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Commentary

EDITOR'S LETTER
Tom Steinert-Threlkeld

Trading Through

The mispriced transactions totaled 442,600, from October 2008 through the start of this year. The amount owed customers for the mistakes was $420,360. Less than a buck a trade. On a 200-share trade, that equals less than 3 cents each.

Traders Poll

Would creating a handful of "universal" order types help reduce the complexity of equities trading?

Yes

40%

No

30%

There are other issues to be considered

30%

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News

Report Says Brokers Need to Change High-Touch Approach

Change or die. That's what Woodbine Associates is advocating in a new report released today, "Sales-Traders: Asset Manager Expectations from High-Touch Coverage'." Brokers must change their approach if they want to offer a superior high-touch trading experience, the report said.

Buyside Ups OMS and EMS Spending As Market Structure Changes

Institutional traders are opening their collective wallets wider and spending more on their order and execution management systems to keep pace with the changes in equity market structure, according to a report from Greenwich Associates.

Barclays Will Continue to Report Dark Pool Volumes

Barclays announced today it will continue reporting monthly dark pool volume data.

Articles

Guide to Correspondent Clearing Firms

A guide to correspondent clearing firms as presented by Clearing Quarterly & Directory.

Looking Forward, Back at Risks

Omaha, Neb.-based PrairieSmarts is rolling out software that looks at risks faced by securities in both the past and future.

Debate on EMS/ OMS Merger

So far, there's no clear direction as to whether buyside trading desks should keep management and execution of their orders in two separate systems or unify them in a single one.

Briefs

Here are this month's Editor's Picks for the best and most newsworthy stories covered by Traders Magazine online news. These stories appear in abbreviated form. To read full length items, please visit our wesbite at www.tradersmagazine.com.

Fund Fight

For years, exchange-traded fund trading volume surged. Now, it’s slumping too. Nasdaq, NYSE and BATS are now slugging it out with incentives, new order types and a new ETF-focused exchange to resuscitate trading.

Joining Forces

Agency brokerage Rosenblatt Securities is going to execute trades and provide other infrastructure services such as technology, back office and compliance for Wedge Partners, a research-focused broker-dealer based in Denver that is choosing to hone its focus on research.