Commentary

Steve Grob
Traders Magazine Online News

The Periodic Table

Fidessa's Steve Grob has written a response to Marcus Ferber writing to ESMA condemning periodic auctions. The blog strongly criticizes Ferber's approach, and looks at the problems behind the "lit is good and dark is bad" attitude.

Traders Poll

Do you think that NY AG Schneiderman's probe into crypto exchanges will curtail growth and trading?



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Pragma Securities Commits to FX Global Code

Pragma announces it has committed to adopting the principles of the foreign exchange (FX) Global Code as a Market Participant.

BMO Enhances Algorithmic Trading Technology Through Clearpool Partnership

Clearpool will provide BMO with a fully customizable Algorithmic Management System (AMS) infrastructure to execute Canadian equities for BMO's institutional clients.

FLASHBACK FRIDAY: One Touch is the Future

Back in 2013 amid broker cost cutting and the trading technology revolution, there was talk that the high- and low-touch trading desk model would be combined into a "one-touch" set up. Now, five years later, has "one- touch" become anything more than talk?

TSE Now Accepting Applications for ETF Market Makers

Tokyo Stock Exchange, Inc. (TSE) plans to introduce an ETF market making incentive scheme in July 2018 to improve liquidity in the ETF market and has started accepting applications for ETF Market Makers.

NYSE Announces B & C Tape Fees

In a recently posted Trader Update, the New York Stock Exchange announced trading fees for Tape B and C securities.

Quantitative Brokers Partners with CQG to Offer Best Execution Algorithms for Futures

QB’s algorithms are specifically engineered for futures markets and helping traders achieve best execution. The addition of QB algorithms to the CQG platform will further assist buy-side traders.

Tradewind Launches Digital Gold Market

Tradewind has launched a new digital gold platform that combines exchange technology with VaultChain - a tailored blockchain application - that is expected to revolutionize the trading, settlement, and ownership of physical gold

Emerging Technologies Could Create New Vehicles to Replace Equities, Bonds

In a recent survey shared with Traders Magazine, Citi reported that new technologies could create newer investment vehicles. So much so, that by 2033 these new strategies could replaces stocks and bonds.

IHS Markit SFTR Solution Adds Five Industry Design Partners

The repo, securities lending and borrowing, and prime brokerage divisions of Citi, Morgan Stanley, RBC, UBS and Vanguard have joined the design partner group for its Securities Finance Transaction Regulation (SFTR) reporting solution with Pirum Systems.

ON THE MOVE: Vanguard Aligns Fixed Income Group, Jones and Instinet Hire Pros

The weekly recaps of hires, job moves and promotions around the Wall Street trading community.

Liquidity or Leakage: Crypto's Plumbing Problems

Cryptocurrency liquidity plays by its own rules.

Visible Alpha Announces HSBC as a New Investor; Launches Research Advisory Board

Visible Alpha adds HSBC to the group of leading bank investors in the company. VA also has launched an industry advisory board.

Buy-Side Demands More TCA

In order to meet best ex requirements, the buy-side has renewed and increased its focus on trading analytics and compliance has turned TCA from an optional static feature to an essential dynamic component of buy-side equity trading desks.

TRADERS Q&A: Citi’s Gately Discusses Return of Vol and Trading These Days

In a recent visit, Tim Gately, Citi’s U.S. Head of Equities sat down with Traders Magazine’s editor John D’Antona Jr. to discuss the trading markets, what’s new at the bulge bracket bank and market structure issues.

Broker-Dealer Profits Skyrocket 42% in 2017: NYS Comptroller

Securities industry profits rose dramatically in 2017 for the second consecutive year and the average bonus paid to financial industry employees in New York City jumped 17 percent to reach $184,220 according to an estimate released by New York State Comptroller.

FLASHBACK FRIDAY: The SEC Raises Stakes in Self-Regulation

In this week's Flashback Friday story, Traders Magazine looks aback to 2005 and the debate as to who the equity market have as a sole or top regulator? And if so, who should it be? The SROs? FINRA? SEC?

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