemaking may be an interesting window into the SEC's future steps in market structure.

Watch the Fiscal Rocks

Modern Network's Tim Quast discusses Michael Lewis's cage-rattling bestseller about high-speed trading, "Flash Boys," and how it left one thing out. Quast notes Lewis didn't say why exchanges pay fast traders. The answer spotlights the importance of getting right whatever corrective market-structure measures may come.

PDQ ATS Announces New Auction with Up to One Second Delay

PDQ ATS, the venue that helps the buyside amass liquidity by building an order book first and then holding an auction, is about to introduce its second auction model.

Will Illiquid Stocks Spell Doom for the Trade-At Rule?

Will the illiquidity of small- cap stocks and others targeted for promotion by the JOBS Act make execution of a "trade-at" rule more difficult?

Current Issue

Sponsored Series

Advertisement

Advertisement

Current Issue

Traders Magazine

The stock dealers and institutional traders complete interactive news and information service

Advertisement