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.
Industry participants question whether identifying dark pools in real-time trade reports will give too much information to high-frequency traders and gamers.
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.
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.
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.
UBS Trader Gets 7 Years for $2.3 Bln FraudNovember 20, 2012Former UBS trader Kweku
Adoboli was convicted and sentenced to seven years in jail on
Tuesday for the biggest fraud in British history, which resulted
in a loss of $2.3 billion for the Swiss bank.
Morgan Keegan And Ex-NBA Star in Dispute Over InterestNovember 20, 2012Morgan Keegan & Co is disputing the
amount of interest owed to retired NBA basketball player Horace
Grant on a $1.46 million arbitration award and has refused to
pay $333,000 in interest that Grant says he is owed.
Dark Trading Benefits Stocks Until 50 Percent Threshold— StudyNovember 19, 2012A study conducted by CFA Institute of undisplayed trading in dark pools and via broker-dealer internalization found that market quality deteriorates once more than 50 percent of stock's volume is traded in the dark.
Obama Presses Case on 'Fiscal Cliff' with Dimon, BuffettNovember 19, 2012President Barack Obama's
intensive lobbying to avert big year-end tax hikes and spending
cuts resumed over the weekend as he spoke with senior corporate
chieftains, including JPMorgan Chase's Jamie Dimon and legendary
investor Warren Buffett.
Breaking Up Too-Big Banks Still Not the Answer: Fed's DudleyNovember 16, 2012There remains much work to fix
the "too big to fail" bank problem, but breaking up big
financial institutions is still not the answer, an influential
U.S. Federal Reserve official said on Thursday.
Banks Expected to Shrink For Good as Layoffs Near 160,000November 16, 2012Major banks have announced some
160,000 job cuts since early last year and with more lay-offs to
come as the industry restructures, many will leave the shrinking
sector for good as redundancies outpace new hires by roughly
two-to-one.
Top Hedge Funds pick up Facebook Amid 3rd-Quarter CrashNovember 15, 2012Facebook's disastrous second-quarter
earnings report, which sent the shares of the social network
down 32 percent in a week, has attracted some of the top hedge
fund stock pickers.
Job Cuts, Regulation Push Bankers Toward Hedge FundsNovember 14, 2012The hedge fund industry is
expected to see a wave of new launches in the next year by
traders who have lost their jobs at investment banks or who have
left in search of better pay.
Facebook Stock Soars As Share Lockup EndsNovember 14, 2012Shares of Facebook Inc jumped as much as 11.2 percent on Wednesday, even as the biggest block of shares held by insiders became eligible for sale for the first time since the social media company's disappointing debut in May.
Ivy Asset Mgmt Settles With NY for $210 Mln Over MadoffNovember 13, 2012Ivy Asset Management agreed to pay $210 million to settle lawsuits over advising clients to invest with Ponzi schemer Bernard Madoff,
the New York State Attorney General said on Tuesday.
Global Fund Industry Rebounds, Total Assets Now $120 TrlnNovember 13, 2012The fund management industry has
rebounded from the global financial crisis and conventional
assets under management are now 13 percent above pre-crisis
levels, a report said on Tuesday.
CME Lawsuit opens New Front Against Finance WatchdogsNovember 09, 2012A lawsuit by U.S.
exchange operator CME Group added to a groundswell of
legal challenges facing regulators rewriting global financial
rules, potentially opening up a new front in the fight over the
reforms.
SEC Left Computers Vulnerable to Cyber AttacksNovember 09, 2012Staffers at the U.S.
Securities and Exchange Commission failed to encrypt some of
their computers containing highly sensitive information from
stock exchanges, leaving the data vulnerable to cyber attacks,
according to people familiar with the matter.
FX Trading on Thomson Reuters Platform Falls in OctoberNovember 08, 2012Daily spot foreign exchange
trading volumes on Thomson Reuters dealing platforms
fell by 23 percent in October from a year earlier, company data
showed on Thursday.
FINRA Expels Hudson Valley Capital, CEO in Day-Trading FraudNovember 08, 2012Wall Street's industry funded regulator
has expelled Hudson Valley Capital management and its chief
executive officer from the securities industry for defrauding
its clearing firm and customers to cover losses from his day
trading.
Election over, Obama, Boehner Set to Renew Fiscal BattleNovember 07, 2012The top Republican in the U.S.
House of Representatives was set to issue a new challenge on
Wednesday to a re-elected President Barack Obama to work
together to avert the looming "fiscal cliff" that threatens to
push the U.S. economy into a recession.
U.S. Markets Want Clear Winner From Presidential VoteNovember 06, 2012Traders and investors seem to
agree on one thing about Tuesday's U.S. presidential election:
The markets want a clear winner by Wednesday morning.
Bond-Heavy Overseas Funds Want Obama WinNovember 05, 2012Overseas investors, many of whom
are creditors to the highly-indebted U.S. government, reckon a
re-election of President Barack Obama would be best for world
markets even if U.S. counterparts say otherwise.
Morgan Stanley Makes Kelleher Sole Institutional Banking HeadNovember 05, 2012Morgan Stanley is revamping its
institutional securities business, announcing Monday that Paul
Taubman will retire as co-head of the trading and banking unit
while co-head Colm Kelleher will remain as president.
