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%

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5%

The CFTC will push for regulation

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July 15, 2007

Desk Analysts Add Value At Merrill

By Peter Chapman

Moving analysts to the trading desk has proved beneficial at Merrill Lynch.

According to Michael Bird, Merrill's executive in charge of commission management for the Americas, the decision to place some of its securities analysts on the trading desk has been helpful for both clients and traders.

The program has been "quite successful," Bird told attendees at a conference put on by AQ Research and Integrity Research Associates.

"It means being able to make short-term objective opinions on the trading desk," Bird noted, "and also educate traders [about] how news may be relevant to other stocks within the same industry."

In the past couple of years, a few of the bigger houses have been putting publishing analysts on their trading desks to interact with their hedge fund customers who may trade with shorter-term horizons than traditional money managers.

"It shortens the time from when news hits the tape to dissemination of the effects of that to our clients," Bird added. "Part of our challenge today is in trying to get out real-time intelligence about how one news announcement affects not just that stock but entire industry groups."