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?
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.
Due to the pendulum shift to almost full automation and the massive fragmentation of the stock market over the past decade, our equity market currently lacks a self-policing mechanism.
Buy side firms need sophisticated tools to navigate the market structure as well as analytics and connectivity to alternative trading systems, but cost pressures are an obstacle to upgrading their OMS-EMS platforms, according to Greenwich Associates' study.
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.
Professor Bernard Donefer of Baruch College and Sal Arnuk, Partner at Themis Trading went head-to-head on regulation, technology and politics surrounding the controversial practice of HFT.
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.
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.
Hedge Fund Masters Flunk Money-Making TestNovember 02, 2012Generating strong returns is
getting so tough for hedge fund managers, supposedly the
high-earning masters of any market, that some are shutting up
shop and more look poised to follow.
Wall St Ends Storm-Shortened Week With SelloffNovember 02, 2012U.S. stocks ended an unusual
storm-shortened trading week with a selloff on Friday, as major
indexes erased early gains sparked by a stronger-than-expected
payrolls report.
Stocks Climb as Improved Oct Hiring Boosts Economy HopesNovember 02, 2012The S&P 500 climbed in early
trading Friday as U.S. employers stepped up hiring in October
and the jobless rate ticked higher as more workers restarted job
hunts, a hopeful sign for a lackluster economy.
Thomson Reuters Operating Profit Weighed Down By Weak TradingNovember 02, 2012Thomson Reuters Corp
reported on Friday a 15 percent fall in operating profit because
of declining revenue and higher costs at its division that
serves the financial industry.
Wall St Rallies After Labor Market DataNovember 01, 2012U.S. stocks rallied in morning
trading on Thursday after a pair of positive signs about the
labor market pointed to improving conditions a day before the
U.S. nonfarm payroll report.
Money Manager Invesco's Quarterly Profit ClimbsNovember 01, 2012Money manager Invesco Ltd said its
third-quarter profit rose 2 percent as customers added almost
$12 billion to the firm's funds.
JPMorgan Sues London Whale's Former BossOctober 31, 2012JPMorgan Chase & Co has filed
suit against the former boss of Bruno Iksil, the trader known as
the London Whale for the outsized derivatives positions he took
that cost the bank $6.2 billion this year, according to a
published report.
Barclays Hit by Fresh U.S. InvestigationsOctober 31, 2012Barclays, already rocked
by an interest rate rigging scandal, unveiled new U.S.
regulatory investigations into the bank's financial probity on
Wednesday and said its profit was hit by charges for mis-selling
insurance.
Exchanges Plan to Resume Trading WednesdayOctober 30, 2012As New York struggles to recover from a historic storm, the nation's stock exchanges plan to reopen on Wednesday.
U.S. Companies Delay Results Due to SandyOctober 30, 2012Dozens of U.S. companies postponed
releasing quarterly results as Sandy, one of the biggest storms
to hit the United States, pounded the east coast, flooding large
parts of New York City.
NYSE to Test New Plan; Trading Floor Undamaged by StormOctober 30, 2012NYSE Euronext said it plans to
test a new contingency plan to help resume stalled U.S. equity
trading, and added that its famed trading floor is not yet
damaged by Sandy, one of the biggest storms to hit the United
States.
UBS Stock Soars at Prospect of 10,000 Job CutsOctober 29, 2012Shares in UBS
soared on Monday after media reports the Swiss bank would
announce up to 10,000 job cuts as it takes the knife to its
investment banking operations, particularly its fixed income
business.
NYMEX Floor Trading Suspended Due to Sandy, Electronic Trade OpenOctober 29, 2012The CME said it will
suspend floor trading on Monday at its NYMEX world headquarters
because of mandatory evacuation by the city of New York ahead of
Hurricane Sandy but the move is unlikely to affect trade as
higher-volume electronic dealing will operate
My Actions Were Not Fraudulent, Says UBS "Rogue Trader"October 26, 2012Former UBS trader Kweku
Adoboli wept on Friday as he told a jury that his "off-book
trades" were done for the benefit of a bank that meant
everything to him.
Legg Mason Profit Up With First Net Inflows Since 2007October 26, 2012Asset manager Legg Mason Inc said
on Friday quarterly profit topped expectations as the company
reported its first quarterly net inflows of client funds since
2007.
CME's Volume 'Disaster' Due to Macro Woes: ExecOctober 25, 2012The decline in trading on CME
Group Inc's futures exchanges this year is more the
result of a sluggish economy and uncertainty over tax policy
rather than regulatory changes affecting the futures industry,
CME's executive chairman said on Thursday.
UBS Set to Cut 400 Investment Banking JobsOctober 24, 2012UBS is about to
cut 400 investment banking jobs, two sources familiar with the
situation said on Wednesday, with more extensive lay-offs at the
Swiss bank likely to follow as it withdraws from the riskier and
more capital-intensive parts of its business.
Weak Trading Volumes Sink Nasdaq's Net IncomeOctober 24, 2012Nasdaq OMX Group's third-quarter
profit fell 18 percent, due in part to a drop in trading volumes
in U.S. and Nordic equities, the exchange operator said on
Wednesday.
Employee Gadgets Make Investment Bank Layoffs More ComplexOctober 23, 2012In the high-tech, gadget-addicted
world of investment banking, layoffs are becoming more complex
and brutal as firms try to stop sensitive data leaving with
employees.
EU Commission Backs Transaction Tax PlanOctober 23, 2012The European Commission threw
its support on Tuesday behind a plan by 10 euro zone to use a
single rule to tax transactions by financial institutions as a
way of contributing to the cost of the sovereign debt crisis.
The Rich Bail Out of Changing Hedge Fund IndustryOctober 22, 2012Rich private investors are
turning their backs on hedge funds because moves to attract more
conservative pension fund clients mean managers no longer
deliver the big returns they crave.
Goldman Gives Its Version of Angry Employee's DepartureOctober 19, 2012Just days before publication of
a book promising to expose a rampant culture of greed a t Goldman
Sachs Group Inc, the Wall Street company is writing its
own story about the book's author.
