Commentary

David Weisberger
Traders Magazine Online News

Are Speed-Bumps, Market Structure's "Back to the Future?"

Guest commentator David Weisberger examines the validity of the latest iteration of the speed bump as put forth by CHX and wonders if it is a step backwards.

Traders Poll

Are you reducing your research commission spend based on MiFID II requirements?

Yes

75%

No

0%

My spend is unchanged

17%

MiFID II had nothing to do with spend changes

8%

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Traders Magazine Online News

Trouble at Tradebook?

– Could the handwriting be on the wall for Bloomberg Tradebook? Two high profile departures plus a shrinking commission pool might prove too much for the institutional agency broker.


FX Trading in Asia Pacific: Q&A With Vinay Trivedi (Part 1)

– Vinay Trivedi, Senior Vice President, Strategic Initiatives & Head of FX Sales, APAC at FlexTrade Systems, discusses trends in FX markets and trading technology, specifically how the buy side is using aggregation tools and algorithmic trading through the execution management system (EMS) to seek the best price in Asian currency markets.


DTCC’S LEI Service, GMEI, Continues to Prepare for MIFID II

– DTCC's utility system issues more LEIS in ramp up to MiFID II.


ON THE MOVE: BTIG Hires Debt Pro; Nybo Departs Tabb

– In this week's On The Move, Tabb's Andy Nybo departs for greener pastures at ICAP while BTIG continues it debt group buildout by hiring yet another veteran. Also, one former CBOE exec is forming his own firm and Standard Life hires, plus more.


SEC’s Piwowar Wants Exchange Fee Pilot Enacted

– The exchanges might be losing or seeing a critical source of revenue trimmed, if the Securities and Exchange Commission’s acting head has something to say about it.


When was the last “Air Raid”? (Or: Why wait to eliminate the Order Protection Rule?)

– David Weisberger of Exquam looks at the history of how the Order Protection Rule came to be a part of Regulation NMS and why he feels it's time to eliminate it.


Baymarkets Launches Clarity Platform for RegTech Solution Delivery

– Baymarkets announced its new Clarity system - a platform for agile development of client specific solutions aimed at institutions active in the Financial Markets, such as banks, brokers, exchanges & trading venues and clearing houses.


TRADING THE WEEK: Risk Reversal Trade Segues to Month End

– In our weekly recap and outlook, the markets experienced a change in sentiment – which could be a prelude to fast approaching month-end trading patterns.


Hedge Funds Get New Benchmark Indexes from BRI Partners

– BRI Partners announced that it has launched the next generation of hedge fund indexes beginning with the BRI Long/Short Equity Index (BRILSE), calculated by Wilshire Associates.


Deutsche Bank Opens Technology Innovation Lab in New York City

– Deutsche Bank has opened an innovation lab in New York City, its fourth globally. It will explore new technologies focused on several areas, including artificial intelligence, cloud technology and cyber security.


CFTC to Restructure

– A day after the White House nominated him as a Chairman of the Commodity Futures Trading Commission, acting Chair Christopher Giancarlo laid out his plan to restructure and right-size the derivatives market regulator in a speech before the Futures Industry Association's annual conference in Boca Raton.


AI Takes on Research

– Although MiFID II's research unbundling mandate will end the longstanding research relationship between the buy and sell-side, it has sown the seeds for the next wave of research generation.


CBOE Sells Livevol X Trade Execution Platform to Sterling Trading Tech

– Sterling Trading Tech announced the acquisition of Livevol X, a trade execution platform for U.S. equities and options, from CBOE Livevol, a subsidiary of CBOE Holdings, Inc.


CEO CHAT: Global Liquidity's Lang Says Dark Pools Are “Clean”

– In a blog shared with Traders Magazine, Global Liquidity Partners CEO Tim Lang shares his thoughts on the toxicity levels of U.S. dark pools.


InvestCloud Launches Emerald for Robos and Hybrid Wealth Managers

– InvestCloud has released Emerald, a new solution for Robo-Advisors and hybrid wealth managers that empowers them with an end-to-end solution for portfolio management, trading, accounting, payments and fee management.