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Commentary

BRAVE NEW WORLD
Dan Mathisson

Uncanny Resemblance

The line between exchange trading and off-exchange trading has blurred to the point where there really isn’t that big a distinction anymore.

Traders Poll

The SEC recently extended the Reg SCI comment another 45 days until June 8. Is this enough time to gather comments on the proposed rule?

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More Articles - Brokerage

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.

At Odds Over Increments

Are higher trading costs justified if they produce more support for small- and mid-cap stocks? That question is at the heart of a debate among trading practitioners, regulators and academics as the Securities and Exchange Commission mulls the introduction of a pilot that could quintuple the size of the minimum trading increment.

Side By Side, but Worlds Apart

Nathalie Texier-Guillot and David Silber sit side by side in Citigroup's equity derivatives department. But their worlds couldn't be further apart. And yet to a certain extent, their worlds are converging.

Forex Trading Getting 'Equitized'

Large asset managers are now synchronizing the trading of currencies and equities on a single desk to help clients’ execution.

On the Move

Who's moving on the Street in equities and derivatives? Traders Magazine's OTM--On the Move--brings that info right here.

ITG Adds Anti-Gaming to Dark Pool

ITG has added anti-gaming technology into the operation of its POSIT dark pool, to protect institutional traders from high-frequency trading firms trying to sniff out their orders.

ITG Algo Taps Auction Close

Agency broker ITG announced a new algorithm designed to help traders better trade during the close, or the final 15 minutes of the day.

Weeden Algo Targets End-of-Day Liquidity

Institutional broker Weeden & Co. has released a new algorithm designed to capitalize on the increased trading activity near and at the equity market close.

Big Trades on Small Firms

Since 2005, Perritt Capital Management's George Perritt has been building up a specialty: trading in large blocks, which now accounts for 35 percent of its activity. Here’s how the buysider manages it.

Rising Through the Ranks

Look out, Credit Suisse. Barclays is closing in on U.S. dark pool supremacy. Simply put, Barclays' LX dark pool is now the second largest in the United States, behind only Credit Suisse's longtime leader, Crossfinder.