Commentary

Ivy Schmerken
Traders Magazine Online News

Ethical FX via the Global Code

With the release of the FX Global Code for the wholesale foreign exchange market last month, the FX industry is counting on a single set of guidelines to prevent bad behavior in currency trading.

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On The Move: ITG Picks Andrew Larkin to Lead POSIT Alert Coverage Team

Larkin most recently worked at Bloomberg where he served as a Team Leader for the Tradebook product group.

The IEX Stock Exchange Application: What’s Next?

With the SEC going to the added step of formal proceedings to grant or deny the IEX application, it moves from a letter-writing phase focused on philosophical support or opposition, to a fact-finding inquiry on how IEX would impact our National Market System.

LSE Now Offers Asset Managers Liquidity at Lunchtime: Gadfly

The bourse hit the pause button for two minutes, ushering in for the first time an intra-day auction process in which orders are entered but not automatically executed.

The Top Dark Pools of March 2016

What are the dark pools that lead the pack for the first three months of the year? Traders presents the latest figures from FINRA.

Liquidnet Fixed Income Surpasses $1 Billion Traded

Liquidnet’s Fixed Income Dark Pool has community consisting of 155 firms and more than 330 active traders.

IEX Responds to Exchanges' Comment Letters

In a new blog post, IEX responds to its exchange critics on the validity of its recent application to become an exchange and how it has represented itself and its technology.

Buyside Traders Gear Up for More Dark Pool Scrutiny

The buyside trader has had to make due with less in the last few years, except when it comes to regulation. And now, in the wake of several high profile dark pool settlements, it is gearing up for even more regulator scrutiny into these off-board trading venues and how traders use them.

ICE's Sprecher Blasts `Un-American' IEX, Rebutting Critique

The war of words between the New York Stock Exchange and upstart IEX Group Inc., which is seeking approval to become an exchange, continues as Jeffrey Sprecher, chief executive officer of NYSE parent Intercontinental Exchange Inc., called IEX criticisms of its trading systems “absolutely false.”

More Dark Pool Investigations Under Way, Says New York’s Top Cop

Additional actions are likely against private trading venues run by some of Wall Street’s biggest banks, the nation’s top securities regulator and New York state’s attorney general said.

Outlook 2016: A Fine Dark Pool Mess

After regulators dropped hints in 2014 that dark pools were going to be under greater scrutiny, the hammer finally came down.

Barclays, Credit Suisse Agree to Dark Pools Settlements

The two dark pool operators will pay $154.3 million to regulators and justice officials for misleading investors on how they managed their private trading platforms.

A NYSE Speed Bump You Weren’t Aware Of

Don Bollerman, IEX co-founder and head of markets & sales, reveals that so-called "speed bumps" exist inside other prominent stock markets and how certain venues have their own methodology for throttling order flow.

Japan Regulator Fires Warning Shot at HFT With Broker Questions

Japan’s financial watchdog has started examining high-frequency trading, algorithms anddark pools, asking brokers for information about the practices.

J.C. Flowers Set to Acquire Chi-X Australia, Chi-X Japan and Chi-Tech

Chi-X Global Holdings, operator of global market trading centers and owner of Chi-X Australia, Chi-X Japan and Chi-Tech Hong Kong, has decided to sell the aforementioned venues to private investment firm J.C .Flowers.

December 2015 U.S Equity Volume Up 5% at 7.2Bn Shares

The U.S. equity market ended 2015 on a high note, with one consultancy noting that industry volume was up 5% versus November and up on a year-over-year basis.