Is Rule 606 hopelessly outdated and broken? RegOne's Weisberger examines the regulation and whether or not it is outdated and fails to require disclosure of the vast majority of all routing.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 17, 2015 – Are buyside traders too reliant on a single market data, messaging, and trading network?
April 17, 2015 – Brokers, traders and industry observers wasted no time in criticizing the IT and market data giant for its technical mishap.
April 17, 2015 – T. Rowe Price Group Inc., one of the biggest critics of modern trading practices, now finds itself in a seemingly surprising spot: It acquired shares of Virtu Financial Inc.
April 17, 2015 – BATS Global Markets just beefed up its exchange trade funds (ETF) business, luring an NYSE executive to join its business.
April 17, 2015 – The U.K. Debt Management Office postponed a 3 billion-pound ($4.5 billion) sale of bills after an outage affected Bloomberg LP, the operator of a debt-auction system.
April 17, 2015 – Derek Kaufman, global head of fixed income at Citadel LLC, is leaving the hedge fund firm after losing $1 billion last year in a variety of trades, according to a person familiar with the matter.
April 17, 2015 – Brokers and insurance agents providing retirement-savings advice would have to put clients interests ahead of their own under an Obama administration plan that will face stiff opposition from Wall Street and Republican lawmakers.
April 16, 2015 – Virtu Financial Inc. raised $314 million in its initial public offering, after the high-frequency traders shares were priced at the top of the marketed range.
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.