In today's commentary, RegOne's David Weisberger looks back at the "good old days" when there were two exchanges. He said this setup was not necessarily that good and, despite the fear of the unknown, technology and venue competition generally lead to progress.
Traders Magazine Online News
July 7, 2015 – It looks like the potential effects of "unbundling" commissions in Europe for its traders will have a system-wide impact - effecting both the institutional trader and sales trader alike.
July 7, 2015 – The Depository Trust & Clearing Corporation today announced that Jim Turley, co-head of group technology and operations (GTO) for Deutsche Bank, has been elected to its Board of Directors.
July 7, 2015 – Bank of America Merrill Lynch's flagship trading system is now available to Canadian traders who tap Fidessa for their execution needs.
July 7, 2015 – The BRICS group of nations will create a $100 billion pool of foreign-exchange reserves to help each other “in case of any problems with dollar liquidity,” the Russian central bank said in a statement.
July 7, 2015 – Traders who want to execute orders in interlisted stocks are getting an updated piece of technology to trade faster and cheaper.
July 7, 2015 – Technical difficulties forced BATS Global Markets Inc. to halt trading on its second-largest stock exchange for more than 30 minutes on Monday morning.
July 6, 2015 – Sergey Aleynikov, whose travails helped inspire Michael Lewis’s “Flash Boys,” was tried by New York prosecutors who took up the case after a federal conviction unraveled.
July 6, 2015 – One major Asian stock exchange operator is preparing to install volatility bands to help maintain market stability during times of distress.
July 6, 2015 – Swiss bank UBS has reportedly cut a deal to free itself of the growing scandal in Brazil involving currency market rigging.
July 6, 2015 – BTIG has hired a pair of professionals to bolster its growing global portfolio and exchange traded fund (ETF) business. Also, Greenwich brings on a market structure analyst that is familiar to readers of Traders.
July 6, 2015 – Equity managers overseeing more than $3.7 trillion said the game of chicken between Greek Prime Minister Alexis Tsipras and creditors threatens lasting damage to a European stock rally that earlier in 2015 added as much as $2.17 trillion to share prices.
July 6, 2015 – Whatever happened after Greece’s vote, stock investors had time to prepare beforehand.
July 6, 2015 – Hong Kong Exchanges & Clearing Ltd. will reintroduce a daily auction to set closing stock prices and impose temporary price controls to limit extreme share moves.
July 6, 2015 – For international investors accustomed to speed, trading in China’s stock market is like flying blind.
July 2, 2015 – It took them six years, but high-frequency traders have finally secured a perfect way to lower brokerage costs in Japan: cut out the middlemen.