Is Rule 606 hopelessly outdated and broken? RegOne's Weisberger examines the regulation and whether or not it is outdated and fails to require disclosure of the vast majority of all routing.
Crossing Networks/ATSs Channel
Where can traders pay the cheapest commission rates on their equity trades? And does it matter who a trader is in the pecking order to determine what he pays?
As the MFID II process draws to a close, the European Commission is in danger of forever damaging Europes flow of investment research, the lifeblood of portfolio managers and analysts and the engine of investment performance.
Abel Noser Solutions, a provider of transaction cost analysis data, will provide IEX with models and equity data to better evaluate subscriber performance and execution quality on its venue.
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.