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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News

Instinet Agrees to Purchase BlockCross ATS from State Street

Instinet Holdings Incorporated today announced that it has entered into a definitive agreement to acquire State Street's BlockCross ATS, an industry leading alternative trading system (ATS).

Despite Opaque Nature, Dark Pools Still Help Buy-Side

Trading in the dark remains a favorite for the buy-side trader seeking liquidity. And using algorithmic trading strategies are a favored arrow in the institutional trader’s quiver.

Cowen to Discontinue Millennium Dark Pool Matching Engine Mid-June

Millennium’s Form ATS has been amended to reflect this change and all subscribers and trading partners have been notified of the pending change. All midpoint matching in the Millennium ATS will end as of June 23, 2017.

Liquidnet Purchases OTAS Technologies in Trading Platform Boost

Block trading venue Liquidnet announced its acquisition of OTAS Technologies – an analytics platform that delivers actionable market intelligence and context directly to institutional traders and portfolio managers.

ITG Set to Offer Conditional Orders for POSIT Alert in Europe

POSIT Alert clients who choose to enable this new unctionality will have the option to interact with sell-side conditional orders, providing the opportunity to execute in the POSIT MTF against block liquidity from participating institutional brokers.

CEO CHAT: Global Liquidity's Lang Says Dark Pools Are “Clean”

In a blog shared with Traders Magazine, Global Liquidity Partners CEO Tim Lang shares his thoughts on the toxicity levels of U.S. dark pools.

CEO CHAT: Omega Securities Debotte Targets 10% Market Share

Sean Debotte, Chief Executive Officer of Canada’s Omega Securities, operator of the Omega and Lynx ATS’, has set his sights high- looking to growth his market share to 10 percent within the next 18 months. Debotte sat down with Traders Magazine recently to explain just how his two venues will achieve this.

ITG Launches POSIT & POSIT Alert for Thailand

Block trading is coming to The Land of Smiles. Thailand marks the 11th country in the Asia Pacific region and the 37th country globally where ITG's POSIT Alert block crossing is now available.

Buy Side Seeks Dark-Pool Reform

The relationship between the buyside trader and the dark pools he trades in can be complicated. Guest editor Rob Daly takes a look at the factors surrounding this relationship and how a 'trade at' rule might help benefit both parties.

Goldman Sachs Hires Nasdaq to Run Its Sigma X Dark Pool

Goldman Sachs Group Inc. hired exchange owner Nasdaq Inc. to run its Sigma X stock-trading system, outsourcing day-to-day operations of its dark pool following an industrywide regulatory crackdown and amid escalating costs.

Canada Welcomes Nasdaq’s New Dark Pool Ahead of Launch

In a move designed to showcase its technological prowess, increase equity market share and cater to the buy-side trader’s dual need for liquidity and anonymity, Nasdaq plans to launch its Canadian dark pool, Nasdaq CXC, on October 31. The pool, which marks the first rollout of Nasdaq’s technology platform in Canada is being met with enthusiasm by rival ATS operators and the buy side.

Citi Launches CitiBLOC Alternative Trading Facility

Bring back the block trade. That sentiment has long been the mantra of the buyside trader, finding large size liquidity while keeping his intentions quiet and achieving best execution. To that end, Citi has rebranded its Liquifi ATS into CitiBLOC, an alternative trading system designed for block execution.

Off Exchange Trading Volume Hits 6 Year High

Equity trading in the private venues has risen to a 6 year high in August, according to data compiled by TABB Forum.

Shining Light on Dark Pools

So-called dark pools are getting less dark. Well, sort of.

Liquidnet Launches Liquidity Tool for Its Fixed Income Dark Pool

“Targeted Invitations” is aimed at select buyside firms that seek out latent market liquidity with anonymity.