sponsored access news from FierceFinanceIT

In the wake of the SEC's (SEC news) proposed rule that would essentially ban naked access, the debate about the practice has heated up. Many in the industry remain dead set against the practice and... Read more...

Sponsored access is at its worst when linked to high-frequency trading, but some believe the practice can create conditions for systemic risk in its own right. The Aite Group, an independent research... Read more...

The conventional wisdom as of late has been that the SEC would crack down on so-called naked access or naked sponsored access. The whole idea seemed to fly in the face of reform and market structure... Read more...

We've noted that the combination of high frequency trading and sponsored access--in particular, naked access--could prove to be a volatile mix. If rogue trades or mistaken trades enter the system en... Read more...

Sponsored access, in some ways, has been an even bigger issue than flash orders for much of the year. It may get even more scrutiny now that the flash trades controversy seems to be focusing the... Read more...

"Sponsored access" refers to the growing trend toward broker-dealer exchange or ECN members giving clients--often hedge funds--direct access to that market center. The access can be granted via the... Read more...