In this guest commentary, Jim Toes, president and CEO at the STA, discusses the candidacy of SEC Chairman nominee Jay Clayton and what his unique credentials can mean for the capital markets.
January 24, 2017 – The Tick Size Pilot Program has resulted in increased liquidity for included small-cap stocksbut that comes at a price, according to the latest study from ITG.
January 24, 2017 – In this week On The Move, two brokers bulk up their desks with senior hires while the CFTC gets a new interim Chairman. Also, UBS loses its head of prime brokerage sales.
January 24, 2017 – FINCAD, a provider of sophisticated valuation and risk analytics for multi-asset derivatives and fixed income portfolios, announced that its F3 solution has been enhanced with advanced scenario analysis capabilities and a more flexible reporting framework.
January 23, 2017 – While traders spent the last week preparing for a possible Inauguration Day sell -off, market consensus seems to indicate the a fresh wave of buying an rally could be in the alley.
January 23, 2017 – BNP Paribas Securities Services, a provider of clearing and custody services, has partnered with fintech company Calypso Technology to provide investment banks with a full, end-to-end post-trade services offering across asset classes.
January 23, 2017 – The REDI acquisition allows Thomson Reuters to offer advanced, broker-neutral, cross-asset trade execution capabilities for the buy-side trading community.
January 20, 2017 – The Security Traders Association of Florida (STAF) has the answer to the winter blues as it prepares to hold its 37th Annual Conference at the Eden Roc Miami Beach Hotel, Miami Beach, Florida from February 912.
January 20, 2017 – Aequitas NEO Exchange has announced that Invesco Canada is expanding its presence on the NEO Exchange and has applied to list two new PowerShares ETFs.
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.