Using algos in finance first emerged in cash equities but the changes sweeping through derivatives markets have ignited demand for more intelligent access to futures and options.
Are you excited about the opening of the Chinese equity markets and the Hong Kong-Shanghai trading link?
Nasdaq OMX Group Inc. is betting that the Chinese authorities will let investors buy exchange- traded funds over the new link between Hong Kong and Shanghai.
The race is on to give U.S. exchange-traded fund investors access to $9 trillion of stocks and bonds in mainland China.
Nasdaq is listing Invesco PowerShares' newest new exchange-traded fund.
For years, exchange-traded fund trading volume surged. Now, its slumping too. Nasdaq, NYSE and BATS are now slugging it out with incentives, new order types and a new ETF-focused exchange to resuscitate trading.
The major exchange operators are in pitched battle to win market share and build up volume of trading in exchanged-traded funds.
The Securities and Exchange Commission is set to decide by Dec. 8 whether to approve proposals by the Nasdaq Stock Market and NYSE Arca to permit sponsors of exchange-traded funds to pay broker-dealers for making a market in their securities.
Bank of America Merrill Lynch plans to expand the number of exchange-traded funds traded by its ETF-specific algo. Known as ETF-aXe, the two-year-old algo currently trades 300 ETFs. The new editions could include funds that go beyond just U.S. stocks.
With the current volatility of the equities markets, investors know they need to have exposure to bonds, but they often desire the ease and liquidity of equities, which can be provided by exchange-traded funds. Customers want fixed-income safety and stock convenience, which has driven PIMCO-the don of bonds-into the world of ETFs.