Commentary

Ronald Jordan
Traders Magazine Online News

Understanding Your Data is No Longer Optional

In this contributed article from Global Markets Advisory Group, the advisory discusses the importance of data and how organizations should augment existing skill sets and capabilities to add a data-focused perspective to their operating fabric.

Traders Poll

Do you expect SEC Chairman Jay Clayton to push for regulation in the cryptocurrency issuance and trading markets?

Yes

74%

No

5%

The CFTC will push for regulation

21%

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August 31, 2001

The Biggest Programmers

By Gregory Bresiger

Regulators continue to study program trading as a source of market volatility and as a possible new area for additional regulation.

A new report has cited five firms as the biggest program trading operations on the New York Stock Exchange. They include UBS Warburg, which executed the most program activity as a principal for its own account, according to recent figures from the New York Stock Exchange. Other big programming trading firms included Bear Stearns and Spear Leeds. They executed most of their program trades as an agent for customers.

Goldman Sachs and RBC Dominon, two other big program traders, split their activity between acting as an agent and a principal, according to Big Board officials. Program trading amounted to 27.6 percent of average daily Big Board volume of 1,010 million shares, exchange officials said.