Commentary

Robert Stowsky

Angry at HFT? Point the Finger at Reg NMS

Traders columnist Robert Stowsky dissects how Regulation NMS, and its mandate to promote market efficiency and not equality, is at the heart of the ongoing debate surrounding market structure.

Traders Poll

With all the talk around HFTs and their trading practices coming under the microscope, do you expect more state regulators and officials to begin examining HFT practices - just like with Big Tobacco?

Yes

81%

No

12%

Just Congress and the Federal Goverment

8%

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News

Angry at HFT? Point the Finger at Reg NMS

Traders columnist Robert Stowsky dissects how Regulation NMS, and its mandate to promote market efficiency and not equality, is at the heart of the ongoing debate surrounding market structure.

After "Flash Boys' Are HFT Regulations Next?

High-frequency traders are feeling under siege since the publication of Michael Lewis' "Flash Boys," however, if the industry is waiting for the other shoe to drop, this week it was raining patent leather.

SEC Said to Weigh Shining Light on Broker Role in Routing Stocks

The U.S. Securities and Exchange Commission is weighing a requirement that brokers tell investors exactly where their stock trades go to be executed, a proposal that may address complaints that the decisions are sometimes made against the client’s best interests.

Articles

Demystifying Dodd-Frank

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.

In the CARDS

FINRA's use of broker data to protect investors is under attack: Are they protecting investors or covering for bad brokers?

Structural Changes in Canada

More change is coming to the equity trading markets of the Great White North.

SEC Approves BATS Merger

It's all but official now - BATS Global Markets and Direct Edge Holdings will become a unified company.

Buyside Welcomes FINRA Query

Institutional investors welcome the equities market regulator's probe on broker-dealer order routing methodology.

Beware of New Rules

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.