Exchanges and ECNs Channel

BATS Gets SEC Approval for Liquidity Provider Program

BATS Global Markets announced today it has received approval from the Securities and Exchange Commission to implement its new Competitive Liquidity Provider -CLP- program.

FSOC Tackles Market Structure

Trading desks are starting to get visits from Washington's new super regulator: the Financial Stability Oversight Council. Formed in 2010 by the Dodd-Frank Act, FSOC is an inter-agency regulatory body chaired by the U.S. Treasury and charged with identifying risks in the U.S. financial system.

BATS January Equities Market Share Flat, But Options Rise

BATS Global Markets reported its U.S. equities matched market share totaled 11.1 percent in January, virtually unchanged from 11.2 percent in December, but up from 10.4 percent a year ago. The exchange operator saw an average daily matched volume of 766.6 million shares.

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Instinet Adds Broker Vote

Instinet has added a broker vote application to its commission management system, allowing the buyside to track how much it pays research providers for their services.

On The Move

Here are recent hires and promotions in the equities trading world as Wall Street pros make that move, right now.

SEC Quashes Nasdaq Proposal

Nasdaq OMX, on the verge of creating a stock exchange for small companies, was dealt a setback by the Securities and Exchange Commission over a plan to ask issuers to pay market makers for quoting.

Nasdaq Gets Into Machine-Readable News

Nasdaq OMX acquired machine-readable news company RapiData, getting Nasdaq into the business of providing trading firms with the latest government and economic news.

This Year

What's in store for the trading business in 2012? First off, the Securities and Exchange Commission is in the process of writing the Volcker rule. The ability to quote in subpennies is another issue that could come to fruition this year. Also, the cover story on transaction-cost analysis or TCA looks at how this old hand is maturing into something meaningful for traders.

Keeping Pace

In 2011, electronic trading and fragmentation drove the Canadian equities market into the 21st century-at least by U.S. standards. As a result, regulators will take center stage in the coming year to ensure the Great White North's markets stay accessible, secure and true to the Canadian spirit.

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Articles from this Site

• BATS Gets SEC Approval for Liquidity Provider Program
• FSOC Tackles Market Structure
• BATS January Equities Market Share Flat, But Options Rise
• With Merger Off, NYSE Resumes Buybacks
• Buyside Group Shoots For Greater Transparency
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