Commentary

Ivy Schmerken
Traders Magazine Online News

MiFID II Transparency Puts Stress on Data Architecture

Buy-side firms are facing huge changes in disclosure and transparency requirements, which could upend their data management architectures, according to this guest commentary from FlexTrade.

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Past Issues »

November 2015

How Ethanol Prop Traders Vectra Capital Navigates Volatility

By Phil Albinus

Riding the energy wave, there is plenty of opportunity in recent market surges and dips.

TRADERS ON THE MOVE: ITG Lands JP Morgan's Troise, Other Senior Execs

By John D'Antona Jr.

In today's On the Move, ITG makes a few power moves and deals a major blow to JPMorgan's electronic equities trading desk by luring one of its top and longest serving executives to head up its operations. the firm also landed other top talent and a local NJ-based firm grabbed a new sales pro.

ALGO UPDATE: Aqua to Dives Into Dark Water for Blocks

By John D'Antona Jr.

Looking for that elusive block trade but want to go through a bulge bracket broker? Then J.P. Morgan might have something for the buyside - a new algorithm designed to seek out blocks of stock and get a large order done.

Augmenting Liquidity to Temper Volatility

By Robert A. Schwartz

Equity investors and traders, along with regulators in the U.S. and Europe, are acutely concerned about our equity markets suffering from insufficient liquidity. Where can more liquidity be found?

Scenes From The STA Market Structure Conference 2015

By Phil Albinus

A gallery of images from the speeches, interviews and panel sessions of the 82nd Annual Market Structure Conference of the Security Traders Association.

Scenes from Wall Street Rides FAR - Part 1

By Phil Albinus

Brokers, traders and other financial services pros suited up for a good cause. The inaugural Wall Street Rides For Autism Research charity bike-a-thon was held at Manhattanville College just north of New York City and Traders has the pics.

Traders Q&A: Eyewitness at the Trading Revolutions - Part 1

By Phil Albinus

Traders speaks with Marc Orenstein, formerly of Bear Stearns and J.P. Morgan, for his take on the early days of electronic trading, the rise of ECNs and what he misses about the trading desk. This is Part 1 of our interview.

Traders Q&A: Eyewitness at the Trading Revolutions - Part 2

By Phil Albinus

What was it like when floor traders saw the move to electronic trading back in 1999? Marc Orenstein, a former traders for Bear Stearns and JPMorgan, tells us Part 2 of our Traders Q&A.

Nasdaq Announces Inaugural Clients for Initial Blockchain-Enabled Platform 'Nasdaq Linq'

By John D'Antona Jr.

Nasdaq is getting ready to launch its Linq trading platform using Blockchain technology - and has named the first companies that are going to use the trading system.

IEX'S Katsuyama Pegs Exchange Launch Date in Q1 2016

By John D'Antona Jr.

And the countdown has started in earnest towards full-fledged exchange status at buyside-sponsored trading venue IEX. According to memo sent to its clients and shared with Traders, chief executive officer Brad Katsuyama said the venue planned to begin operation as a full-fledged exchange in late Q1 2016.

NYSE Considering Lengthening DMM Time to Address Order Imbalances

By John D'Antona Jr.

The New York Stock Exchange is mulling the idea of extending the time designated market makers (DMMs) have to address market order imbalances in times of high market stress.

Wall Street Horizon Offers Traders the Whole Enchilada When it Comes to Corporate Data

By John D'Antona Jr.

Wall Street Horizon is rolling out a new service designed to provide the buyside with its most comprehensive forward-looking and historical equities data - the whole Enchilada.

S3 Launches Upgraded Rule 605/606 Reporting Software and Includes Reg SHO Function

By John D'Antona Jr.

Software vendor S3 just announced its newest iteration of its regulatory reporting software which not only provides both the buy- and sell-side with enhanced Rule 605 and 606 reporting, but now offers reporting capabilities for Rule 611 and RegSHO.

Return to Sub-Penny Pricing?

By Rob Daly

Investors and exchange operators would see narrower bid-ask spreads, shorter order queues and higher on-exchange market share if the tick pilot is approved.

Liquidnet Launches Algorithm Ranking System

By John D'Antona Jr.

How does a broker or buysider know which one is best for his needs? Liquidnet is about to help. The block trading venue now is offering traders a new system that ranks the performance of algorithms.

Walls Between High- and Low-Touch Traders Begin to Crumble

By John D'Antona Jr.

After years of using a separate and siloed approach to its trading high- and low-touch trading desks, it appears that the brokers are starting to meld the two desks into a single or one-touch trading desk.

TMX Group Launches New TSX Alpha Exchange

By John D'Antona Jr.

TMX Group, operator of multiple Canadian equities marketplaces, has launched a new trading model of the TSX Alpha Exchange.