Once the fight for new regulations settled down, an unintended victor has emerged: the data and data systems used by today's traders.
According to a recent study, the sellside has outrun the buyside in the technology arms race. Do you agree?
Virtu Financial Inc., the automated trader that recently released plans for selling stock, said U.S. derivatives regulators are looking into its trading practices.
The scandal-plagued fund returned almost all investor money at the end of January, leaving it to manage the private wealth of namesake Stephen Cohen, estimated at $8.7 billion.
The U.S. Securities and Exchange Commission is investigating whether currency traders at the worlds biggest banks distorted prices for options and exchange- traded funds by rigging benchmark foreign-exchange rates, according to two people with knowledge of the matter.
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.
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.
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.
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