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  • Advanced Trading. The community for innovative traders
    • Ivy's Wall

  • Asset Classes
    • Equities

      • Is it Time to Tweak, Keep or Scrap Reg NMS?
      • Australia's Economy Hitting Turbulence
      • And The Buy-Side Trading Technology Advantage Goes To....?
      More Equities
    • Derivatives

      • 60 Percent of Derivatives Users Unprepared for Dodd Frank and EMIR —Study
      • Taiwanese Bank Extends License with Fenics for FX Options System
      • Markit Launches CLO Pricing Service
      More Derivatives
    • Fixed Income

      • Europe's MTS to Launch an E-Bond Platform for U.S. Institutions as Interest Heats Up
      • Australia's Economy Hitting Turbulence
      • And The Buy-Side Trading Technology Advantage Goes To....?
      • More Fixed Income
  • Algos
    • Top Story

      Is Trading Via Microwaves Ready for Prime Time?
      As traders look for the fastest way to trade, one connectivity provider may have an answer: Sending data and trade orders via microwaves. So, what happens when it rains?
    • Algos News

      • Is Trading Via Microwaves Ready for Prime Time?
      • Regulators vs HFT Firms Debate: Who Blinks First?
      • Barclays Unveils Automated Capital Commitment for Algo Trading
      More Algos News
    • Quick Links

      • HFT Debate: Two Experts Square Off On Market Structure
      • Regulators vs HFT Firms Debate: Who Blinks First?
      • Nasdaq, CME Building Superfast HFT Link
      • Winton Capital’s Hedge Fund Closes Amid No Interest
  • HFT
    • Top Story

      High Frequency Trading Loses Its Luster
      With profits down due to lower volumes and declining volatility in U.S. stocks, high-frequency traders face growing pressure to find new markets and innovate when speed is not enough.
    • HFT News

      • HFT Firms Flood DC with Donor Dollars
      • Is Trading Via Microwaves Ready for Prime Time?
      • HFTs Chase Speed Despite Risks and Regulations
      More HFT News
    • Quick Links

      • Is Trading Via Microwaves Ready for Prime Time?
      • Breaking it Down: An Overview of High-Frequency Trading
      • Self-Learning Algorithms: The New Frontier for Trading and Market Surveillance
      • QUANT GOLD BOOK 2012: Quantavium Capital's Youngju Nielsen Is a Fixed Income Rock Star
  • Exchanges
    • Top Story

      The SEC Just Brought The Hammer Down On The Stock Exchanges
      While it’s been a long time coming, we are glad to finally see that the SEC has decided to get more involved in exchange regulation.
    • Exchanges News

      • The Rich Past and Uncertain Future of the NYSE
      • Nasdaq OMX Launches ETF Exchange
      • Nasdaq OMX to Re-Launch PSX for Exchange Traded Products
      More Exchanges News
    • Quick Links

      • Nasdaq OMX Launches ETF Exchange
      • Countering HFT Exclusives, CME-Nasdaq Launch Microwave Connectivity for Market Data
      • SEC Approves Nasdaq Payback Plan for Botched Facebook IPO
      • GETCO's Arrival on the NYSE Floor Raises Tensions on the Buy Side
  • Dark Pools
    • Top Story

      Exchanges Fight Back Against the Dark Pools
      Facing a dilemma of how to compete with dark pools and internalizers, exchanges are planning their own dark venues to offer better prices to retail investors.
    • Dark Pools News

      • Nasdaq OMX Launches ETF Exchange
      • PDQ Enterpises Inks Deal with Orbis Systems
      • Dark Pools Grab Market Share —Rosenblatt Report
      More Dark Pools News
    • Quick Links

      • Nasdaq OMX Launches ETF Exchange
      • Sales Traders Are Back in Vogue Amid Volatile Markets
      • Are Options Dark Pools an Option?
      • BlackRock Strikes Alliance with MarketAxess for Corporate Bond Trading, Scraps Plans for ATN
  • EMS/OMS
    • Top Story

      The Buy Side Wrestles with the OMS-EMS Dilemma
      In the midst of a bad economy and lower trading volumes, the buy side balances the need to cut costs and consolidate OMS and EMS platforms, while chasing the best integrated solution.
    • EMS/OMS News

      • TradingScreen Adds FX Functionality for Dodd Frank Compliance
      • Patent Issued to RealTick EMS for Staging of Electronic Orders
      • Linear Investments Selects TradingScreen's TradePrime
      More EMS/OMS News
    • Quick Links

      • And The Buy-Side Trading Technology Advantage Goes To....?
      • What Does the Sale of Eze Castle, RealTick OMS/EMS Platforms Mean for the Buy Side?
      • Credit Suisse Launches Streaming Treasury Trading
      • A New FIX for Algo Trading
  • Data Infrastructure
    • Top Story

      Is Your Bloomberg Terminal Spying On You?
      After Goldman Sachs discovered that Bloomberg journos were keeping track of their viewing habits over their Bloomberg terminals, traders have some decisions to make about the company that provides their market data, trading tools, IM and more.
    • Data Infrastructure News

      • Bloomberg Taps Former IBM CEO As Privacy and Data Advisor
      • Arialytics Unveils Predictive Analytics Platform
      • Is Your Bloomberg Terminal Spying On You?
      More Data Infrastructure News
    • Quick Links

      • And The Buy-Side Trading Technology Advantage Goes To....?
      • Credit Suisse Sues Former VP Over Secrets
      • Quantopian Looks to Break Wall Street's Lock on Algorithmic Trading
      • HFTs Chase Speed Despite Risks and Regulations
  • Regulation
    • Top Story

      The SEC Just Brought The Hammer Down On The Stock Exchanges
      While it’s been a long time coming, we are glad to finally see that the SEC has decided to get more involved in exchange regulation.
    • Regulation News

      • The Rich Past and Uncertain Future of the NYSE
      • HFT Firms Flood DC with Donor Dollars
      • New Regulations Rank as Top Risk — DTCC Survey
      More Regulation News
    • Quick Links

      • HFT Debate: Two Experts Square Off On Market Structure
      • Regulators vs HFT Firms Debate: Who Blinks First?
      • HFT: A Clear and Present Danger?
      • Key Dates for Form PF Reporting
  • Managing The Desk
    • Top Story

      Inside Abel Noser's Trading Floor
      Advanced Trading takes you on an exclusive tour of Abel Noser’s New York trading floor, where the agency broker known for transaction cost analysis, is customizing algorithms for the buy side, while growing its fixed income trading and transitions business.
    • Managing The Desk News

      • Is Your Bloomberg Terminal Spying On You?
      • Credit Suisse Sues Former VP Over Secrets
      • Australia's Economy Hitting Turbulence
      More Managing The Desk News
    • Quick Links

      • Exclusive: Inside the GETCO Execution Services Trading Floor
      • Is Your Bloomberg Terminal Spying On You?
      • Winton Capital’s Hedge Fund Closes Amid No Interest
      • Credit Suisse Sues Former VP Over Secrets
  • TCA
    • Top Story

      Inside Abel Noser's Trading Floor
      Advanced Trading takes you on an exclusive tour of Abel Noser’s New York trading floor, where the agency broker known for transaction cost analysis, is customizing algorithms for the buy side, while growing its fixed income trading and transitions business.
    • TCA News

      • Monash Investors Adopts Imagine Portfolio, Risk Tools
      • Goldman Tops Global Prime Broker Rankings
      • ITG Rolls Out TCA for Institutional FX Trading
      More TCA News
    • Quick Links

      • Does TCA Really Work for the Buy Side?
      • Dark Pool Analytics Provide a Light in the Darkness
      • Q&A: Why More Long-Only Asset Managers Now Require Custom TCA
      • Predictive Analytics Arms the Buy Side Against HFT
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    Phil Albinus
    Contributing EditorPhil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal that analyzed the challenges of the CIO for sell side, buy side firms and exchanges. He has moderated countless briefings, webinars and industry panels. He has a Bachelor of Arts in English from the State University of New York at New Paltz and lives with his wife and three children in Ossining, NY. Follow him in Twitter at @philalbinus

    Articles by Phil Albinus


    • The Rich Past and Uncertain Future of the NYSE
      May 17, 2013
      On the anniversary of its founding, the New York Stock Exchange shows signs of strength in an uncertain world.
      + Comment
    • HFT Firms Flood DC with Donor Dollars
      May 17, 2013
      While lawmakers and regulators take a long hard look at high-frequency trading, the firms that trade near the speed of light are donating money like never before.
      + Comment
    • Is Your Bloomberg Terminal Spying On You?
      May 14, 2013
      After Goldman Sachs discovered that Bloomberg journos were keeping track of their viewing habits over their Bloomberg terminals, traders have some decisions to make about the company that provides their market data, trading tools, IM and more.
      + Comment
    • Credit Suisse Sues Former VP Over Secrets
      May 10, 2013
      She took a job with rival Goldman Sachs and allegedly e-mailed customer files to herself. And now CS wants to stop her. Can they?
      + Comment
    • Is Trading Via Microwaves Ready for Prime Time?
      May 08, 2013
      As traders look for the fastest way to trade, one connectivity provider may have an answer: Sending data and trade orders via microwaves. So, what happens when it rains?
      + Comment
    • HFTs Chase Speed Despite Risks and Regulations
      May 02, 2013
      Like an addict chasing the next high while evading their family, the police and reality, high frequency traders are in a similar state of denial.
      + Comment
    • Nasdaq OMX Launches ETF Exchange
      April 30, 2013
      The market maker has recast one of its three exchanges for the trading of exchange-traded funds. Just in time as it takes on dark pools before the SEC.
      + Comment
    • Wells Fargo Slashes Money Manager Programs, Angers Brokers
      April 19, 2013
      Meanwhile, the number of investors pulling money out of hedge funds levelled off last month.
      + Comment
    • Regulators vs HFT Firms Debate: Who Blinks First?
      April 19, 2013
      The confusion around high frequency trading and algorithmic trading is not helping the discussion of new regulations.
      + Comment
    • Paulson Eyes New Hedge Fund for Tax Exiles
      April 12, 2013
      Wounded by huge losses and some staggering tax bills, Paulson eyes new fund to help other tax victims. Plus, funds attract $11B in February and the SEC seeks a hedge fund budget boost.
      + Comment
    • Nasdaq, CME Building Superfast HFT Link
      April 11, 2013
      High-speed traders are going to see new boost in their market information rates thanks to a straight line of microwave towers between CME’s datacenter in Illinois and Nasdaq’s in New Jersey.
      + Comment
    • Jamie Dimon Scrambles to Keep CEO-Chairman Role
      April 09, 2013
      Do you hear that sound coming from Wall Street? It’s the sound of JPMorgan Chase directors scrambling hard so that Jamie Dimon gets to keep both his CEO and chairman jobs for America’s largest bank.
      + Comment
    • Corzine Lit Matches for MF Global Meltdown: Report
      April 04, 2013
      Former G man Louis Freeh’s report on the spectacular meltdown of MF Global is out - and Jon Corzine does not get off easy.
      + Comment
    • Spurred By Bonuses, Hedge Fund Traders Feel Pressure to Break Rules
      April 02, 2013
      A survey reveals the depressing state of a hedge fund trader’s mind: They’ve seen misconduct, would break rules to get ahead and doubt the SEC can do anything to fix the industry.
      + Comment
    • Closing In On SAC, FBI Arrests Portfolio Manager
      March 29, 2013
      Federal agents arrested the portfolio manager of the largest hedge fund in the country. After a week of buying mansions and Picassos, is SAC Capital founder Steve Cohen next?
      + Comment
    • Winton Capital’s Hedge Fund Closes Amid No Interest
      March 28, 2013
      One of the world’s largest hedge funds Winton Capital announced that its Henri Capital spinout will close after two years of trading due to a lack of clients.
      + Comment
    • SEC Approves Nasdaq Payback Plan for Botched Facebook IPO
      March 26, 2013
      UBS, Citi and others are not pleased with the $62 million settlement and may still sue.
      + Comment
    • The Glamorous Personal Assistant and Her Hedge Fund Boss’ Amex Cards
      March 21, 2013
      Nearly one million dollars later, Ukrainian beauty Renata Shamrakova admitted in Manhattan Supreme Court to embezzlement while working as the personal assistant to hedge fund manager Todd Meister.
      + Comment
    • Minding the Boys: Operational Risk on the Trading Floor
      March 21, 2013
      Bad lads, poor handwriting and preening managers - let's take a look at operational risk on the floor of a London brokerage.
      + Comment
    • JPMorgan E-mails: "Stupid Quants"
      March 19, 2013
      When the London Whale's losses came to light, the higher-ups inside JPMorgan looked around to share the blame.
      + Comment
    • Senate Report: JPMorgan Ignored Risks — Best Reactions
      March 15, 2013
      A blistering Senate report rakes JPMorgan Chase over the coals for ignoring risk and hiding losses caused by the notorious London Whale.
      + Comment
    • What Will Mary Jo White’s SEC Look Like?
      March 14, 2013
      President Obama's choice to run the SEC has her strengths and weaknesses - but what exactly will Mary Jo White's stamp be on the embattled financial regulatory agency?
      + Comment
    • Sequester Chokes SEC, Regulator Funds
      March 13, 2013
      As the market burns up the DOW, the SEC and other regulators will see their budgets slashed during the sequester. What happens if the government shuts down?
      + Comment
    • Bitter Hedge Fund Divorce Battles For Custody of the Algos
      March 08, 2013
      A long-running divorce between two hedge fund giants isn't over who gets the mansion or the yacht - but who gets to keep the trading algorithms.
      + Comment
    • Meet The Unquantables: The SEC's Quant Team Briefs the FBI
      March 06, 2013
      The jig’s up. The SEC’s team of quants is briefing the FBI and other regulatory bodies about how you trade and evade at high speeds.
      + Comment

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