Craig Viani

Lights Out In The Dark: Goodnight Vortex

ConvergEx announced last week that it was euthanizing one of its two dark pools, VortEx. Guest commentator, Craig Viani, one of the dark pool's co-founders, muses about the passing of the ATS.

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In your opinion, who or what is responsible for market crashes, such as on August 24?

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European Buyside Getting Online Equity Research Exchange to Address Unbundling

Buyside traders in Europe who are facing the uncertain future of where to get their alpha generating research and how to pay for it now will have access to central repository.

Pioneer Waits for Regulators to Move on Plan for Paying Brokers

Pioneer Investment Management thinks Europe’s looming ban on bundling together payments for equity research and trading is a great idea. But uncertainty over what will be allowed in the final rules has forced it to stop its efforts to separate the two.

Equity Commissions Unbundling Debate in Europe Could Cost 1.7B Euros Annually

Unbundling commissions in Europe could cost broker-dealers and other research providers 1.7 billion euros in equity commissions annually, if not handled carefully.


Structural Changes in Canada

More change is coming to the equity trading markets of the Great White North.

Omega ATS's New Lynx Venue Opens for Business

Canada's Omega ATS has opened its second trading venue in the Great White North -Lynx ATS. After receiving final approval and making all the tweaks and getting its trading technology in order, the new venue is officially open for business.

PDQ Opens New Institutional Desk

PDQ ATS is looking to get into the institutional trading business and has started an institutional equities group to get the buyside's business and its bigger trades. And it has hired two new ex-exchange pros to help get the new venture going.

The Dark Pool Rises

The dark markets have become so efficient that the costs of execution and market impact are lower than at the display markets, where take fees are highest and market impact is most significant.

Dark Pool Trade Size Down

Traders believe dark pools have entered a "mature phase" and use them to avoid "toxic liquidity" from high-frequency trading firms, but the size of trades in those pools is getting smaller. These are among a few findings from a new report published by market research firm Celent.

Fragmentation Stirs Ire

Industry professionals took the opportunity to gripe about the proliferation of stock exchanges at this year's Security Industry and Financial Markets Association market structure conference.


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