Commentary

Michael Levas

Are Untraditional Correction Corrections the New Norm?

Many hedge fund managers have been awaiting the elusive traditional correction of 10 percent. It has been a record number of days since such an event has occurred, which has frustrated both market Bears, who want to profit from such a sell-off, and Bulls, who are awaiting a better entry point.

Traders Poll

With all the talk around HFTs and their trading practices coming under the microscope, do you expect more state regulators and officials to begin examining HFT practices - just like with Big Tobacco?

Yes

81%

No

12%

Just Congress and the Federal Goverment

8%

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Exchanges and ECNs Channel

News

NYSE Owner Said to Buy Algo Technologies to Modernize Exchange

IntercontinentalExchange Group Inc., owner of the NYSE, has purchased Algo Technologies in a move designed to modernize the U.S.'s oldest bourse.

Nasdaq CEO Says Michael Lewis Comments on HFT ‘Irresponsible’

Michael Lewis’s argument that the $23 trillion U.S. stock market is rigged in favor of speed traders is careless, according to Nasdaq OMX Group Inc. Chief Executive Officer Robert Greifeld.

Fidelity Studies New U.S. Stock Venue With Other Investors

Fidelity Investments, the second- largest mutual fund company, is exploring the creation of a U.S. stock trading venue along with other investors to address perceived flaws in the $23 trillion U.S. equity market.

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.