Commentary

David Weisberger

Does Exchange Fragmentation Really Hurt the Equity Market?

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 Poll

Given that there are over two dozen equity exchanges currently, would it be better to have fewer?




Advertisement

Free Site Registration

Traders Magazine Online News

So How Does European Unbundling Affect The Buyside and Sellside?

– 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.


DTCC Elects Deutsche Bank's Turley to Board of Directors

– 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.


Fidessa Adds BAML Instinct Trading System for Canadian Traders

– Bank of America Merrill Lynch's flagship trading system is now available to Canadian traders who tap Fidessa for their execution needs.


BRICS Set Up $100 Billion Pool of Reserves to Aid With Liquidity

– 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.


ITG Launches Server for U.S. - Canada Interlisted Stocks

– Traders who want to execute orders in interlisted stocks are getting an updated piece of technology to trade faster and cheaper.


BATS Suffered a 30-Minute Trading Outage on Its EDGX Stock Market Monday

– Technical difficulties forced BATS Global Markets Inc. to halt trading on its second-largest stock exchange for more than 30 minutes on Monday morning.


‘Flash Boys’ Programmer in Goldman Case Prevails Second Time

– 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.


HKEx Set to Introduce Volatility Bands & Closing Auction in 2016

– One major Asian stock exchange operator is preparing to install volatility bands to help maintain market stability during times of distress.


UBS Cuts Deal in Brazil Currency-Rigging Probe

– Swiss bank UBS has reportedly cut a deal to free itself of the growing scandal in Brazil involving currency market rigging.


TRADERS ON THE MOVE: BTIG Hires ETF Duo, Greenwich Hires Viani

– 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.


Trillion-Dollar Stock Managers See Chaos on Greek ‘No’ Vote

– 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.


Surge in Europe Stock Options Volume Shows Race to Hedge Greece

– Whatever happened after Greece’s vote, stock investors had time to prepare beforehand.


HKEx to Resume Closing Auction, Impose Temporary Price Limits

– 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.


Three Seconds Has Become an Eternity in the Chinese Stock Market

– For international investors accustomed to speed, trading in China’s stock market is like flying blind.


Brokers Beware: HFT Firms Have a Way to Cut You Out in Japan

– 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.



Advertisement

Current Issue

Traders Magazine

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

Advertisement

Advertisement