NYSE CEO Says "Not Good" while appearing before Senate on the topic of equities market structure and Maker-Taker Rebate Schemes. Bowing to increasing pressure from regulators, law makers and law enforcement officials, Finra, the securities industry "watchdog" has launched its own probe into how retail brokers route customer orders to…Read More
Conflict of Interest is Of Interest to Senate Panel Members "just learning about" industry-rampant Payment For Order Flow Schemes . Market Structure To Be Re-Structured? Excerpts below courtesy of The Wall Street Letter's on the spot coverage of the U.S. Senate investigation of Wall Street's affection for high-frequency trading aka…Read More
Extract below courtesy of WSJ Weekend Edition (May24-25) and reporters Bradley Hope, Telis Demos and Scott Patterson IEX Group Inc., an upstart trading venue that aspires to be a haven from high-frequency trading, wants to become the only stock exchange that isn't dominated by speedy dealers. The firm is in…Read More
A Fund-Company Chief Embraces Technical Analysis MarketsMuse Editor Note: In the course of rifling through the onslaught of today's mid-day trading desk talking points sent to us courtesy of top gun traders at major Wall Street firms, the theme has been ripe with "support levels" i.e. the most followed stocks…Read More
Excerpt courtesy of TABB Forums April 21 submission by Chris Sparrow, CEO of "Market Data Authority" a consultancy that provides guidance within the areas of equities market structure, transaction cost analysis and "best execution." MarketsMuse Editor note: below snippet is a good preview to the most recent "short-form white paper"…Read More
Below excerpt courtesy of Brendan Conway's April 17 Focus on Funds MarketsMuse Editor Note: Brendan's article deserves front page focus, but in the process of publishing this piece, a bigger story has emerged and the internet has been overwhelmed by stories that suggest pro-Putin militants in East Ukraine…Read More
Excerpt below courtesy of Pensions&Investment April 14 edition, story by Christine Williamson Controversy over high-frequency trading, fomented by Michael Lewis' new book, highlights the conflict many chief investment officers experience over the practice. On the one hand, both pension fund executives and their external money managers are grateful that…Read More
Excerpt courtesy of April 15 edition of WSJ and reporters Scott Patterson and Andrew Ackerman. A fee system that is a major source of revenue for exchanges and some high-frequency trading firms is coming under the heightened scrutiny of regulators concerned that market prices are being distorted, according to top…Read More
MarketsMuse Editor Note: Having close on 3 decades "habitating" within the financial industry's sell-side, this greybeard former trader turned opinionator and postulator is certainly fascinated by the spirited debate over "high-frequency trading", not only because most of those arguing for and/or against HFT can only selectively point to lop-sided studies…Read More
Courtesy of Josh Brown, "The Reformed Broker" market pundit for Stocktwit and CNBC MarketsMuse Editor Note: We don't often reference stock jockeys or media pundits, but hats off to Josh for his Mar 13 blog--its timeless! Click the logo to left to visit his blog site Why did the stock…Read More
Extract courtesy of Morningstar/ Abby Woodham reporter "..A well-run index fund is typically characterized by its ability to effectively track its index, lagging only by the amount of its expense ratio. In theory, it should not be possible for an index fund to come any closer to its benchmark's return--but…Read More
Extract courtesy of TradersMagazine / Phil Albinus Although the buyside has been known for its cautious and conservative approach to change and adapting to new market conditions, those days may be over. According to a new study by market research firm Tabb Group, the rate of change within the…Read More
Breaking News..New York, NY Feb 25 Latest Update: 9.45 pm EST At a gala financial industry awards ceremony hosted by Wall Street Letter to recognize the year's top investment banks, institutional brokers and trading technology providers, 300 of the financial industry's senior executives gathered tonight to salute their peers in…Read More
Courtesy of Matthew Samelson, Woodbine Associates The trading environment certainly is more complex than ever before. But the experienced trader – not greater reliance on technology – may be the answer to mastering the markets. Big data, advanced algorithms, and even the threat of high-frequency trading may be distractions that…Read More
Euronext, a wholly owned subsidiary of IntercontinentalExchange Group, has announced the launch of a multi-currency trading service for exchange-traded funds (ETFs), including for the first time on a US or European exchange, the Chinese Yuan Renminbi (CNY) and the Hong Kong Dollar (HKD). The new service will allow international investors…Read More
Wall Street Letter, one of the Industry's must-read publications courtesy of financial media company Pageant Media, just announced its "short list" of finalists in connection with WSL's 3rd Annual institutional trading awards. While the 2014 "best of" categories cover each of the likely specialties (e.g. best agency-broker/options, best brokerage platform,…Read More
(Bloomberg) -- Regulators could stem the migration of U.S. equity trading to dark pools by coordinating a cut in trading fees, an action exchanges are unlikely to take on their own, according to one of the biggest high-frequency firms. Most exchanges are charging traders too much -- 30 cents per…Read More
Courtesy of TABB Contributor Nicholas Colas, ConvergEx Group In the rush to understand what bitcoin is – and isn’t – the public discussion on the topic has gotten a bit muddy. Here are 11 bitcoin myths and the reality under the hype and confusion. MarketsMuse Editor Note: In deference to…Read More