An SEC advisory committee suggested in February that a separate stock exchange aimed at smaller cap companies should be created, one that would feature less onerous regulatory requirements and thus provide an attractive venue for emerging growth companies. It also suggested that participation be limited to accredited investors and institutions.
The small order execution system (SOES) on the Nasdaq gave rise to a new trailblazing form of retail trader -- one who could sit in an office and traffic in the super-wide spreads that once characterized small stocks. The money flowed like milk and honey, giving rise to the modern day-trading industry, which tends to crash and burn whenever the markets shake out.
BTIG hosted its 11th annual "Commissions for Charity Day" for foundations that aid children. Finally something to look at besides Excel! Article ...
Just recently, a lively debate over high-frequency trading was held at Baruch College. It featured Bernard Donefer, a long-time Wall Street executive, and Sal Arnuk, co-founder of Themis Trading and a well-known critic of high-frequency trading.
A few weeks have passed since a bogus tweet from a hijacked Twitter account sent markets in a dive for a few frantic moments. The prank revealed many things about our markets, some of them bad and some rather reassuring.
Watch what happened to Johnson & Johnson stock in half a second last week. Half a second! It would be beautiful if it weren't so scary. Video ...
The fake AP Tweet on April 23 that reverberated through the market has highlighted once again that powerful forces can quickly disrupt the market to a very uncomfortable degree.
A couple of years ago, the notion that Twitter could be used to develop useful sentiment indicators was all the rage. The academic support seemed credible enough, and two entities were formed to make directional bets based on such indicators.
Ultra-fast networks and multiple-computer grids? That's so 2005.
In an effort to become one of the first entities to issue a speed limit on high-frequency trading, foreign exchange market maker EBS may scuttle its "first in, first out" trading, instead opting to bundle orders and deal them in a random order.