Archive: Kerry Massaro
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Bloomberg's Chat-Based FX Trading Tool Attracts Citi, As Banks Reportedly Seek Chat Alternatives
May 23, 2013 @ 13:07 PM | By Ivy Schmerken

Bloomberg announced IB Dealing, a new chat-based FX trading tool for subscribers with Citigroup as a client, amid reports that Citi and other Wall Street banks are building their own alternative chat platforms.

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Prosecutors Circling, SAC Hedge Fund May Shut Down
May 21, 2013 @ 11:53 AM | By Phil Albinus

After several high-profile arrests for insider trading, the head of the rich yet beleaguered SAC hedge fund may call it quits to avoid jail time.

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The Rich Past and Uncertain Future of the NYSE
May 17, 2013 @ 15:37 PM | By Phil Albinus

On the anniversary of its founding, the New York Stock Exchange shows signs of strength in an uncertain world.

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Regulators Compromise on Swaps RFQ Rule, So Are the Banks Winning?
May 17, 2013 @ 12:40 PM | By Ivy Schmerken

CFTC commissioners compromised on key rules that now require asset managers to contact two banks for prices on derivatives, rather than five, which was opposed by banks and lobbyists.

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HFT Firms Flood DC with Donor Dollars
May 17, 2013 @ 11:35 AM | By Phil Albinus

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.

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Is it Time to Tweak, Keep or Scrap Reg NMS?
May 16, 2013 @ 13:58 PM | By Ivy Schmerken

The emphasis on speed, order protection, and technology that Regulation NMS brought to U.S. equities is analyzed in an indepth report by Tabb Group, which says it's time to debate the rule's effectiveness.

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Asset Managers and Hedge Funds Face Swaps Clearing Deadline
May 14, 2013 @ 14:02 PM | By Ivy Schmerken

Buy side firms preparing for mandatory swaps clearing need to finalize selections of CCP and FCMs as well as onboard clients and test systems by June 10 deadline, according to Woodbine Associates' whitepaper.

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Is Your Bloomberg Terminal Spying On You?
May 14, 2013 @ 12:50 PM | By Phil Albinus

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.

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Welcome to the New Quants: Data Scientists
May 13, 2013 @ 12:10 PM | By Ivy Schmerken

There's a lot of buzz around the role of the data scientist, which is wrapped up with Big Data and developing new approaches for analysis of financial markets.

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Credit Suisse Sues Former VP Over Secrets
May 10, 2013 @ 12:28 PM | By Phil Albinus

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?

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Europe's MTS to Launch an E-Bond Platform for U.S. Institutions as Interest Heats Up
May 10, 2013 @ 11:57 AM | By Ivy Schmerken

The European electronic fixed income marketplace will allow the buy side to directly access prices and execute European and U.S. government, agency, mortgage, and corporate bonds with major dealers.

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Is Trading Via Microwaves Ready for Prime Time?
May 08, 2013 @ 11:43 AM | By Phil Albinus

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?

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3rd Birthday of Flash Crash: Is the Stock Market Safer?
May 06, 2013 @ 12:47 PM | By Ivy Schmerken

Three years later since that catastrophic event, exchanges have eliminated stub quotes and implemented safe guards such as limit-up/limit down. But there's inertia on many other issues.

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DTCC Sues CFTC Over Swap Data Repository Rules
May 03, 2013 @ 11:35 AM | By Ivy Schmerken

The industry-owned utility is asking a federal court to overturn the CFTC's approval of rules allowing CME and ICE to run SDRs.

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HFTs Chase Speed Despite Risks and Regulations
May 02, 2013 @ 11:58 AM | By Phil Albinus

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.

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Nasdaq OMX Launches ETF Exchange
April 30, 2013 @ 17:50 PM | By Phil Albinus

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.

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After the Hash Crash: Worrying About the Next Glitch
April 30, 2013 @ 13:00 PM | By Ivy Schmerken

After last week's Hash Crash, James Angel of Georgetown University told CNBC he's worried about the next glitch. Circuit breakers are in place, but he's not sure how they will react when the next stress hits.

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EBS's Plan to Slow Down HFT in FX Could Influence Other Regulators
April 29, 2013 @ 13:54 PM | By Ivy Schmerken

The electronic FX platform trading platform has a proposal to reduce the speed advantage of HFT players because the technology arms race has gotten out of hand.

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Survey: How Should We Educate the Next Generation Buy Side Trader?
April 25, 2013 @ 12:30 PM | By Ivy Schmerken

With the faster and more complex electronic markets, what is the future skill set needed for the buy side trader?

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Credit Suisse No Longer Reporting Dark Pool Volumes, Takes Away from Transparency
April 23, 2013 @ 14:03 PM | By Ivy Schmerken

The largest dark pool's decision to stop reporting its volume statistics most likely relates to concerns that U.S. regulators are targeting off-exchange volumes.

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