Commentary

Ivy Schmerken
Traders Magazine Online News

MiFID II Transparency Puts Stress on Data Architecture

Buy-side firms are facing huge changes in disclosure and transparency requirements, which could upend their data management architectures, according to this guest commentary from FlexTrade.

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ITG Reveals Thoughts on Tick Pilot After Almost A Year

Execution broker and technology firm ITG has shared with Traders Magazine its data findings for the Securities and Exchange Commission’s Tick Pilot program which is rapidly approaching its first-year anniversary.

JPMorgan JPBX Dark Pool Opens for Business

This new venue operates by allowing the bank’s customers to route their orders via the bank’s algorithms to execute at a benchmark price achieved during a set time period.

FlexTrade Launches Best Execution Platform Website

FlexTrade announced the launch of a Best Execution Platform showing all aspects of best execution are planned, monitored and proven during the entire trading life cycle.

Instinet Completes Purchase of BlockCross ATS from State Street

Instinet has completed the purchase of the BlockCross ATS, an alternative trading system (ATS), from State Street.

FLASHBACK FRIDAY: Specialist Breaks Ground

Back at the turn of the century, specialist firms and the brokers were faced with new challenges – and not just the Millennium Bug type. And one of them was LaBranche & Co, a firm that traced its roots back to before the Great Depression. But could it adapt and survive the electronic trading revolution?

Wall Street Access Takes Interest in Prime Broker RJL Capital Group

Wall Street Access announced that it has acquired a majority interest in RJL Capital Group, LLC, a New York-based provider of prime brokerage and trading services.

Regional Bonds Dealers Growing Despite Regulatory Burden

In a new report, market consultancy Greenwich Associates focuses on the impact of regulation, relationships and electronic trading in the blossoming sector.

Four Brokers Fined for Violating Market Access Rules

Four firms have been censured and fined a total of $4.75 million for violations of various provisions of Rule 15c3-5 of the Securities Exchange Act of 1934 otherwise known as the Market Access Rule 15c 3-5 and related exchange supervisory rules.

Cultivating Buy-Side Relations Most Important: Sell-Side

The market color, expertise and support sales coverage supplies to the buy-side client is key to a firm’s success, according to one executive. Sales’ ability to cultivate existing relationships and forge new ones is as important, he told Traders Magazine, as connecting pipes or fiber optics.

FactSet Teams with Liquidnet to Offer MiFID II Research Unbundling Solution

Through this combination, firms can track the research they have consumed, the value they derive from it, and all relevant interactions around an investment decision in FactSet RMS and through the integration with Liquidnet, seamlessly conduct their review and distribute research payments.

Horizon and ULTUMUS Partnership Set to Help Buy-Side

The new deal will improve ETF trading efficiencies and result in traders having a single point for analyzing and executing ETF trades.

Vela Completes Object Trading Acquisition

The expanded company, including OptionsCity, will deliver advanced market data, trading and analytics technology solutions.

Marusan Chooses Fidessa for Wholesale Agency Trading

Marusan Securities Co., Ltd., an independent securities company headquartered in Tokyo, has gone live with Fidessa for its wholesale agency trading business.

TRADING UP: JonesTrading Snags Rivellli and Trimmer; Cabrera Blooms

In this week's On the Move, more high profile changes at the brokers with JonesTrading, BTIG and Cabrera all seeing action. Also, one electronic trading market veteran from KCG is departing.

Sterling Trading Tech Signs On for Clearpool Group's Fusion Trading System

Sterling Trading Tech announced an exclusive global license agreement for Fusion, a trading platform from Clearpool Group, Inc. Following the license, STT will be the only authorized provider of Fusion, and will offer Fusion to the trading community.