Commentary

Don Bollerman

A NYSE Speed Bump You Weren’t Aware Of

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.

Traders Poll

In light of the recent difficulties with China's stock market circuit breakers, are U.S. equity market breakers adequate?

Yes

0%

No

0%

They need further tweaking

0%

Scrap them and start fresh

0%

Free Site Registration

Traders Magazine Online News

ICAP Revenue Declines as CEO Spencer Bets on Speed Traders

– 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.


World’s Top-Performing Bourse Operator Seeks Life Beyond Metals

– 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.


EU Plans 1-Year Extension of MiFID II Market Rule Start Date

– 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.


ITG Canada Lands Wassenaar as Trader and Hedge Fund Salesman

– ITG Canada just landed a new institutional trader and hedge fund salesman.


CBOE Establishes VIX Oversight Group, Adjusts Index to Meet IOSCO Rules

– The leading measurement of volatility and near-term stock market behavior, the VIX Index, is getting more oversight in its measurement and administration.


Outlook 2016: Can Raising Rates Jolt Bond Trading?

– 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.


Obama Will Seek to Double Budgets for Wall Street Regulators

– 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.


Ex-JPMorgan Executive Fined $1.1 Million Over ‘London Whale’

– 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.


TRADERS ON THE MOVE: Liquidnet Snags Pair for EQS Group, Brech Leaves Credit Suisse

– 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.


Mahoney Joins SBSCO as Managing Director

– With experience at Morgan Stanley and Citigroup, the new Institutional Salesman joins the bond firm's New York headquarters.


Triad Securities Adds Wedbush as Clearing Agent

– Triad Securities has entered into a clearing agreement with another large firm to bolster its "mini prime" brokerage offering.


Are HFTs Really to Blame for the Stock Market's Woes?

– 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.


Oppenheimer, Evercore Cut Equity Analyst Jobs as Stocks Slump

– Oppenheimer Holdings Inc. and Evercore Partners Inc. are cutting stock analysts following a global slump in equity markets.


Obscure Chinese Firm Dives Into $22 Trillion U.S. Market

– When Cromwell Coulson heard that an obscure Chinese real estate firm had agreed to buy the Chicago Stock Exchange, he was shocked.


Hong Kong Approves Leveraged ETFs While Warning Traders of Risks

– Hong Kong has authorized leveraged and inverse exchange-traded funds in the city, while adding a note of caution to investors.



Graphic_Millennials.jpeg

Advertisement

Current Issue

Traders Magazine

The stock dealers and institutional traders complete interactive news and information service

Advertisement

Advertisement