Forward-thinking asset managers can rewrite the rules of management to provide hybrid portfolios that combine the benefits of both active and passive strategies by leveraging quantitative techniques.
February 23, 2017 – In this guest commentary, Convergex's Eric Noll talks about the implications of MiFD II compliance, solutions and asks the question just what will happen to the research analyst.
February 23, 2017 – Guest commentator Nick Savona discusses that if hiring levels are an indication, the buyside is taking the bull by the horns, as it were, by in-sourcing trade execution.
February 23, 2017 – Visible Alpha announces the commercial availability of its new investment research platform with content contributed by more than twenty research firms.
February 22, 2017 – As more asset managers adopt centralized trading desks in the name of efficiency, they could be robbing Peter to pay Paul.
February 22, 2017 – Pragma Securities has recently unveiled new block trading and pairs capabilities for the Pragma360 Suite for equities, namely the Pairs 2.0 algorithm and the release of conditional order inclusion and functionality in its algos.
February 22, 2017 – Blockchain will become adopted in the financial post-trade area in three to five years, according to 48% of the membership base of the Post-Trade Distributed Ledger (PTDL) Group.
February 22, 2017 – IEX, the Investors Exchange, launched a free, web-based API supplying IEX quoting and trading data for mobile, desktop and trading applications.
February 22, 2017 – STT will offer three product lines to the market place, including trading platforms, real time risk and compliance tools, and infrastructure products including FIX connections and a forth coming single order management system.
Highlights from the Current Issue
Once a plain-vanilla add-on to an exchange offering, market data has evolved into a key battleground between market participants, i.e. the consumers of market data, and market operators, the producers of market data.
Some major trends in the options market have been the same for a number of years. Flat volumes. Marketplace fragmentation. A bifurcation of liquidity. But at least one noteworthy development is of a more recent vintage: auctions.
When Regulation National Market System was established in 2005, George W. Bush was five months into his second term as U.S. President. A lot has changed in 11 years, both in the world at large and in financial markets. So it stands to reason that Reg NMS, the sweeping ruleset that was aimed at modernizing and strengthening equity market structure, has passed its best by date.
In a complex electronic equity marketplace with myriad points of contention, maker-taker stands out as especially complex and contentious. But many wonder, is it time for this pricing schema to go the way of the Edsel?
If it ain't broke, don't fix it. That's the view of many trading professionals regarding the upcoming U.S. presidential election, with "it" referring to the economy and markets.
High-frequency trading has served as sort of a catch-all, market bogeyman phrase for about the past half-dozen years, or about as long as the methodology has been in the awareness of the general public. But now perhaps that perception is finally changing.
In this contributed piece from Andrew Upward of Weeden & Co., the broker analyzes how regulator have gone on record with some new thoughts about how best execution should be pursued in light of new technologies and practices.
North American equity exchanges face swirling winds: rapidly advancing technology, evolving market structure, and the arrival of a splashy new competitor.
So-called dark pools are getting less dark. Well, sort of.
For market participants and operators standing on a shore, the Consolidated Audit Trail is like a distant ship on the horizon. It's moving very slowly - so slow that sometimes movement is imperceptible. And it has been out there on the water for what seems like a very long time. But as hard as it may be to envision, one of these days, the ship will dock, and all its details will be known.
With a half-dozen meetings under its belt, its fair to say the 20-month-old Equity Market Structure Advisory Committee has moved beyond the brand-new stage and is doing what it was established to do act as a consigliere to the U.S. Securities and Exchange Commission on all things pertaining to equity market structure.