PSX to Re-Launch as ETP Market in May

Courtesy of Tom Steiner-Threlkeld Nasdaq OMX Group said it expects the re-launch of its PSX exchange as an exchange-traded fund marketplace to take place in May. Final approval of the refashioning the “price size exchange” as a “price time” exchange focused on exchange-traded products must come from the Securities and Exchange Commission.…Read More

29 April, 2013

Trading Technology Vendor Touches ETF Space; Game-Change Create/Redeem Widget…

MarketsMuse team picked up on recent news release from broker-neutral OMEX Trading Systems that included a brief mention of a new feature [built by special request] that analyzes whether its cheaper to effect a "create" vs. executing in the ETF cash market, and implements the create through a basket-trade application.…Read More

3 April, 2013

Nasdaq OMX Plan: Convert PSX Exchange to ETF Exchange

Courtesy of Tom-Steinert-Threkeld Nasdaq OMX Group plans to re-launch its PSX exchange as a "better trading venue" for exchange-traded funds, notes and other related products, as early as next month. The exchange will execute trades in all National Market System securities, but will give special incentives to retail and institutional investors to…Read More

12 March, 2013

NYSE Adds #Social-Sentiment to Data Feed–Wacky or Wily?

Courtesy of Laton McCartney at Securities Technology Monitor Editor note: this story is from the Believe It or Nuts aka If you're a twit you should tweet Dept. NYSE Technologies said it will begin distributing sentiment statistics based on social media postings, through its SuperFeed market data service. The statistics,…Read More

14 February, 2013

CBOE Looks to Broaden Appeal of VIX Products

Courtesy of Peter Chapman, Traders Magazine CBOE Holdings, buoyed by the phenomenal success of options and futures contracts based on its Volatility Index, is ratcheting up its efforts to broaden their appeal. “The volatility business is only eight years old, but we see terrific growth,” Ed Tilly, CBOE’s president and…Read More

28 January, 2013

New Kid on the Trading Block Promises Sell Side…

Courtesy of  MarketsMedia A new trading venue, which is set to launch across Europe at the end of the first quarter, claims it will revolutionize how sell-side firms can execute block trades. Called Squawker, the new London-based negotiation venue aims to allow sell-side firms to execute block trades anonymously using…Read More

27 January, 2013

Courtesy of Just 18 months after it shut down its nascent Twitter-based hedge fund, Derwent Capital Markets is back with its new offering—with the launch of what it says is the first social media-influenced trading platform. The new spread-betting platform, called DCM Dealer, which went live from this week,…Read More

16 January, 2013

ICE-NYSE Deal: Derivatives Exchange CEO Gets Icey Response From…

Within the first several days since the  December 20 proposed merger announcement between NYSE Euronext and IntercontinentalExchange  (ICE), there has been no shortage of public responses, comments and of course, a lawsuit opposing the deal (filed last Friday by the New Jersey Carpenters Pension Fund). For those following this deal,…Read More

26 December, 2012

What’s Next for ETF trading?: NASDAQ’s “iNAV pegged order…

The Nasdaq stock market submitted paperwork to regulators proposing fuller use of intraday net asset values (iNAV) in the pricing of equity ETFs, arguing that the integration of such a real-time pricing mechanism will limit the poor trade executions that dog the world of exchange-traded funds. While ETF traders and…Read More

26 October, 2012

Tradeweb to Launch European ETF “Trading Hub” with “RFP”…

Courtesy of Rebecca Hampson The electronic trading platform for exchange-traded funds launched at the end of last month by electronic market place provider, Tradeweb, has been backed by ETF issuer, Source who says that it will create a central hub of liquidity in Europe, which the market currently lacks.…Read More

19 October, 2012

Citi Launches Intelligent Options Algorithms

  Citi has added intelligent options algorithms for U.S. equity options to its suite of advanced electronic trading strategies. The algorithms are intended to provide traders with speed, liquidity and the desired degree of exposure, using Citi’s proprietary smart routing logic, which provides liquidity and price improvement while avoiding information…Read More

7 September, 2012

Knight Seeks Lifeline After $440 Mil Loss : What’s…

Courtesy of Olly Ludwig/IndexUniverse Knight Capital (NYSE: KCG), the biggest ETF market maker in the U.S., is seeking financing after saying that a trading glitch involving its systems on Wednesday that affected 148 stocks will result in a $440 million pre-tax loss. The company’s stock was down 45 percent in…Read More

2 August, 2012

ISE Lifts a Leg: Plans to Introduce Yet Another…

The International Securities Exchange (ISE), the venue that bills itself as the first all-electronics options exchange in the United States will open a second by year’s end. The company has has filed a Form 1 application for a second exchange license with the Securities and Exchange Commission. No details about…Read More

5 July, 2012

Exchanges Duel With Newcomers Over Trading Transparency; Payment for…

  June 26, By Nathaniel Popper MarketsMuse Editor Note: In what might prove to be the catalyst for even greater scrutiny of securities industry practices re market transparency, below extracts of article from front page of NY Times June 26 Business Section i.e. profile "lit" v. "dark" liquidity centers--and the…Read More

27 June, 2012

Junk ETF Bond Volumes Signal Electronic Demand

  by Lisa Abramowicz Trading of exchange-traded funds that focus on junk bonds is soaring while volume in the underlying securities slumps as dwindling dealer holdings prompt investors to seek electronic platforms. Volumes in the two biggest ETFs in June have climbed 22 percent above the six-month average while overall…Read More

17 June, 2012

Fragmentation Harming Market Quality, Warn Traders

Courtesy of MarketsMedia With new trading venues catering to institutional investors ready to enter the fray, market participants say that more fragmentation is not necessarily the solution to cure market imbalances. ‘Fragmentation of the markets is not a good thing for long-term investors,” Manoj Narang, chief executive and founder of…Read More

14 June, 2012

The Pros and Cons of Options Exchange Proliferation ::…

Good op-ed courtesy of TabbForum re: debate about whether having yet more options exchanges makes sense, or is just plain silly. The Pros and Cons of Options Exchange Proliferation :: TabbFORUM - Where Capital Markets Speak.Read More

29 May, 2012

Top RIA’s 20 Top Twitter Feeds for Financial Advisers

Social Media + Financial Services is (so far) an oxymoron. After all, the odds are 10:1 that you're compliance officer will call you a moron if you solicit approval to become socially-engaged in any digital venue. All of that said, the tide always turns, until of course, it comes back…Read More

13 March, 2012