Commentary

Kathryn Zhao
Traders Magazine Online News

Five Pillars of Modern Electronic Trading

In this reprint from Global Trading, Cantor's Zhao describes the essential pillars of building a low-touch trading desk.

Traders Poll

Are you pleased that the SEC is delaying its Transaction Fee Pilot program due to exchange-brought litigation?




Free Site Registration

December 11, 2017

VIDEO: WIF 2017 Winner Susan Estes

Disruptor of the Year: Susan Estes, OpenDoor Trading?

Susan Estes, OpenDoor Trading -- Disruptor of the Year. Speaking at Markets Media's 2017 Women in Finance Awards luncheon https://marketsmedia.com

Disruptor of the Year is for the person who has most shaken up the space they work in.

Our winner co-founded an all-to-all, session-based trading platform to fill the liquidity vacuum for off-the-run US Treasuries and Treasury Inflation-Protected Securities. A 35-year veteran of capital market structure, she took her firm live in April 2017, and in the first five months, received more than $130 billion in orders and matched multiple billions in trades.

The winner has disrupted by introducing a new market structure that transitioned a portion of the market from an incumbent risk-intermediary model, to a riskless-principal model, where buy side matches with buy side and sponsor-dealers settle trades but do not take risk.

Our Disruptor of the Year is Susan Estes of OpenDoor Trading LLC.

Full information and a list of Winners can be found at http://marketsmedia.com/event/women-finance-awards-luncheon/

view on YouTube