FierceFinanceIT is a leading source of insider information and updated news on financial technology. Join thousands of industry insiders who get FierceFinanceIT via weekly email. Sign up today!
The big broker dealers are reeling right now. You can forgive them for not wanting to commit their capital in a horrendous market. Bloomberg notes the consequences: Block trades have declined... Read more...
You can't blame the NYSE Euronext and Nasdaq OMX for wanting to compete in the hot European market, where the jockeying is fast and furious. But it's clear that winning in Europe will not be easy.... Read more...
BATS, the Kansas City-based trading upstart, continues to eek out market share. According to Traders, the BATS Exchange reported a matched market share of NYSE, Amex (and Arca) and Nasdaq stocks of... Read more...
As of now, you can execute trades of two stocks via BATS, which filed for exchange status in November 2007, and received approval in August. The Kansas City-based techno pioneer, which matched about... Read more...
The European dark pool derby heads into a new phase with the launch of Nasdaq OMX's multilateral service. It will start by trading 25 stocks in the FTSE 100. By the end of October, it will be trading... Read more...
We've noted that a bruising battle is shaping up among dark pool aspirants in Europe. Turquoise and Chi-X are setting the tone with auspicious beginnings. But the NYSE Euronext, with its hefty... Read more...
The rise of Turquoise and Chi-X has in many ways set Europe up for an even more bruising battle for share volume. They are helping to open up a whole new world of trading across country boundaries.... Read more...
The London Stock Exchange has a lot at stake in the big battle for trading volume in Europe. Technology has really leveled the playing field, so it cannot afford too many technological glitches.... Read more...
The Markets in Financial Instruments Directive (MiFID) fired the starting gun. Now, the great trading race is in full swing. Technology-driven alternative trading venues have begun an assault on... Read more...
Like all other NYSE Euronext floor dwellers, floor brokers have been written off as dinosaurs. They now represent only 6 percent of NYSE volume. But just as their specialist brethren have been given... Read more...