The recent spat between Credit Suisse and NYSE Euronext generated headlines , as the heavyweights of broker-owned dark pools and exchange companies went toe-to-toe at a Congressional hearing.
The rise of the new and improved OTC derivatives market might be one of the biggest legacies of Dodd-Frank.
At times, it seems like the vast, interconnected, technology driven market for stocks is becoming unhinged, lapsing into a Wild West environment where the rules mean progressively less.
It's fair to say that regulators have lagged behind the market when it comes to technology. While exchanges and Wall Street firms pushed the envelope in terms of raw speed, with a blinding array...
The shocking news from BATS that it consummated hundreds of thousands of trades over four years at the wrong prices is still reverberating through the industry.
There's been a lot of speculation as to what market structure issues the SEC will choose to take on this year.
If you can't beat them, join them. That seems to be the prevailing sentiment on the part of stock exchanges, as they ponder ways to win back market share from dark pools, especially those operating as internalizing engines for broker dealers.
A 2012 review article by Waterstechnology notes several financial technology trends from the past 12 months.
With trading volume at low ebb, the stakes are higher than ever for execution services. Both broker-run venues and traditional exchanges maintain, with good reasons, that the other has some huge...
As Wall Street recovers from Hurricane Sandy, the discussion of the exchanges' decisions to shut the market during the storm has heated up.