Blog
Debating "The Great Rotation": Will it Lift Trading Volumes?
June 17, 2013 @ 19:24 PM | By Ivy Schmerken
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.
continued...Trading Talent Disconnect on Wall Street: Is It Really a Lack of Qualified Workers?
June 17, 2013 @ 09:00 AM | By Greg MacSweeney
If no one is investing in their employees or providing training, where will the next wave of talent come from?
continued...Q&A: Market Surveillance Demands 20-20 Vision
June 14, 2013 @ 12:08 PM | By Phil Albinus
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.
continued...Disclosing Dark Pool Volumes, Only A Matter of Time
June 13, 2013 @ 12:50 PM | By Ivy Schmerken
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.
continued...Have We Hit Peak HFT?
June 11, 2013 @ 12:50 PM | By Phil Albinus
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.
continued...The Dark Pools’ Choice: Go Into the Light or Down the Drain
June 07, 2013 @ 10:36 AM | By Phil Albinus
In a letter to the operators of 15 dark pools, Finra asked for more detail about who knows what happens in these unlit exchanges.
continued...Wall Street's Obsession: SAC's Redemption Total
June 04, 2013 @ 14:34 PM | By Ivy Schmerken
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.
continued...Paul Volcker Sounds Off on Regulators and the Volcker Rule
May 31, 2013 @ 10:36 AM | By Ivy Schmerken
The former Federal Reserve Chairman said that six regulatory bodies in the U.S. was too many, which he blamed for the stalemate in implementing Dodd Frank.
continued...Mobility Meets BYOD: Trade U.S. Equity Options on Your iPhone or iPad
May 28, 2013 @ 13:52 PM | By Ivy Schmerken
Eyeing U.S. options traders who need speed, startup iVerit is offering real-time mobile data and professional analytics to consumers of Apple mobile devices.
continued...Is The Trading Floor Any Place For A New Mother?
May 28, 2013 @ 13:22 PM | By Phil Albinus
An old-school hedge fund hotshot set off a firestorm saying that women traders lose their edge when they have children. The same goes for divorced dads. Is he right?
continued...EU Dark Pools Regs Blast Buy Side
May 28, 2013 @ 10:24 AM | By Phil Albinus
The proposed 5 percent cap on dark pool trading could have a sharp impact on asset managers who need the anonymity of unlit trading venues, say critics.
continued...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.
continued...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.
continued...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.
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