Commentary

Peter Maragos
Traders Magazine Online News

Rebate Debate Misses the Mark

Dash Technologies' Peter Maragos weighs in on the market rebate debate - saying there is nothing intrinsically wrong with rebates, per se. However, there is a problem with the brokerage industry’s dominant fee model.

Traders Poll

Do you expect SEC Chairman Jay Clayton to push for regulation in the cryptocurrency issuance and trading markets?

Yes

74%

No

5%

The CFTC will push for regulation

21%

Free Site Registration

STA's 77th Annual Conference

Washington D.C. September 2010

Presentation of the Colors




Presentation of the Colors  Scott Chon, Jump Trading, Chicago; Dmitri Galinov, Credit Suisse; Dan Yu, Realtick, both New York. Matt Dorn, Collins Stewart, Minneapolis; Josh Van Dreel, Heartland, Milwaukee, Brad Wilson, Sanford Bernstein, John Silvestri, Aqua Equities, both New York; Tom Arneson Wells Fargo, Minneapolis.
Jack Hughes, JMH Consulting, Philadelphia; Sue Driscoll, guest; Craig Harrison, Sionna Investment Management; Brennan Howard, Stifel Nicolaus, both Toronto. Chris Siclare, UBS; Mary McDermott-Holland, NASDAQ OMX; Scott Richard, Lisa Carroll, all NASDAQ OMX, all New York. Marcus Bermeo, Pam Friedberg, Jennifer Rossdale all BT, New York; Michael Ludwig, BNY Mellon, all New York. Seth Weber, Barclays Capital; Dan Weingarten, Penson Financial; Brian Carr, Joe Velli, Sean Buckley all ConvergEx, all New York.
Bob Koci, Principal Financial, Des Moines; Kathy Cheevers, Cheevers & Co.; Jon Aletto, Ariel Capital Management, both Chicago. John Huth, Quantlab Financial, Houston; Chris Isaacson, BATS, Kansas City. Dan Romanelli, NYSE Euronext, Chicago; Lisa Fall, Boston; Todd Rich, Chicago, both BOX. Ken Heath, Traders Magazine, New York; Nichole Ake, U.S. Capital Advisors, Dallas; Mary McDermott-Holland, NASDAQ OMX, New York; Mark McDermott, Natixis Bleischroeder, Boston.
Dan Strack, Paul Romagnoli, both Goldman Sachs; Jim Hyde, NYSE Euronext, all New York. Adam Levy, Fidessa; Joe Cangemi, ConvergEx Group, Anthony Triolo, Fidessa, all New York Tom Defazio, Aqua Equities, New York; Kelli Springer, Kansas City Capital; Michael Burbach, Lathrop & Gage, both Kansas City. Gus Phelps, Navpoint, Boston; John Giesea, STA, New York; Tim Casey, Navpoint, Boston; James Ramage, Traders Magazine, New York.
Paul Neumaier, Fidessa; Chris Siclare, UBS, both New York; Lael Morse, New York; Martin Hakker, Toronto, both Fidessa. Andrew Oppenheimer, Aqua Equities, New York; Patricia Regan, Fidelity Investments; Erin Williams, Stifel Nicolaus, both San Francisco; Kevin Foley, Aqua Equities, New York; Laurie Hanna, Pulse Trading, San Francisco; Andrew Fishkind, Aqua Equities, New York. James Kelly, SunGard, Jersey City ;  Dan Weingarten, Penson Financial, New York; Bill Fallon, SunGard, Jersey City; Jack Boyle, Penson Financial, Chicago.
Keith Casuccio, Morgan Stanley, New York; Patrick Egan, Mantara, Jersey City; Jared Baker, Charles River, Boston. Jennifer and John Russell, Franklin Templeton; Brett and Maile Mock , BTIG, all San Francisco. Brett Mock, BTIG, San Francisco; David Feherty, Guest Speaker, Joe Cangemi, ConvergEx Group, New York; Lou Matrone, Oracle, Dallas.
Bart Green, Wells Fargo, St. Louis; Joe Mecane, Dan Romanelli, both NYSE Euronext, New York; Paul Roettger, Wells Fargo, St. Louis. Jennifer and Scott Setzenfand, Federated Investors, Pittsburgh; Garnet and Dennis Green, both guests. Nancy McLaughlin, ConvergEx Group; Steve Hughes, Exegy, both New York.
Nav Cheema, Raymond James, Vancouver; Brennan Howard, Stifel Nicolaus; Craig Harrison, Sionna Investment Management, both Toronto.

FLASHBACK FRIDAY: Becoming a Superpower-GETCO's Looks to Knight's Wholesale and Retail Businesses as Keys to Growth

In this week's FLASHBACK FRIDAY lookback, we revisit 2013 when market maker GETCO was looking to drive it business forward in a stagnant commission rate and highly competitive market making environment. In exploring its limited options, GETCO opted to purchase Knight. Seemed a like a good match – but was it?

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