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.
Is the approved SEC Tick Size Pilot Program meet your expectations for what it should be?
- It was a good compromise
- The SEC should start over
May 26, 2015 – The days of quant graduates flocking to the trading floor are over. What caused the shift?
May 26, 2015 – In today's On the Move, BTIG hired a bunch of senior hires in its investment banking and capital markets division, while a top JP Morgan banker in its Prime services unit has left the firm. Also, Nomura added to its ranks and Cantor Fitzgerald hired a pair of sales traders.
May 26, 2015 – Federal Reserve Vice Chairman Stanley Fischer said central bankers are weighing the risk of raising interest rates prematurely against the danger of having to play catch-up if they wait too long.
May 22, 2015 – Alternate trading System IEX is making more trading data public by allowing access to its displayed order book. Now anyone can now interact and see just what is going on inside the venue.
May 22, 2015 – For the first time in five years, algorithmic executions by buysiders have declined as commission spend has dropped off.
May 22, 2015 – Quantlab Technologies Ltd. won $12.2 million in damages from rivals who used stolen high-frequency trading code to found SXP Analytics LLC.
May 22, 2015 – Five of the biggest banks in the world pleaded guilty Wednesday to criminal charges and essentially admitted they defrauded their customers. What's significant about this settlement is that it marks the end of the practice of allowing banks to neither admit nor deny wrongdoing.
May 21, 2015 – Buyside traders using the Europe-based Bondcube fixed income trading system can now find liquidity via one of the equity market's liquidity providers - ITG.
Highlights from the Current Issue
Despite doomsday media headlines warning investors about a looming liquidity shortage in corporate bonds, Amy Koch, managing director and head of taxable fixed-income trading at Standish Mellon Asset Management, sees no reason to panic.
Will a new FINRA pre-trade transparency proposal lay the ground work for establishing a consolidated tape for the corporate bond market?
With nearly two years since its birth as an independent fintech company, chief executive officer Rishi Nangalia and chief technology officer Josh Schubkegel recently sat down with Traders to discuss where the firm's been and where it's headed.
With Polen Capital's new Global Growth Equity Strategy, read how Julian Pick and his team are willing to wait for the perfect trading opportunity.
With ICE's Grand Bargain proposal, its hard not to see the benefit to the legacy exchanges.
After hinting at greater oversights, the SEC took its first step to regulating all high-frequency trading firms.