Buy-side clients need to understand that when they trade on a broker-sponsored platform, they are paying for these systems, whether that payment comes in the form of commissions, licenses, or widened spread. Therefore, the most important thing the buy side should do is to think like a customer.
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.
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.
Buy-side clients need to understand that when they trade on a broker-sponsored platform, they are paying for these systems, whether that payment comes in the form of commissions, licenses, or widened spread. Therefore, the most important thing the buy side should do is to think like a customer.
Buy-side clients need to understand that when they trade on a broker-sponsored platform, they are paying for these systems, whether that payment comes in the form of commissions, licenses, or widened spread. Therefore, the most important thing the buy side should do is to think like a customer.
Buy-side clients need to understand that when they trade on a broker-sponsored platform, they are paying for these systems, whether that payment comes in the form of commissions, licenses, or widened spread. Therefore, the most important thing the buy side should do is to think like a customer.
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.
Buy-side clients need to understand that when they trade on a broker-sponsored platform, they are paying for these systems, whether that payment comes in the form of commissions, licenses, or widened spread. Therefore, the most important thing the buy side should do is to think like a customer.
Disclosing Dark Pool Volumes, Only A Matter of TimeJune 13, 2013A 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.
SEC Fines CBOE $6M for "Systemic Breakdowns" in OversightJune 12, 2013The U.S. options exchange operator agreed to pay $6 million for failure to police short selling abuses and for interfering in the investigation of a member firm.
The Big Shift: Overhauling Corporate Bond TradingJune 05, 2013With major dealers shrinking their inventories of corporate bonds, buy side institutions are seeking ways to find liquidity over alternative trading platforms that are emerging to solve the liquidity shortfall.
Wall Street's Obsession: SAC's Redemption TotalJune 04, 2013If 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.
James Toffey Joins GFI to Head Up Electronic MarketsJune 03, 2013Interdealer broker GFI hired James Toffey, the co-founder and former CEO of Tradeweb, to spearhead its plans to launch regulated trading platforms for cash, derivative financial and commodities products in the U.S. and Europe.
Is it Time to Tweak, Keep or Scrap Reg NMS?May 16, 2013The 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.
Bloomberg Snooping Scandal Prompts Reaction from GoldmanMay 15, 2013Wall Street firms like Goldman Sachs could look to reduce their reliance on the dominant data and analytics terminal in response to the firms' reporters being allowed to spy on customer data.
Asset Managers and Hedge Funds Face Swaps Clearing DeadlineMay 14, 2013Buy 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.
New Regulations Rank as Top Risk — DTCC SurveyMay 10, 201382 percent of financial firms responding to a DTCC survey ranked new regulations and the time and resources required to implement new regulations as a top 10 risk facing the industry.
DataArt Launches Free Form PF Software for Hedge FundsMay 09, 2013As an alternative to licensing expensive software, DataArt is offering free Form PF software that simplifies the implementation of automated filings for hedge funds/investment advisers.
60 Percent of Derivatives Users Unprepared for Dodd Frank and EMIR —StudyMay 08, 2013The vast majority of corporate end users of derivatives are underprepared for compliance with both rule sets due to regulatory uncertainty, over cross-border swaps, according to a survey by Chatham Financial.
