Blog
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.
continued...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.
continued...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.
continued...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.
continued...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.
continued...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.
continued...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.
continued...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?
continued...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.
continued...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?
continued...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.
continued...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.
continued...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.
continued...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.
continued...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.
continued...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.
continued...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?
continued...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.
continued...Bracing for Apple's Earnings Report, Academics React to Stock's Falling Price
April 22, 2013 @ 13:58 PM | By Ivy Schmerken
Some academics are blaming the irrational exuberance of retail investors combined with the short selling of hedge funds for the decline in Apple Computer's stock price last week.
continued...JP Morgan Forms Electronic Trading Management Committee
April 19, 2013 @ 13:39 PM | By Ivy Schmerken
The new committee will share best practices in electronic and algorithmic trading across asset classes and make decisions on investments in systems for competitive advantage.
continued...Wells Fargo Slashes Money Manager Programs, Angers Brokers
April 19, 2013 @ 11:06 AM | By Phil Albinus
Meanwhile, the number of investors pulling money out of hedge funds levelled off last month.
continued...Regulators vs HFT Firms Debate: Who Blinks First?
April 19, 2013 @ 08:20 AM | By Phil Albinus
The confusion around high frequency trading and algorithmic trading is not helping the discussion of new regulations.
continued...Estimize's Data Licensing Deal with Bloomberg Validates Social Finance
April 18, 2013 @ 11:48 AM | By Ivy Schmerken
The crowdsourced earnings estimates platform agreed to license its data for display on the respected Bloomberg Professional service, which is a sign that social finance is a growing trend.
continued...Bloomberg Files Lawsuit on Swaps Trading, Contesting Margin Rules
April 17, 2013 @ 13:28 PM | By Ivy Schmerken
Argues that CFTC's rule imposing higher margins on swaps than comparable swap futures, is not based on risk analysis and will harm swap execution facilities..
continued...Corporate Bond Market Needs Price Discovery Overhaul —Report
April 16, 2013 @ 13:03 PM | By Ivy Schmerken
As buy side firms scramble for liquidity in corporate bonds, a new report Tabb Group lays out the need for a new price discovery mechanism with new tools and pricing sources to replace traditional phone-based quoting.
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