In a conversation with Traders Magazine, Colt Technology Services' Julie Hutchinson discussed the widespread ramifications of MiFID II on European securities trading. She also said that while only a Euro-centric regulation, US firms should take heed and prepare - soon.
More News - Options
Interactive Brokers Group announced that it was getting out of the options market making business.
Nasdaq, whose purchase of International Securities Exchange eight months ago increased its share in U.S. options to about 40%, is working to expand what has been a largely stagnant market over the past few years.
If it is research that drives the equity trading bus, then its volatility that propels options trading. And the hope for 2017 is for sustained levels of volatility, which should goose trading volumes higher, according to Tabb Group.
The platform will provide surveillance capabilities for Convergex Global Equities and Options businesses.
Exchange operator MIAX has launched MIAX PEARL, which began formal operations on Monday. This successful launch brings the total number of U.S. options markets to fifteen.
Traders who route and use complex orders are going to be able to use Wolverines Best X algorithm for options now. And if that isnt enough, the firm is also announcing two brand new FIX- protocol based options algorithms too.
Chicago Board Options Exchange (CBOE) announced that its historical market data service formerly operated by Market Data Express (MDX) has migrated to CBOE Livevol Data Shop on January 6.
Dash Financial is expanding it options business by acquiring Convergex's LiquidPoint options business. The expansion is being assisted by private equity firm GTCR, which owns a controlling interest in Convergex.
Time is short for the US options industry to address its nuanced market-structure with the US Securities and Exchange Commission, according to industry participants.
Agency-based broker Convergex announced that it has entered into an agreement granting it an exclusive license to The OptionEyes, a front-end technology platform that helps active traders manage and trade positions in an options or equity portfolio.
Some major trends in the options market have been the same for a number of years. Flat volumes. Marketplace fragmentation. A bifurcation of liquidity. But at least one noteworthy development is of a more recent vintage: auctions.
Options trading volume fell precipitously in July - see just how much and why, according to the latest Tabb report.
Bats Global Markets expects to spend the remainder of 2016 focused on its U.S. options and global foreign-exchange operations, according to CEO Chris Concannon.
US listed options volume dropped on a quarterly basis despite a climbing in June to its highest levels in 10 months after a stock market swoon on the heels of the United Kingdoms decision to leave the European Union.
Bats Global Markets wants brokers to start snitching on their peers when they suspect market manipulation. Through a new initiative it likens to a neighborhood watch, Bats will encourage brokers to report suspicious price quoting and trading in its U.S. equities and options markets.