Commentary

David Weisberger
Traders Magazine Online News

Are Speed-Bumps, Market Structure's "Back to the Future?"

Guest commentator David Weisberger examines the validity of the latest iteration of the speed bump as put forth by CHX and wonders if it is a step backwards.

Traders Poll

Are you reducing your research commission spend based on MiFID II requirements?

Yes

75%

No

0%

My spend is unchanged

17%

MiFID II had nothing to do with spend changes

8%

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More News - Brokerage

CEO CHAT: Global Liquidity's Lang Says Dark Pools Are “Clean”

In a blog shared with Traders Magazine, Global Liquidity Partners CEO Tim Lang shares his thoughts on the toxicity levels of U.S. dark pools.

Broker Votes Get Quant Clarity

Whether preparing for MiFID II or implementing best practices, buy-side firms are enhancing their broker votes with quantitative data regarding the brokerage research that they consume

NYS Comptroller Reports Wall Street Compensation Up 2% to $23.9 Billion

New York State Comptroller Thomas P. DiNapoli noted in his most recent report that the bonus pool for Wall Street employees rose 2% to $23.9 billion during the December-to-March bonus season.

Equities.com Launches Unlimited Retail Trading Via Tradier Brokerage

Equities.com, a financial media and investor community, and Tradier Brokerage Inc., a brokerage service, announced the launch of unlimited trading on the Equities.com platform via Tradier Brokerage Inc.

Research as a Service: Assessing the Implications of MiFID II on Investment Research

Research aggregators have offered the buy side access to research via a platform with transparent pricing, usage analytics, and budgeting tools. Celent explores key drivers of the success of these platforms - such as pricing strategies.

ON THE MOVE: Citi, BTIG & DB All Hire Talent

In this week's On the Move, the brokers spring into action hiring new staff from each other and externally. Also, a new hedge fund is set to launch from a veteran Wall Street executive in Sweden and Tabb Group lands new analysts.

Citadel Securities Joins Tradeweb’s Institutional U.S. Treasuries Marketplace

Citadel Securities’ expansion into U.S. Treasuries complements their existing market making efforts on Tradeweb in interest rate swaps, credit default swap indices, and U.S. ETFs.

KCG Retail Order Flow at Stake in Virtu Grab

Virtu Financial’s unsolicited offer to buy KCG Holdings is all about the little guy – retail order flow.

Interactive Brokers Group to Cease Options Market Making

Interactive Brokers Group announced that it was getting out of the options market making business.

ALGO UPDATE: Liquidnet Canada Rolls Out New Block Suite

International buy-side traders looking for block liquidity in Canada are getting a whole new suite of algorithms, courtesy of Liquidnet Canada.

Complex Algos Need More Refinement - ITG Survey

Implementation shortfall algorithms, despite their popularity, are in need of some retooling. That’s what the buy-side told agency-only broker ITG in its latest survey which focused on algorithmic trading strategies and how traders view them.

BSTA Set to Hold Market Maker Roundtable, St Pats Party on March 16

IEX’s CSO, Eric Stockland along with the Boston Security Traders Association, is set to host a panel on the role that market makers play in today’s marketplace. The discussion and Q&A session will focus on the roles that risk, pricing and speed play in top market making firms trading processes.

ON THE MOVE: BTIG Adds Fixed Income Trio; JPM Snags DB Duo

In this week's On The Move, changes at several brokers lead this week's moves with BTIG, JP Morgan and Incapital all adding traders. Also, chart the changes at Citi, tastytrade and NEX Exchange.

thinkorswim Platform Ups Fundamental Data Research and Screening Capabilities

The new capabilities enable thinkorswim users to search and sort fundamental data on the entire universe of equity symbols from their watchlists, and share their screeners with other users.

Buy Side to Brokers: 'Show Me Some Love'

The best way for a broker to prove their value to a buy-side trader is to simply pick up the phone and reach out. In other words, show the buy-side some love. Now.

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