ConvergEx announced last week that it was euthanizing one of its two dark pools, VortEx. Guest commentator, Craig Viani, one of the dark pool's co-founders, muses about the passing of the ATS.
October 8, 2015 – Bill Gross sued Pacific Investment Management Co. and parent Allianz SE for hundreds of millions of dollars, claiming he was wrongfully pushed out as the bond giants chief investment officer . But why?
October 8, 2015 – Hillary Clinton is proposing a tax on the flash boys that may be unlike any in the world.
October 8, 2015 – Things are happening inside Legal & General Investment Management America (LGIMA) -- and, as head of global equity trading, Drew Miyawaki is at the center of the action -- building a trading desk while others are shrinking or closing them.
October 8, 2015 – Blythe Masters, chief executive officer of New York technology startup Digital Asset Holdings, doesnt care much about bitcoin.
October 8, 2015 – BlackRock Inc., the worlds biggest asset manager, has concocted its own remedy for days of extraordinary volatility in the U.S. equity market.
October 7, 2015 – Nasdaq Chief Executive Officer Bob Greifeld says governance of dark pools is still too murky. But why?
October 7, 2015 – The worlds largest issuers of exchange- traded funds are holding talks with stock exchanges and market- makers to avoid a repeat of the issues that plagued ETFs during Aug. 24s market turmoil, according to five people with direct knowledge of the matter.
October 7, 2015 – Is regulatory scrutiny preventing best execution in the foreign exchange markets? Is the buyside getting the most from its high-touch sales trader coverage?
Highlights from the Current Issue
Things are happening inside Legal & General Investment Management America (LGIMA) -- and, as head of global equity trading, Drew Miyawaki is at the center of the action -- building a trading desk while others are shrinking or closing them.
Where do the latest trading tools come from? Traders takes a tour of the trading floor of broker-dealer solution provider REDI in Manhattan's financial district.
BATs Global has gotten the A-OK from the Securities and Exchange Commission to open its second options trading venue, EDGX Options.
And the countdown has started in earnest towards full-fledged exchange status at buyside-sponsored trading venue IEX. According to memo sent to its clients and shared with Traders, chief executive officer Brad Katsuyama said the venue planned to begin operation as a full-fledged exchange in late Q1 2016.
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 that will help the buyside find liquidity.
For the first time in history, dollar volume in ETF trading has topped US GDP. Guest commentator Tim Quast examines the explosion in ETFs and how they and other aspects of market evolution are changing what sets stock prices.