Craig Viani

Lights Out In The Dark: Goodnight Vortex

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.

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Latest News

Tabb Says Revisions to ATS Transparency Initiative Must be Understood in Context

– 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.

Goldman: Three Hurdles the Market Faces in the Fourth Quarter

– In its most recent U.S. Weekly Kickstart, Goldman Sachs analysts highlight three hurdles the market faces as we approach what's turning out to be a bumpy year.

Chinese Exchanges Plan to Watch HFT More Closely

– 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.

Interactive Data Files for IPO, Led by Morgan Stanley, Barclays

– 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.

Best Execution Leads Updated Linedata Trading Tool

– With LineData Longview, the updated portfolio management tool aims to prepare clients for growth.

Goldman Sachs: Three Hurdles the Market Faces in the Fourth Quarter

– The Wall Street giant expects disappointing sales growth and weak margins coupled with negative fourth-quarter guidance and reduced prospects for 2016.

Ospraie Said to Back New Metals Firm Run by Ex-Noble Traders

– 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.

Countdown to MiFID II Compliance

– Why hedge funds and boutique investment firms must adapt to the new regulatory landscape.

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Highlights from the Current Issue

How Drew Miyawaki Plans to Grow the Chicago Index Trading Desk of LGIMA

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.

On The REDI Floor - Part 1

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 Gets SEC Go-Ahead to Launch Second Options Marketplace

BATs Global has gotten the A-OK from the Securities and Exchange Commission to open its second options trading venue, EDGX Options.

IEX'S Katsuyama Pegs Exchange Launch Date in Q1 2016

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.

ALGO UPDATE: Liquidnet and IEX Create Dark Strategy

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.

How ETFs and Other Factors Are Setting Equity Prices in the Marketplace

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.

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