Buyside firms need to leverage technology to stop writing checks to HFT firms with clients's money.
Traders Magazine Online News
September 2, 2014 – 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.
September 2, 2014 – 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.
September 2, 2014 – Scenes from the July 28th STANY Golf Outing 2014 at the Canoe Brook Country Club at Summit, NJ.
September 2, 2014 – 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.
September 2, 2014 – 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.
September 2, 2014 – 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.
August 29, 2014 – 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.
August 29, 2014 – 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.
August 29, 2014 – Former regulators are joining the lobbying firms that once monitored the market.
August 28, 2014 – 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.
August 28, 2014 – 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.
August 28, 2014 – 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.
August 28, 2014 – In an OTC market striving for transparency, trading flourishes in foreign shares.
August 27, 2014 – The new fixed income trading platform features an a la carte pricing model to cut TCO by 40 percent.
August 27, 2014 – 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.