Market volatility brought on by the UKs historic Brexit vote is no excuse to disengage from portfolio planning, argues David Lafferty of Natixis Global Asset Management.
When properly constructed, market microstructure analytics provide an enhanced version of Transaction Cost Analysis offering insight into execution quality.
M&A banker 326,000-pound average pay is 16% more than traders - Biggest European banks retooling to focus more on deal-making.
ITG sold the unit for a reported $12 million - far less than the $20 million fine it paid for the activities of its illegal trading desk.
More change is coming to the equity trading markets of the Great White North.
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 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 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.
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.
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.