Don Bollerman, IEX co-founder and head of markets & sales, reveals that so-called "speed bumps" exist inside other prominent stock markets and how certain venues have their own methodology for throttling order flow.
In light of the recent difficulties with China's stock market circuit breakers, are U.S. equity market breakers adequate?
- They need further tweaking
- Scrap them and start fresh
Traders Magazine Online News
February 11, 2016 – The chief executive officer of ICAP Plc, which reported a 7 percent drop in revenue from electronic markets, says high-frequency trading firms such as Citadel LLC and Virtu Financial Inc. will help to make up for reduced trading from banks.
February 11, 2016 – TMX Group Ltd. is outperforming its global peers this year as investors see a glimmer of a turnaround at the Canadian exchange operator as it tries to diversify beyond its traditional resource base.
February 11, 2016 – Financial firms will have an additional year to comply with MiFID II, the overhaul of European Union market rules that cover everything from derivatives trading to bond pricing.
February 10, 2016 – ITG Canada just landed a new institutional trader and hedge fund salesman.
February 10, 2016 – The leading measurement of volatility and near-term stock market behavior, the VIX Index, is getting more oversight in its measurement and administration.
February 10, 2016 – JPMorgan CFO Marianne Lake said that the bank expects rate hikes to boost trading volumes in 2016. But after several years of lowered bond revenues, many big banks have tempered their enthusiasm.
February 10, 2016 – President Barack Obama will ask Congress to double funding for the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission over the next five years, bolstering two financial regulators that the White House sees as integral to curbing Wall Street excesses.
February 10, 2016 – Former JPMorgan Chase & Co. executive Achilles Macris was fined 792,900 pounds ($1.1 million) for failing to tell authorities about concerns he had with the bank’s activities in the “London Whale” case.
February 9, 2016 – In today's Traders On the Move, block trading house Liquidnet snagged a pair of veteran traders to assist in its new EQS Group, while a senior EMEA exec departs from bulge broker Credit Suisse. Check this and more, right here and now.
February 9, 2016 – With experience at Morgan Stanley and Citigroup, the new Institutional Salesman joins the bond firm's New York headquarters.
February 9, 2016 – Triad Securities has entered into a clearing agreement with another large firm to bolster its "mini prime" brokerage offering.
February 9, 2016 – In his latest blog, Modern Markets' Bill Harts talks about "latency arbitrage" and how this trading concept shouldn't apply to just one select group of traders.
February 9, 2016 – Oppenheimer Holdings Inc. and Evercore Partners Inc. are cutting stock analysts following a global slump in equity markets.
February 9, 2016 – When Cromwell Coulson heard that an obscure Chinese real estate firm had agreed to buy the Chicago Stock Exchange, he was shocked.
February 9, 2016 – Hong Kong has authorized leveraged and inverse exchange-traded funds in the city, while adding a note of caution to investors.