Commentary

David Weisberger

Exchange Monopolies, Really?

In this guest commentary, RegOne solutions' David Weisberger examines one executive's proposal that exchanges have an exclusive listing of small cap stocks and if it's a good idea?

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Are you trading more foreign exchange now than two years ago?

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Yes - a lot more

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So much that I should sit on the FX desk

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Latest News

Hong Kong Fines BNP Paribas for Breaking Dark-Pool Trading Rules

– Hong Kong’s financial regulator fined BNP Paribas SA’s local unit HK$15 million ($1.9 million) for breaching rules that set out how its dark pool should operate.

China Limits Stock Market Short Selling to Curb Volatility

– Chinese regulators restricted short selling of stocks, freezing out day traders, in their latest step aimed at stabilizing the world’s second-largest equity market.

Citadel Account Frozen Amid China Algorithmic Trading Probe

– Citadel Securities, the trading firm started by Ken Griffin, owns one of the 38 accounts frozen by Chinese exchanges as authorities investigate whether algorithmic traders are disrupting the nation’s stock market

ITG Drops CEO Gasser In Wake of Dark Pool Fine

– The troubled broker-dealer has named E-Trade veteran Jarett Lilien as interim CEO in the wake of a dark pool scandal that could cost the broker $20.3 million.

TRADERS ON THE MOVE: EBS Forms Exec Team, RJO Hires FX Head

– EBS BrokerTec, ICAP's electronic foreign exchange hired and named a new executive team to lead its charge into the currency space, while RJO also added a foreign exchange pro to help it build out its business. Also, CBOE promoted an executive to senior business development and more in today's Traders On the Move.

CBOE Set To List VIX 'Weeklys' Options Beginning October 8

– The Chicago Board Options Exchange (CBOE) recently unveiled plans to list options with weekly expirations on the CBOE Volatility Index (VIX Index) beginning Thursday, October 8, 2015.

KCG Shares Tumble After Unexpected Second-Quarter Loss

– KCG Holdings Inc. tumbled as much as 12 percent after the broker and market-maker unexpectedly revealed that it lost $19.2 million in the second quarter.

U.S. Brokers Face Big Rise in Exchange Fees Thanks to SEC Ruling

– Wall Street brokers are facing a big jump in the fees they pay to stock exchanges for trading data -- and have the U.S. Securities and Exchange Commission to blame for it.

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Highlights from the Current Issue

Bitcoin Never Sleeps: How Pantera Capital's Dan Morehead Trades The Digital Currency

Bitcoin-focused hedge funds must deal with the challenges of long-term investments. And the trading is relentless.

Algo Update: Neonet's Capture Grabs Liquidity Anywhere

The firm’s newest algorithm, dubbed Capture, is the latest addition to its growing stable of software designed to help the buyside source liquidity.

TRADERS ON THE MOVE: Schapiro Joins LSE, Jefferies Gets Low-Touch Head in Europe

In today's Traders On the Move, Texas-based CAPIS hires a senior trader for its fixed income desk, while ex-SEC Chair Mary Shapiro has been elected to the board of the LSE. Also, Jefferies has hired a new head of electronic sales.

Liquidnet and IEX Bring New Algorithmic Routing 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.

HKEx to Resume Closing Auction, Impose Temporary Price Limits

Hong Kong Exchanges & Clearing Ltd. will reintroduce a daily auction to set closing stock prices and impose temporary price controls to limit extreme share moves.

KCG Rebrands and Relaunches its Dark Pool

Like a phoenix rising from the ashes of its former self, KCG Holdings has rebranded and relaunched its dark pool website and the pool itself.

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