In this research from the University of California, Berkeley, academics examine just how timestamps can determine the fairness of trading in the equities markets.
Exchanges and ECNs Channel
IEX, the newest U.S. equity exchange, has set up its own regulatory framework and hired staff to oversee surveillance efforts.
For one, it doesn't make sense to categorize a firm as an "HFT firm", writes Cameron Smith of Quantlab Financial. Also, HFT holding periods aren't as short as commonly perceived.
TMX Insights announced TMX Analytics Product Suite has a full offering of tools and applications for the global foreign exchange market. The addition of FX capabilities is an important new offering as we continue to look for ways to increase the depth of value we bring to our clients, said Eric Sinclair, President, TMX Market Insights.
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 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.
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 is on the precipice of changing the way some of its biggest customers trade on the bourse.
It's all but official now - BATS Global Markets and Direct Edge Holdings will become a unified company.
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.