In a letter to the Securities and Exchange Commission, the trade association representing the securities industry called the Securities Information Processors (SIPs) that collect and disseminate market data outdated and called for them to be revamped.
For many buy-side players, dark pools were an important piece of the trading tapestry, a respite in some ways to the perceived predatory practices of high frequency traders. To be sure, even as the...
Societe Generale is going live this month with a new trading system on its Paris trading floor that includes new turrets and recording services on a pure IP architecture. The new trading technology in Paris is part of a global trading overhaul by the bank that involves standardizing trading floors around the world on the same platform.
The debate rages about high-frequency trading and whether it serves a useful economic (and societal) purpose. The rhetoric is heated on both sides of the debate. But we can all agree that it has...
As the ICE prepares to close on its deal to buy NYSE Euronext, the big question has been whether the derivatives exchange powerhouse will simply jettison the stock exchange operations, which would...
Electronic bond and derivatives trading platform Tradeweb has hired the former chief technology officer of the Chi-X Europe stock exchange to work on its inter-dealer trading platform, Dealerweb. The hire is consistent with Tradeweb's efforts to position itself for the "electronification" of bond trading, according to the Financial News, which broke the story.
UBS is anticipating a surge in trading by institutional money managers in China and will increase electronic trading services to meet expected demand. The firm projects stock trading volumes from institutional investors will more than double in the next five years.
IntercontinentalExchange CEO Jeff Sprecher said that the current environment in the US equities market takes advantage of smaller players. Sprecher made his remarks during a third quarter earnings conference call Tuesday, when he also said he expects ICE's planned acquisition of the New York Stock Exchange to receive its remaining required regulatory approvals within days.
The UK's Financial Conduct Authority has given approval to Aquis Exchange for it to become the second pan-European trading platform currently operating in Europe.The exchange aims to make its mark on the European equities space by introducing different pricing and trading models and by increasing competition in European equities trading.
The old adage that nothing is certain but death and taxes has been attributed to Benjamin Franklin. If Franklin worked in today's financial industry, he might modify that a bit.