jane-street-corporate-bond-market-maker

Quant-Centric ETF Market-Maker Jane Street Adds Corporate Bond Axe
In ETF News, Fixed Income> By MarketsMuse Curator
Jane Street Capital, the quant-centric proprietary trading firm best known for its dominant role in the ETF marketplace–including its role as a liquidity provider for stocks and options as well as exchange-traded funds to buy-side accounts– has a new arrow in its quiver; making markets in corporate bonds.  The firm disclosed that it is lifted […] Read More

8 April, 2019
tradeweb-ceo-lee-olesky

TradeWeb Cashes In, Broker-Dealer Investors Cash Out via IPO
In Fixed Income, People Profiles, Tech Talk> By MarketsMuse Curator
Bonds and Billions 3.0…Tradeweb Markets, one of the original electronic bond trading pioneers, which first introduced its dealer consortium platform in 1996, proved that patience is a virtue when it comes to monetizing enterprise value. The company raised $1.1billion via its Nasdaq-listed IPO yesterday (NASDAQ:NW). Illustrating investor attraction to owning a piece of the fintech […] Read More

4 April, 2019
HONR-ETF

Hoorah! HONR ETF; ESG is Now the New Normal…
In ETF News, Global Macro Strategy, People Profiles> By MarketsMuse Curator
ETFs $HONR and $VETS advance an intriguing investment thesis: companies that stand up for military veterans outperform their peers. Much like the view that women-led VC firms tend to outperform their male-dominated competitors, the thesis for investing in a culture-centric portfolio of companies is an approach now used by a broad spectrum of leading institutional investors. […] Read More

7 March, 2019
MEMX-larry tabb perspective

MEMX-Do the US Equities Markets Really Need 14 Venues?!
In People Profiles, Tech Talk> By MarketsMuse Curator
For those who missed the MarketsMuse memo from Jan 14, there appears to be yet another exchange coming to the US Equities markets, as if the industry needs one more platform to facilitate trading in publicly-listed stocks. The latest platform, which is still on the whiteboard, is a consortium-based initiative named “Member Exchange”, whose creators […] Read More

24 January, 2019

CNBC Debuts Programming Dedicated to ETFs-Finally!
In ETF News, People Profiles> By MarketsMuse Curator
MarketsMuse coverage of the exchange-traded fund (ETF) industry began nearly ten years ago, and our senior curators have since been scratching their heads as to why CNBC, the retail investors’ most-watched business news network had never created dedicated programming to educate their viewers about ETFs, an asset class that has consistently grown (by as much as […] Read More

24 January, 2019

From The Halls of Montezuma-to the Floors of the…
In Global Macro Strategy, People Profiles> By MarketsMuse Curator
US Marine veteran of Operation Just Cause and Operation Desert Storm and veteran NYSE floor trader enlists with designated market-maker GTS with rank of Global Market Commentator From the USMC to the NYSE, Mark Otto re-defines the phrase ‘veteran’ when considering his pedigree as a highly-decorated former US Marine and the 25 years of financial […] Read More

18 January, 2019
mutiny-nyse-bourse-dmm-create-memx

NYSE Top DMMs Aim to Defect? MEMX To Be…
In Global Macro Strategy, People Profiles, Tech Talk> By MarketsMuse Curator
Something funny happened on the way to the floor of the New York Stock Exchange last week; Citadel Securities and Virtu Financial, two of the three biggest NYSE “Designated Market-Makers” aka “DMM”) –also domain experts in leveraging high-frequency trading technology—and now control trading in nearly 40% of NYSE listed stocks, announced they formed a consortium […] Read More

14 January, 2019
hft-high-frequency-trading-firms-pr-crisis

Stock Price Implosion Puts HFT Firms Under Attack, Again
In ETF News, Global Macro Strategy, Tech Talk> By MarketsMuse Curator
Stock Price Implosion Leads Some to Challenge Current Market Structure; HFT Firms Are Under Attack, Again… Heads Up to High-Frequency Firms: Time to Hire a PR Crisis Manager Again, Call Your Lobbyists, Book Your Plane Tickets to Washington DC. Before “bidding on” to the anti-HFT and anti-ETF remarks circulated by the assortment of market pundits […] Read More

20 December, 2018
Kumaresan Wave Labs electronic trading

Corporate Bond e-Trading: “It’s like déjà vu all over…
In Fixed Income, People Profiles, Tech Talk> By MarketsMuse Curator
The never ending battle to electronify the secondary market for corporate bonds has yet another new entrant that aims to disintermediate corporate debt dealers that ‘control’ the trading in what has morphed from a $2trillion market to a $9 trillion marketplace during the last decade alone. As profiled by CNBC last week, the platform is […] Read More

10 December, 2018
GTS-pact-Mischler-Financial-investment-bank

GTS, NYSE Top DMM Now Joins Forces With Boutique…
In ETF News, Fixed Income, Global Macro Strategy, People Profiles, Tech Talk> By MarketsMuse Curator
Trifecta Month for GTS; NYSE DMM, Quant-Trading Powerhouse and Fin-Tech Think-Tank Now Aligned With Investment Bank Specializing in Primary Debt & Equity Capital Markets GTS, the NYSE’s Top DMM, and one of the global trading market’s leading multi-asset electronic market-makers, is on a strategic deal-making binge. On the heels of GTS co-founder and CEO Ari […] Read More

19 November, 2018
veterans day-marine-corp birthday

Attention! Veterans Day + USMC Birthday Salute to Veteran…
In People Profiles> By MarketsMuse Curator
In Honor of Veterans Day and the USMC 243rd Birthday, MarketsMuse Curators extend our appreciation to all US Military Veterans, Happy 243rd Birthday and Semper Fi to all US Marines, a special salute to the battalion of sell-side broker-dealers owned and operated by Service-Disabled Veterans, and a Special Shout Out to Mischler Financial Group’s “Mischler Marine […] Read More

9 November, 2018
gts-etf-market-maker

NYSE DMM GTS Securities Buys Cantor’s ETF Market-Making Business
In ETF News, People Profiles> By MarketsMuse Curator
Breaking News: GTS Securities, the NYSE’s biggest specialist firm aka Designated Market Maker (“DMM”) and one of the electronic market-making world’s biggest players in the FX and rates markets is now aiming to become the ETF industry’s biggest market-maker the old-fashioned way, by buying into the space. After several months of speculation and rumors of […] Read More

2 November, 2018
marketsmuse-mischler-veterans-day-pledge

This Broker-Dealer Gives Back & Pays Forward
In People Profiles> By MarketsMuse Curator
Broker-Dealer Newport Beach, CA & Stamford, CT – November 1, 2018 — Each year, Mischler Financial Group, Inc. (“Mischler”), the securities industry’s oldest investment bank and institutional brokerage owned and operated by service-disabled veterans, pledges a percentage of the firm’s profits to veteran and service-disabled veteran philanthropies as part of its annual Veterans Day charitable […] Read More

31 October, 2018
class-action-broker-rebate-hft-td-ameritrade

Class Action Lawsuit Aims at TD; Broker Rebates from…
In Tech Talk> By MarketsMuse Curator
Broker Rebates From Exchanges and HFT Firms May Be Securities Fraud, Says Federal Judge Broker Rebates, Payment-for-Order-Flow (“PFOF”) and “Pay-to-Play” have become synonymous with new world order in which exchanges, dark-pool operators and high-frequency trading (“HFT”) firms, (the so-called “flashboys”) dominate the world of stock trading. While many Wall Street geniuses will argue “the genie […] Read More

23 September, 2018
lauren-simmons-nyse-floor-broker-diversity-inclusion

NYSE Floor Broker Lauren Simmons Breaking Records & Glass…
In ETF News, People Profiles> By MarketsMuse Curator
MarketsMuse Curators extend our thanks for the excerpt below, courtesy of Aug 1 feature story by Philly Inquirer Reporter, Erin Arvedlund. Follow Erin on Twitter via   @erinarvedlund  or email  EArvedlund@phillynews.com NYSE Floor Broker Lauren Simmons is breaking records and glass ceilings. She’s the youngest female and only the second African American woman to ever work at the NYSE […] Read More

1 August, 2018

Securities Regulations 3.0 Digital Token Offerings, ICO vs. STO
In Strike Price, Tech Talk> By MarketsMuse Curator
Digital Token Offerings & Securities Regulation: Are you an ICO or STO? (the following is courtesy of Prospectus.com LLC)  A question that is harder to ask than whether asked if your product is butter or margarine. Blockchain token sales (aka initial coin offerings or “ICOs”) reportedly topped $5 billion in 2017, with approximately $1 billion […] Read More

6 July, 2018
ETF-XLC-WallachBeth-McCormond

ETF View: What’s Next: Telecom-Media Merge Into XLC
In ETF News, People Profiles> By MarketsMuse Curator
Extra! Extra! XLC is the new ETF that ties telecom and media constituents into one exchange-traded fund! For those with a view towards latest and greatest ETF products, eyes and ears are on the Communications Services Select SPDR Fund (NYSEARCA: XLC) — “it tracks the Communication Services Select Sector Index and “seeks to provide precise exposure to […] Read More

3 July, 2018
phil-allison-morgan-stanley

Morgan Stanley Ratchets Up Electronic Bond Trading Team
In Fixed Income, People Profiles, Tech Talk> By MarketsMuse Curator
Morgan Stanley Raises Its Hand and Appoints e-Trading Veteran to lead investment bank’s scheme for the Electronification of Fixed Income Markets. Electronic bond trading has long been a holy grail for certain folks in and around Wall Street. On the one hand, reducing head count and mitigating dependence on high-paid sales people as opposed to ‘electronifying’ the […] Read More

25 June, 2018