Commentary

David Weisberger

Is Rule 606 Broken?

Is Rule 606 hopelessly outdated and broken? RegOne's Weisberger examines the regulation and whether or not it is outdated and fails to require disclosure of the vast majority of all routing.

Traders Poll

Will accused high-frequency trader Navinder Sarao be extradited to the U.S. to face charges related to the May 2010 Flash Crash.




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Latest News

IEX, JPMorgan, Franklin Templeton: More Scenes From STANY 2015

– Heavyweights from Morgan Stanley, NYSE, Citadel, Barclays and more gathered at the Security Traders Association of New York 2015 and Traders has the pictures to prove it.

TRADERS ON THE MOVE: SIX CEO Steps Down, LSE Hires a Pair

– In today's On the Move, Swiss exchange SIX's chief executive has stepped down as did the head of Euronext. LSE has hired a pair of professionals and SocGen has lost its global head of foreign exchange.

Senate Democrats Push Back on Obama Plan to Tighten Broker Rules

– The Obama administration plan to tighten rules on brokers is facing blowback from the president’s own party.

Market Manipulation Complaints Are Common But Prosecutions Rare

– CME Group Inc., the operator of the biggest U.S. futures market, has a spoofing problem.

Jefferies Said to Hire Barclays’s Pepe for Electronic Trading

– Jefferies Group, the investment bank owned by Leucadia National Corp., hired Chris Pepe from Barclays Plc to expand in electronic trading, according to people with knowledge of the matter.

Berkeley’s HFT Expert Buttresses Case Against U.K. Trader

– The sleuth who pieced together Navinder Singh Sarao’s pattern of spoofing isn’t an FBI agent or regulator. He’s an academic whose research has taken the view that high-frequency trading is good for markets.

Hedge Funds Bet Big In StreetWise Partners' Poker Tournament

– Traders from more than 300 hedge funds, private equity firms and VIPs gathered to raise more than $275K at the Raising the Ante Poker Tournament and Casino Event.

Some of the Flash Crash Story Just Makes No Sense: Michael Lewis

– How can a guy working from his parents’ house in suburban England whose only actionable orders were to BUY stock market futures cause such a sensational collapse in U.S. stocks?

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Highlights from the Current Issue

The FX Disruptors: Why Russell Investments Built a Buyside FX Platform

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.

Tales from the Dark Side Part 2: A-B-C or Always Be Crossing

Let’s review dark pools’ baseline functionality and examine the good and bad of anti-gaming filters. Then we’ll discuss simple guidelines that help refine your dark routing choices.

ALGO UPDATE: Algo Teaches Old Traders New Tricks

Euclidean Trading is delivering a trading formula for dollar interest rates in the hope that human options traders will go electronic.

SEC Delays Tick Size Pilot Until May 6

The Securities and Exchange Commission has decided to delay the implementation of its new tick size pilot program until May 6.

The Grand Bargain, or Grand Theft Auto?

With ICE's Grand Bargain proposal, it’s hard not to see the benefit to the legacy exchanges.

STANY President Lugay Looks at Challenges Ahead

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.

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