Commentary

Jared Dillian
Traders Magazine Online News

Was it Worth It?

In this piece from 10th Man, author Jared Dillian discusses how the ETF revolution is less about ETFs and more about indexing; about how people have come to view stocks less as stocks and more as blobs of stocks.

Traders Poll

Would you feel better if the Chicago Stock Exchange were purchased by U.S. firm or consortium rather than a foreign one?




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Past Issues »

May 2014

ALGO UPDATE: ITG Weeds Out HFTs with SLimit

By John D'Antona Jr.

Look out high-frequency traders, there's a new algorithm out designed to filter out trading strategies that could front-run or game buyside traders' orders.

A Trio of Ex-Cowen Execs Open Wrap Trading Business at CAPIS

By John D'Antona Jr.

A trio of ex-Cowen executives, led by Mark Viani, have opened a wrap trading business at independent Dallas-based CAPIS. Coupled with a newly created platform, the three look to grab a piece of the $3.4T business.

FINRA Sets May 12 Date for ATS Reporting

At long last, dark pools will start reporting their trading volumes next month. The Financial Industry Regulatory Authority said that U.S. dark pool operators will have to begin collecting and collating their trading volumes starting May 12.

New Clearing Rules Vex Buyside Firms

With the passage of Dodd-Frank and other regulatory mandates, buyside firms have to focus on the clearing of over-the-counter derivatives. Combined with Dodd-Frank in the U.S. and Basel III and the European Markets Infrastructure Regulation in Europe, the challenges of clearing these trades are more complex than ever.

TMX Set to Launch Private Market Business

TMX Group, operator of several exchanges in Canada, is getting ready to open another exchange to foster trading and capital formation in the shares of private companies.

COMMENTARY: The Flash Hash - The Exaggerations of Michael Lewis

By D. Keith Ross, Jr.

In a guest commentary, PDQ's Keith Ross discusses Michael Lewis' recent book "Flash "Boys" and the whole high-frequency debate.

Tabb Says the Block Trade Problem Can Be Cracked

The buyside wants to trade in blocks. But with over 40 trading venues and algorithms that split up their large orders into smaller ones, the block trade has gone gently into that good night. However, maybe the block trade isn't dead just yet, Tabb said in a new report.

Angry at HFT? Point the Finger at Reg NMS

By Robert Stowsky

Traders columnist Robert Stowsky dissects how Regulation NMS, and its mandate to promote market efficiency and not equality, is at the heart of the ongoing debate surrounding market structure.

BOOK REVIEW: 'Flash Boys' Burns HFT

By Phil Albinus

Traders' reviews the controversial Michael Lewis tome 'Flash Boys' and how it has changed the way Americans think about high-frequency trading—if they even thought about it all—and its impact that may be seen in new regulations.

TECH TUESDAY: BT Netrix Announces Next-Gen TouchScreen Turret for Traders

By John D'Antona Jr.

Traders can now trade at the swipe of a finger or easy touch. BT Netrix has introduced the BT Netrix Hi-Touch, a new touchscreen device, to help traders manage their workflow more easily and efficiently.

Aequitas OK with TSX Private Markets Formation, Looks to Open Senior Exchange

By John D'Antona Jr.

It looks one town is big enough for two of them. That is, there is enough room for two private market exchanges in Canada, according to the chief executive of Aequitas. Also, the exec told Traders it was planning to open a senior company exchange as well.

StockViews Brings Crowdfunding Concept to New Equity Research Platform

By John D'Antona Jr

StockViews launched a service, dubbed the "Research Room", which offers users both institutional and retail, the ability to source and vet research for equity trading.

TECH TUESDAY: ITG's Triton EMS Now Handles Futures Trades

By John D'Antona Jr.

For agency-only broker and technology firm ITG, it's back to the future for its execution management system. The firm's EMS system, Triton, is now capable of executing futures trades for institutional clients.