Traders Magazine Online News

The Tax With Nine Lives Appears Dead

The proposed 0.25 percent securities transaction tax is dead in Congress--at least for now.

Portfolio Turnover Up During Crisis

Portfolio turnover rose sharply during the 2007-2009 financial crisis, a new study reports.

Industry Pushes For Faster Risk Checks In A Post-Naked Access World

With the Securities and Exchange Commission expected to soon ban the practice of "naked access," vendors, exchanges and brokers are scrambling to speed up their risk management technology.

Review: Working Through the Ups and Downs of Trading

Traders shouldn't ask themselves how to succeed. Before the hows, they should ask why they are in trading. That's one of the themes of this interesting, slender self-help book for traders entitled, "8 Ways to Great: Peak Performance on the Job and in Your Life."

Study Sees Block Orders Getting Picked Off

Fleet-footed traders using sophisticated software and high-frequency strategies are sniffing out block orders and running ahead of them in the marketplace, according to a recent study by Quantitative Services Group.

Timing is Everything

In "Diary of a Hedge Fund Manager," author Keith McCullough covers a time in Wall Street history that still staggers the mind, a period when the U.S. went from one era of excess to another--from the Internet to the housing bubble.

New Order Type Tars Options Exchanges' Images

Intermarket sweep orders (ISOs) are giving some options exchanges a black eye.

Commentary: U.S. Wins Gold ... In Short Sale Restrictions

The SEC was under pressure from critics who cited the fact that no short sales price test had been implemented as proof that no meaningful reform would result from the financial crisis. However, the SEC's adoption of the alternative uptick rule has almost nothing to do with financial services reform.

The Art of Sub-Penny Trading

A Securities and Exchange Commission idea to bring more trading to the displayed markets goes too far for some trading officials and not far enough for others.

People Moves

Rory O'Kane joins Knight Equity Markets in Chicago as a director of broker-dealer sales for options. O'Kane, a 27-year veteran, was previously a managing director and president of TD Professional Execution. Other moves include:

The Return of the Big Print

Block trading has rebounded from the dark days of 2008, when the stock market crashed.

Madoff's Director of Operations Arrested

The director of operations for Bernard L. Madoff Investment Securities was arrested Thursday morning for his role in defrauding investors out of tens billions of dollars in wealth.

Nasdaq Frets Over Internalization

Nasdaq OMX has found evidence that too much internalization harms the quality of trades executed in the public markets, according to an unfinished study by the exchange operator.

Commentary: Reflections on the Equity Markets Concept Release

Last month, the SEC issued its anxiously-awaited concept release on equity market structure. Concept releases are not rule proposals. So, they sometimes receive little attention, causing the SEC to literally beg for comments. The SEC will not need to beg for comments here.

Baird Expands Electronic Trading With Fox River Algos

The driving force behind Robert W. Baird & Co. and Fox River Execution's partnership was simple: They needed each other.

Articles from this Site

• Industry Pushes For Faster Risk Checks In A Post-Naked Access World
• New Order Type Tars Options Exchanges' Images
• Commentary: Rest in Peace
• Commentary: The Changing Role of the Broker-Dealer in an Electronic Universe
• Commentary: Do High-Frequency Traders Add Value to the Market?
• More Articles from this Site