David Weisberger

Does Exchange Fragmentation Really Hurt the Equity Market?

In today's commentary, RegOne's David Weisberger looks back at the "good old days" when there were two exchanges. He said this setup was not necessarily that good and, despite the fear of the unknown, technology and venue competition generally lead to progress.

Traders Poll

Given that there are over two dozen equity exchanges currently, would it be better to have fewer?


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So How Does European Unbundling Affect The Buyside and Sellside?

– It looks like the potential effects of "unbundling" commissions in Europe for its traders will have a system-wide impact - effecting both the institutional trader and sales trader alike.

DTCC Elects Deutsche Bank's Turley to Board of Directors

– The Depository Trust & Clearing Corporation today announced that Jim Turley, co-head of group technology and operations (GTO) for Deutsche Bank, has been elected to its Board of Directors.

Fidessa Adds BAML Instinct Trading System for Canadian Traders

– Bank of America Merrill Lynch's flagship trading system is now available to Canadian traders who tap Fidessa for their execution needs.

BRICS Set Up $100 Billion Pool of Reserves to Aid With Liquidity

– The BRICS group of nations will create a $100 billion pool of foreign-exchange reserves to help each other “in case of any problems with dollar liquidity,” the Russian central bank said in a statement.

ITG Launches Server for U.S. - Canada Interlisted Stocks

– Traders who want to execute orders in interlisted stocks are getting an updated piece of technology to trade faster and cheaper.

BATS Suffered a 30-Minute Trading Outage on Its EDGX Stock Market Monday

– Technical difficulties forced BATS Global Markets Inc. to halt trading on its second-largest stock exchange for more than 30 minutes on Monday morning.

‘Flash Boys’ Programmer in Goldman Case Prevails Second Time

– Sergey Aleynikov, whose travails helped inspire Michael Lewis’s “Flash Boys,” was tried by New York prosecutors who took up the case after a federal conviction unraveled.

HKEx Set to Introduce Volatility Bands & Closing Auction in 2016

– One major Asian stock exchange operator is preparing to install volatility bands to help maintain market stability during times of distress.

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Highlights from the Current Issue

Deutsche Asset & Wealth Management's Mike Bellaro Overhauled His Trading Desk. Here's How.

Bellaro's mission was clear - update his trading desk, deploy new technology and beat the competition. Traders gets an inside look at just how he did this and how it might help make DB bigger than Goldman Sachs.

An Inside Look at Luminex, the ATS Built By the Buyside

With Luminex, a collection of elite asset managers is creating a new buyside trading venue that is not-for-profit.

Celebs Hit the BTIG Trading Floor For Charity

Global brokerage firm BTIG raised more than $5 million for its Commissions from Charity Day 2015 thanks to Kristin Davis, Eli Manning, Hannah Storm, Lawrence Taylor, and other celebs.

After 45 years on Wall Street, Bank of America’s Sylvia Rocco Retires

Bank of America Merrill Lynch's senior trader and managing director Sylvia Rocco has finally decided, after more than four decades on the trading desk and floor, to leave the firm and the only job she has ever known.

Dark Pool Dilemma - Aggregation Aggravation

In this final "Tales from the Dark Side," Greenwich's Craig Viani examines how venue proliferation has driven the need for algo aggregation, and brought to light the challenges in accessing non-displayed liquidity via an intermediary.

SEC Set to Begin Debate on Order Protection Rule on May 13

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."

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