Commentary

Steve Grob
Traders Magazine Online News

The Periodic Table

Fidessa's Steve Grob has written a response to Marcus Ferber writing to ESMA condemning periodic auctions. The blog strongly criticizes Ferber's approach, and looks at the problems behind the "lit is good and dark is bad" attitude.

Traders Poll

Do you think that NY AG Schneiderman's probe into crypto exchanges will curtail growth and trading?



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April 3, 2008

Big Blocks...Trading a Little at a Time?

By Michael Scotti

At Credit Suisse's AES Equity Derivatives Trading Forum in Miami at the end of February, Rob Maher, who heads AES sales in Europe, made the case in a presentation that trading lots of small orders algorithmically is often more efficient and cheaper than going the traditional block route. However, not all block traders have caught on. Maher offered a summary of buyside traders' common complaints regarding block trading.

Top Five Trader Comments:

> How can I avoid "every trader's nightmare" and ensure that I don't miss a big print?

> I want to trade with like-minded institutions.

> I want to avoid all these annoying little prints, want to avoid the noise.

> I want to get back to trading blocks the way we used to.

> These (expletive, expletive, expletive) algorithm guys have ruined the market!!!

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