Tom Doris

Managing the HFT Flood

Buyside firms need to leverage technology to stop writing checks to HFT firms with clients's money.

Traders Poll

The SEC has approved a test plan allowing the quoting of small-cap stocks in increments larger than one tick. Do you think the pilot program will be successful in boosting the trading of small-cap stocks?


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Traders Magazine Online News

Six Takeaways from the WSJ Article on NYSE

– Strange things are afoot at the New York Stock Exchange thanks to its new owners at ICE. Traders picked the parts of the story you need to know now.

Taiwan and London Stock Exchanges Meet to Promote Trading

– The executives of the Taiwan and London Stock Exchanges met face-to-face on Monday to discuss opening up their respective markets to the other in order to bolster equity trading opportunities.

The STANY Outing of 2014 - A Gallery

– Scenes from the July 28th STANY Golf Outing 2014 at the Canoe Brook Country Club at Summit, NJ.

Former House Leader Cantor Joins Moelis & Co.

– Former U.S. House of Representatives majority leader Eric Cantor (R- Va.) has joined investment banking firm Moelis & Co. as a vice-chairman and board member.

TRADERS ON THE MOVE: REDI Hires New EMEA Sales Head, CFTC Appoints New Secretary

– REDI Technologies has hired Mike Lax as its new head of EMEA sales, the Commodity Futures Trading Commission appointed Christopher Kirkpatrick as its secretary and the Chicago Board Options Exchange added several staffers to its ranks.

Allston Accused by HFT Rival of Manipulating Prices on CME

– High-frequency trading firm Allston Trading LLC was accused by a competitor of manipulating prices on CME Group Inc.’s exchange, three people with knowledge of the proceeding said.

Hacker Attack on Banks Shows Need to Lock Down Employee PCs

– A large cybertheft against JPMorgan Chase and other big New York banks is said to have started with a break-in on an employee’s computer at home. It serves as a reminder that big problems can start in small places and that banks need to take more steps to minimize the damage from hacker attacks.

Bet You Didn't Know CME Runs a Trading Unit on Its Own Exchange

– While CME Group Inc. makes most of its money charging the people who use its markets, the world’s biggest futures exchange captures a sliver of sales with a little-known group that trades directly with those customers.

Hens Inside the Fox Den: HFT Lobby 101

– Former regulators are joining the lobbying firms that once monitored the market.

Buyside Wants More Algo Transparency, Better Look at Data

– David Margulies, head of the electronic products group at agency-only broker Weeden & Co., in an exclusive conversation with Traders said that the buyside wants to know more about how algorithms work and their routing logic. The increased demand for information centers on the depth of information the buyside wants from its brokers - moving from the basic details to more complex questions about coding and logic methodology. And the buyside wants it faster than ever before.

Goldman Sachs Cedes NYSE Post as Speed Traders Seize Stock Floor

– IMC Chicago LLC, just finished its takeover of Goldman Sachs Group Inc.’s NYSE unit, giving it rights to manage buying and selling of dozens of stocks including prominent ones like International Business Machines Corp., Verizon Communications Inc. and Visa Inc.

SEC Shelves Plan for Disclosures on Private Asset-Backed Bonds

– The U.S. Securities and Exchange Commission, while expanding disclosure requirements for one set of asset-backed securities, has stepped back from a plan to shed more light on a major part of the market.

Foreign Trades Find a New Home

– In an OTC market striving for transparency, trading flourishes in foreign shares.

BondHawk Systems Unveils Fixed Income Trading Kit

– The new fixed income trading platform features an a la carte pricing model to cut TCO by 40 percent.

NYSE Promotes Arca Chief Adcock Amid Broader Management Changes

– NYSE Group Inc. promoted Paul Adcock, who helped pioneer electronic equity trading in the 1990s, to oversee day-to-day operations of its U.S. stock exchanges, according to people familiar with the matter.

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