This paper by Fidessa's Steve Grob looks at high and low touch trading in capital markets and how they are morphing to meet the practical realities of participants today.
Are you ready, financially or otherwise, for the upcoming slew of new regulations and mandates given by the market regulators
- Could use more time
- Could use more money
When Regulation National Market System was established in 2005, George W. Bush was five months into his second term as U.S. President. A lot has changed in 11 years, both in the world at large and in financial markets. So it stands to reason that Reg NMS, the sweeping ruleset that was aimed at modernizing and strengthening equity market structure, has passed its best by date.
In this contributed piece from Andrew Upward of Weeden & Co., the broker analyzes how regulator have gone on record with some new thoughts about how best execution should be pursued in light of new technologies and practices.
For market participants and operators standing on a shore, the Consolidated Audit Trail is like a distant ship on the horizon. Its moving very slowly so slow that sometimes movement is imperceptible. And it has been out there on the water for what seems like a very long time. But as hard as it may be to envision, one of these days, the ship will dock, and all its details will be known.
Commissioner Scott O'Malia of the Commodity Futures Trading Commission (CFTC) is on a mission. He says the process of writing new over-the-counter derivative contract rules needs more transparency. Over the past year he has repeatedly called for more roundtables and public comment on how rules are written. Why is this important? Because these rules, among other things, will determine which OTC derivative contracts must go through a clearing process and which ones can continue to use the old bilateral, dealer-to-dealer model.
FINRA's use of broker data to protect investors is under attack: Are they protecting investors or covering for bad brokers?
More change is coming to the equity trading markets of the Great White North.
It's all but official now - BATS Global Markets and Direct Edge Holdings will become a unified company.
Institutional investors welcome the equities market regulator's probe on broker-dealer order routing methodology.
Understanding the likely form of new rules-like Regulation SCI - is essential for traders and investment firms so they can prepare for their inevitable implementation.