Articles by Philippe Buhannic Commentary & Analysis

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  • 10 Ways to Manage Conflicts of Interest on Your Broker-Owned Platform
    By Philippe Buhannic | June 18, 2013
    Buy-side clients need to understand that when they trade on a broker-sponsored platform, they are paying for these systems, whether that payment comes in the form of commissions, licenses, or widened spread. Therefore, the most important thing the buy side should do is to think like a customer.
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  • Educating the Buy Side: Off-The-Desk Learning
    By Ivy Schmerken | June 18, 2013
    To learn about new products, buy-side traders can go for specialized degrees or take continuing education courses.
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  • Debating "The Great Rotation": Will it Lift Trading Volumes?
    By Ivy Schmerken | June 17, 2013
    A shift from fixed income into equities is unlikely to lift trading volumes and brokerage commissions up to previous highs, according to a Greenwich Associates report.
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  • Trading Talent Disconnect on Wall Street: Is It Really a Lack of Qualified Workers?
    By Greg MacSweeney | June 17, 2013
    If no one is investing in their employees or providing training, where will the next wave of talent come from?
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  • Q&A: Market Surveillance Demands 20-20 Vision
    By Phil Albinus | June 14, 2013
    Just because regulators are gaining an IT advantage in market surveillance it doesn't mean that broker-dealers can relax. If they want to avoid fines and keep their trading license, remaining vigilant against suspicious trades and compliance infractions is still Job One.
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  • Chile, Latin America's Rising Star
    By Alexander Fleiss | June 14, 2013
    Chile, although a smaller overall economy than Brazil, is growing quickly in South America and should not be overlooked.
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  • Disclosing Dark Pool Volumes, Only A Matter of Time
    By Ivy Schmerken | June 13, 2013
    A panel of Wall Street executives warmed up to the idea of reporting dark pool volumes on a monthly basis, as they debated U.S. equity market structure.
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  • SEC Fines CBOE $6M for "Systemic Breakdowns" in Oversight
    By Ivy Schmerken | June 12, 2013
    The U.S. options exchange operator agreed to pay $6 million for failure to police short selling abuses and for interfering in the investigation of a member firm.
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• • Deutsche Bank Launches Autobahn Mobile
    By Zarna Patel | June 12, 2013
    The bank's sales, trading and research apps will be accessible to corporate and institutional clients via the new mobile platform.
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  • Have We Hit Peak HFT?
    By Phil Albinus | June 11, 2013
    The number of shares traded via high-frequency trading are down and politicians want to roll out a tax to serve as a speed bump. Some are wondering if microsecond dealings are poised to fade away.
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  • 66% of Buy Side Traders Value Execution Consultants
    By Ivy Schmerken | June 11, 2013
    Increasingly traders are valuing more granular, quantitative real time and post-trade analysis of performance, according to a survey by Woodbine Associates.
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  • Clearing Connectivity Standard Wins Support from Large Brokers
    By Zarna Patel, Staff Writer | June 11, 2013
    BofA Merrill Lynch, J.P. Morgan, UBS, and Barclays confirmed their support for the new OTC derivatives reporting standard.
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  • Is Social Media Use Penetrating the Financial Markets?
    By Ivy Schmerken | June 11, 2013
    A survey from OneMarketData is studying trends in social media use on Wall Street as a new form of market data.
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  • Harnessing Big Data to Boost Idea Discovery
    By David Marra, CEO, Arialytics | June 11, 2013
    What if a fund manager could use vast amounts of information to hone in on the best investable ideas, and then go and kick the tires of the select few that make the cut?
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  • Didn’t Sell in May? Good for You
    By Michael J. Levas | June 10, 2013
    Investors and traders continue to defy the seasonal factors that normally impact the market. Auto sales are up, jobless claims are down, but the probability of a correction remains high.
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  • Dutch Equities and Options Venue Migrates to London Data Center
    By Ivy Schmerken | June 10, 2013
    TMX Atrium supported the migration of The Order Machine (TOM's) matching engine from Stockholm to its new facilities in London.
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  • BofA Merrill Lynch, Citi and Goldman Sachs Join Markit's Credit Checking Hub
    By Ivy Schmerken | June 07, 2013
    Several top dealers have signed up for Markit's Credit Centre, a hub solution for OTC derivatives participants to manage credit lines between FCMs and their clients and venues.
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  • Tradeweb Completes Electronic Pre-Trade Credit Check on Buy-Side Swaps Trade
    By Ivy Schmerken | June 07, 2013
    The derivatives platform demonstrated electronic pre-trade credit checking with an FCM for cleared swaps, using both ping and push protocols.
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  • The Dark Pools’ Choice: Go Into the Light or Down the Drain
    By Phil Albinus | June 07, 2013
    In a letter to the operators of 15 dark pools, Finra asked for more detail about who knows what happens in these unlit exchanges.
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  • The Big Shift: Overhauling Corporate Bond Trading
    By Ivy Schmerken | June 05, 2013
    With major dealers shrinking their inventories of corporate bonds, buy side institutions are seeking ways to find liquidity over alternative trading platforms that are emerging to solve the liquidity shortfall.
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  • Wall Street's Obsession: SAC's Redemption Total
    By Ivy Schmerken | June 04, 2013
    If investors pull billions from SAC Capital Advisors, sell side firms stand to lose revenues since hedge fund is a major generator of trading volumes, prime brokerage and commissions.
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  • Eris Exchange Reduces Contract Size to $100k to Broaden Access to Asset Managers
    By Ivy Schmerken | June 03, 2013
    The notional size of the Eris swap futures contracts were modified by a factor of 10 in response to user demand from buy side firms in advance of the June 10 clearing deadline.
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  • James Toffey Joins GFI to Head Up Electronic Markets
    By Ivy Schmerken | June 03, 2013
    Interdealer broker GFI hired James Toffey, the co-founder and former CEO of Tradeweb, to spearhead its plans to launch regulated trading platforms for cash, derivative financial and commodities products in the U.S. and Europe.
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  • Structural Change In The Credit Markets
    By Sean Owens, Woodbine Associates | May 31, 2013
    An 80-ton boulder that has only started to roll.
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  • Broker Dealers to Comply with Canada's Regs on Automated Trading Risk Controls
    By Ivy Schmerken | May 31, 2013
    Succession Systems said that Newedge deployed its software to check orders in real time before they are submitted to exchanges in Canada and the U.S.
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