Commentary

Larry Tabb

TABB Group CEO Writes Levin, Disagrees on Ban of Payment for Order Flow

Larry Tabb, founder of TABB Group responded to U.S. Senator Carl Levin, chairman of the Permanent Subcommittee on Investigations, disagreeing with conclusions Levin shared in his July 15th letter to SEC Chair Mary Jo White, asking that she ban payment for order flow.

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Boston Fed President Rosengren said broker regulation needs a “major re-examination” to prevent funding shortfalls during a crisis. Do you agree?

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Exchanges and ECNs Channel

News

Credit Suisse Reports Off-Exchange Trading at 36.5 Percent in August, Still on the Rise

Credit Suisse's Trading Strategy Group reported that in August off-exchange trading hit a monthly average of 36.45 percent in August (month-to-date). In July that figure was 37.16 percent.

Exegy, TMX and FIF Launch Real-Time Message Data Service

Exegy, TMX Datalinx and the Financial Information Forum (FIF) announced today the launch of the first Canadian website to track real-time market data messaging rate.

JOBS Act Rewards U.S. Stock Exchanges With IPOs Amid Criticism

The Jumpstart Our Business Startups Act has spurred 25 percent more U.S. initial public offerings annually, according to a research paper by economists at Penn State University and the State University of New York at Buffalo. That generates listing fees for the New York Stock Exchange and Nasdaq Stock Market, a rare bright spot for the industry amid allegations that trading venues favor some customers versus others.

Articles

NYSE, Nasdaq Push for "Trade At" Rule

The two biggest exchange rivals are joining forces to push through a rule designed to curb trading that occurs off-board away from the public eye, according to a report in the Wall Street Journal.

OTC Markets Provides Data to REDI

OTC Markets is now providing REDI Technologies with real-time Level 1 and Level 2 NBBO trading data for distribution to the latter's buyside and sellside clients.

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.

Nasdaq to Cut Costs

Nasdaq is on the precipice of changing the way some of its biggest customers trade on the bourse.

SEC Approves BATS Merger

It's all but official now - BATS Global Markets and Direct Edge Holdings will become a unified company.

ICE Trade Vault: 4.5M

IntercontinentalExchange Group's Trade Vault Europe, its European trade repository, processed roughly 4.5 million trades across energy, agricultural commodities, metals, credit, interest rates and equity derivatives its first day.

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