As dark pools move into the regulatory light, the real money is in aggregation, not in equity fragmentation.
Chicago-based agency broker Wolverine Execution announced the launch of WEX Vega Trader, a new trading applet that allows users to specify a target amount of vega to execute across a range of option expirations and strikes.
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.
The North American Derivatives Exchange announced the launch of 20-minute binary options contracts earlier this week.
The Chicago Board of Options Exchange has set an April 10 date for the trading of options with a weekly expiration date.
Warburg Pincus is acquiring asset manager Source with eyes for more growth down the road in the ETF market space.
While no one expects swaps futures to take over the OTC swaps market, a movement of 5 percent of the massive OTC swaps volume would be a huge win for futures market.
The term "big data" has been around for some time, but questions remain exactly how hedge funds and other buysiders exploit the vast stores of data that has never been available to them in the past, which continue to grow each day.
With 17 newly minted swaps execution facilities now live, and looming regulatory deadlines that will push more trading to SEFs, 2014 is expected to be the year the industry redesigned by the Dodd-Frank Act begins to really take shape.
Leveraging the popularity of its CBOE Volatility Index (VIX), the Chicago Board Options Exchange closed 2013 with a spate of activity that has included introducing several new volatility products and expanding its trading hours to accommodate European trading.