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.
With 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.
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.
UBS Chief Executive Paid $9 Mln after RevampMarch 14, 2013UBS drew fire
on Thursday as it announced it paid CEO Sergio Ermotti almost $9
million in 2012 and welcomed a new investment bank chief with a
$26 million package, just as the Swiss bank is in the process of
firing 10,000 staff.
Funds Pick Credit Suisse over UBS on Revamp RisksMarch 12, 2013An overhaul that marks the end
of Swiss bank UBS's big-league investment banking
ambitions is prompting fund managers to switch their cash to
shares in crosstown rival Credit Suisse.
How to Manage "Genius Trader Risk"January 15, 2013After a series of trading blow-ups by rogue traders, meet "the genius trader," who can do even worse damage. With their superior intellect, big egos,and technical expertise, they can easily win over CEOs. But, can risk managers reign them in?
Ex UBS Boss Blames "Mercenaries" for Libor DebacleJanuary 10, 2013The former chief executive
of UBS blamed "mercenaries" for its role in the global
interest-rate rigging scandal that has further undermined the
Swiss bank's once venerable reputation.
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.
Are Algos Phasing Out Humans on Credit Desks?November 09, 2012As Dodd-Frank impacts the cost structure of derivatives trading, dealers are slashing million dollar salaries in favor of building cheaper algorithms.
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.
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.
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.+ Comment
UBS Trader Masked Risk Exposure of $12 BlnOctober 09, 2012Alleged rogue trader Kweku Adoboli
exposed Swiss bank UBS to billions of dollars of
hidden market risk for weeks on end, peaking at nearly $12
billion on Aug. 8 last year, a London court heard on Tuesday.
UBS "Rogue Trader" Put Bank's Survival at Risk: ProsecutorSeptember 14, 2012Former UBS trader
Kweku Adoboli put the Swiss bank's survival at risk through
naked gambling that risked up to $12 billion, cooking the books
and lying to his bosses until his "pyramid of fraud" collapsed,
a British court heard on Friday.
Wall Street’s 9 Worst Bets Ever: From Nick Leeson to JPMorganMay 21, 2012In the wake of JPMorgan’s ill-conceived hedging strategy, which cost the bank its sterling reputation along with $2 billion and counting, Advanced Trading decided to highlight some of Wall Street’s worst bets ever.
