With the debate about 'a 'trade at' proposal in the Small Tick Pilot program raging on, one executive talks about what should be in the actual pilot and what its goal should be - widening spreads or better relating tick sizes to prevailing spreads.
Does the future of dark pools lie in the hands of the buyside and not the brokers?
Traders Magazine Online News
January 30, 2015 – Traders presents a gallery of cutting-edge order management systems found on the desks of today's broker-dealers.
January 30, 2015 – The London bourse has picked Barclays to oversee the sale of the asset manager.
January 30, 2015 – The New York-based broker will deploy the web-based solution for its boutique prime brokerage.
January 30, 2015 – Two partners will stay after three are scheduled to leave the manager of the $615 million Azentus Global Opportunities Master Fund at the end of March.
January 29, 2015 – The Pillar platform debuts in the second half of 2015 and will allow firms to connect to assorted NYSE markets.
January 29, 2015 – Nasdaq OMX saw its cash equities business generate growth and profit during the last quarter of 2014 to the tune of $9 million. Profits from its listings business also saw growth but at a more modest rate.
January 29, 2015 – Thanks to oil fracking money and a U.S. energy boom, UofT now oversees $25.4 billion.
January 29, 2015 – In this first installment of Tales From the Dark Side, we look at how dark pools came to be the dominant force in the trading world.
January 29, 2015 – The new sellside bond trading platform will be called RVQB and is in beta testing at brokerages at the moment.
January 29, 2015 – In a move to simplify trading in the equity markets, a group of traders has called for the elimination of the trade-through rule and the ban on locked and crossed markets, among other things.
January 28, 2015 – New trading venue OpenBondX is slated to start trading high-yield corporate bonds on February 23.
January 28, 2015 – A new federally regulated exchange designed to trade the Bitcoin virtual currency is one step closer to becoming a reality.
January 28, 2015 – KCG is getting out of the foreign exchange venue business and raising cash at the same time.
January 28, 2015 – Are the equity markets running too fast for their own good?
January 28, 2015 – Oppenheimer Holdings Inc. will pay $20 million to settle U.S. regulatory claims that it improperly sold billions of shares of penny stocks on behalf of customers.