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Commentary

John Turney
Traders Magazine Online News

Foreign Exchange Infrastructure: Yesterday, Today and Tomorrow

In this exclusive to Traders Magazine, John Turney, Global Head of Outsourced FX at Northern Trust, discusses the evolution of the fx infrastructure and what is to come.

Traders Poll

What is your favorite movie about trading?

Wall Street

23%

The Big Short

13%

Margin Call

6%

Equity

0%

Trading Places

38%

The Wolf of Wall Street

8%

Boiler Room

7%

Arbitrage

0%

Too Big to Fail

5%

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Algos Across Asset Classes

Weve seen how alogorithms can help a trader manage risk and execution in the equities market, but today they can also help improve a trader's performance in other asset classes as well. Discover why it's important to ask if your algo is hitting all the available liquidity sources and casting its net wide enough. Watch now. For more information, visit www.bloombergtradebook.com

Q&A

Q: Futures, Options and FX markets exhibit different behavior than stock markets, can an equity algorithm do a good job in a new asset class when its just ported over to that new asset class?

A: Every market has nuances, some markets are quote driven vs order driven and all securities prices reflect many different investment strategies. However the unifying element is that they can be accessed electronically and that there is are bid and offer prices. With this foundation, algorithms can then be modified to intelligently implement a specific strategy in a new market and monitor their own impact.

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About Insight Bites in 60 Seconds

When it comes to stock trading, so much is changing so quickly that it’s difficult to understand and manage all the variables. Whether it’s algorithmic trading, price swings or dark liquidity, The Insight Bites series presents smart and concise snapshots of what a trader can do to address and overcome the most pressing of these challenges. Hosted by Traders Magazine and brought to you by Bloomberg Tradebook, each 60 second animated video provides quick and humorous insight into a unique issue that traders face every day. For more information, visit www.bloombergtradebook.com.