Using algos in finance first emerged in cash equities but the changes sweeping through derivatives markets have ignited demand for more intelligent access to futures and options.
Are you excited about the opening of the Chinese equity markets and the Hong Kong-Shanghai trading link?
Like in the U.S., the growth in low-touch trading in Europe isn't helping equity commission growth. As a matter of fact, equity commissions in 2014 will be down versus 2013.
New York is extending its lead over London as the worlds most important financial center as the City reels under a string of scandals and question marks over the U.K.s continued membership of the European Union.
Industry-wide U.S. equity volume increased 29 percent on a month-over-month basis to its highest average daily volume (ADV) rate since October 2011, Tabb Group reported in its most recent report.
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.
Fresh-faced yet experienced graduates are entering investment firms in strong numbers. Traders looks at this crop of bright young things and the new skills and placing new demands on the buyside.
Some unintended consequences from the credit crisis of 2008 and the regulations that followed have come to light. Also, buyside firms are gathering their traders to rate the research and execution services from the sellside in relentlessly thorough scoring sessions.
High-frequency traders and supporters claim that HFT is helpful to the equity market. The data presents a starkly different story.
Once the fight for new regulations settled down, an unintended victor has emerged: the data and data systems used by today's traders.
Over the past year, the liquidity in emerging currencies grew in fits and starts quarter to quarter. Traders asked FX veterans for their outlook on the next 12 months.