Technology now comprises a big part of today's trading landscape, perhaps most of it. Beyond just automating what used be to manual tasks, technology has encroached well into the "thinking"; parts of a trader's job. The key question for firms is where to draw the line. How much of the human touch should they outsource to machines?
Exchanges and ECNs Channel
Japan plans to tighten regulations on high-frequency trading (HFT), whose growing presence in the Tokyo Stock Exchange has raised concerns such trades could destabilize the market and put retail investors at a disadvantage
The market capitalization of emerging market exchanges has more than doubled over the past 15 years but the growth in liquidity has not kept pace according to the World Federation of Exchanges.
In a move designed to showcase its technological prowess, increase equity market share and cater to the buy-side traders 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 Nasdaqs technology platform in Canada is being met with enthusiasm by rival ATS operators and the buy side.
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.