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.
Trust in all dark pools takes a hit as the industry reacts to SEC charges that Pipeline filled the vast majority of customer orders through an affiliated trading entity rather than by matching them against other customer orders, as advertised.
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.
Prosecutors Circling, SAC Hedge Fund May Shut DownMay 21, 2013After 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.
A Letter to Anadarko Regarding Its 'Flash Crash'May 21, 2013In response to shares of Anadarko Petroleum trading as low as a penny last week, Themis Trading raises questions to Anadarko about the stock's rapid descent in the context of the current market structure.
HFT Firms Flood DC with Donor DollarsMay 17, 2013While 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.
EBS Direct is Live with 4 Liquidity ProvidersMay 13, 2013Commerzbank, Goldman Sachs, J.P. Morgan and Morgan Stanley have completed trades on EBS DIrect, a new relationship-based disclosed liquidity service with streaming prices tailored to consumers.
Is Trading Via Microwaves Ready for Prime Time?May 08, 2013As 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?
How Dark Are The European Pools?May 03, 2013Regulation of dark pool trading in Europe is still in progress, with equity investors closely watching actions by the European Commission, European Parliament and the Presidency of the Council of the European Union.
HFTs Chase Speed Despite Risks and RegulationsMay 02, 2013Like an addict chasing the next high while evading their family, the police and reality, high frequency traders are in a similar state of denial.
HFT Debate: Two Experts Square Off On Market StructureMay 01, 2013Professor 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 the Hash Crash: Worrying About the Next GlitchApril 30, 2013After 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.
As Regulators Eye Dark Pools, Canada is in the SpotlightApril 25, 2013In Part II of their series, Capco consultants examine Canada’s new rules on dark pools, comparing the similarities and differences in the way that dark pools are regulated in Canada versus the United States.
Paving the Way for European Regulatory Reform: An Evolution in Electronic Fixed IncomeApril 24, 2013There is no doubt that the regulatory reforms under way will change the way European market participants trade fixed income. Forward-thinking market participants should prepare for requirements relating to clearing, trade reporting, transparency, and regulation of trading venues, and certainly a move towards electronic trading.
How Dark Are The Pools?April 23, 2013Dark pools provide an avenue for large institutional investors to trade anonymously with minimal market impact and can help operators improve pricing and reduce transaction costs for clients, but they are not exempt from regulatory concerns.
Of Frogs, Boiling Water, Market Structure and TradingApril 17, 2013The sense that inertia and incrementalism are the only approaches to solving market inertia does not necessarily have to be the case. What may be required is a systemic review of market structure itself.
