Commentary

Ivy Schmerken
Traders Magazine Online News

Ethical FX via the Global Code

With the release of the FX Global Code for the wholesale foreign exchange market last month, the FX industry is counting on a single set of guidelines to prevent bad behavior in currency trading.

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Do you think the market regulators are doing enough to help improve the equity market structure?

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They should leave things alone

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ON THE MOVE: Citadel Snags Harold While BlackRock’s Stattman Retires

In this week's On the move, Citadel is once again hiring as is Barclays. Several other notable changes include the head of BlackRock's largest mutual fund retiring and a senior departure at HSBC.

Traders Gather for Golf, Guinness and Oysters

The Golf, Guinness and Oyster Gathering (GGOG) event kicks off in New York on June 27th with proceeds go to aid The Iveagh Trust, an organization that has been providing housing for Dubliners in need for over 120 years.

ON THE MOVE: Citi Snags Brill; SSGA Lands Sales Head

In this week's On The Move, changes at the brokers highlight the week while IEX names a new board member. also, KeyBanc hires a dynamic duo for its high-yield team.

Wall Street Rides FAR Kickoff Cocktail Party Set for June 21

This year, the annual Wall Street Rides FAR charity bicycle ride that raises awareness of Autism is set to kickoff this Wednesday night with cocktails at the Rare View in Chelsea, New York City. Come out and support a great cause.

Nominations Open for Markets Media Group Women in Finance Awards

Markets Media Group, publishers of Traders Magazine, have officially opened this year’s nomination process for the third annual Markets Choice Awards: Women in Finance. The event kicks off Markets Media Week on November 7, 2017. Nominate the women of your choice now!

ON THE MOVE: Citadel Makes Another Senior Hire; KeyBanc Grabs 6 for Equities

In this week's On The Move, a bevy of changes at the brokers including one firm snagging six for its sales and trading unit. Also, changes at the DTCC and Citadel lands another top executive.

SEC Names Avakian and Peikin as Co-Directors of Enforcement

Acting Director of the Division of Enforcement Stephanie Avakian and former federal prosecutor Steven Peikin have been named Co-Directors of the SEC’s Division of Enforcement.

ON THE MOVE: Citadel, Citi, Goldman Land New Execution Heads

In this week's On The Move, several sell-side firms have landed new execution heads in both the Americas and across the Pond. Also, see the changes at BTIG and one exchange executive who has offered his resignation papers.

Mecane Joins Citadel Securities as Head of Execution Services

Citadel Securities announced today that Joe Mecane is joining the firm as Head of Execution Services.

Eric Noll to Return to Wall Street – Soon

In an exclusive conversation with Traders Magazine, Eric Noll spoke of how he planned to return to the Wall Street equities market landscape in the not too distant future.

Fed's Brainard Says Soft Inflation May Warrant Rate Rethink

Soft inflation could cause Lael Brainard to reassess the path forward for monetary policy should it linger, even as the global economic outlook brightens and U.S. growth looks poised to rebound.

ON THE MOVE: SEC, CAT and ISDA Hire Pros; Noll and Smith Depart

In this week's On The Move, there were several high-profile departures including one former HFT veteran who wanted to pursue "other fun" while others are expected to join new firms. Also, there was activity at the SEC and ISDA this week.

OTC Exchange Network Joins the FIX Trading Community

OTC Exchange Network ("OTCXN"), an institutional trading network and infrastructure provider utilizing blockchain technologies, is now a member of the FIX Trading Community

FLASHBACK FRIDAY: A Tax Cut For Traders

Do you remember when trading cost $39 per one hundred million to fund the Securities and Exchange Commission? Take a look back in 2004 at the first so-called tax cut for traders designed to boost not only trading volumes but a regulator’s budget.

FLASHBACK FRIDAY GALLERY: Chicago 74th Annual Mid-Winter Meeting

The year was 2000 and we all survived the Millennium Bug, the State of Vermont passes HB847, legalizing Civil Unions for same-sex couples and a postage stamp cost.33 cents. Check out the scenes from the 74th annual Chicago STA Mid Winter Conference.