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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Demystifying Algorithmic Trading in the Forex World

After decades of being used to trade equities and equity derivatives, and as institutional money managers move away from equities and into new asset classes such as forex, can algorithmic trading strategies be as thoroughly incorporated?

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: BNP’s Wikström Talks AI, Alt Data and TCA

In an interview with Traders Magazine, Petra Wikström, Global Head of FX Execution & Alpha Solutions, BNP Paribas shared her thoughts on the buy-side’s focus on AI, alt data and TCA.

Articles

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.