The Clock For Market Structure Change Is Ticking
Capital Markets Outlook 2015: The SEC is conducting a broad review of US equity market structure, but the most important proposals are the tick-size pilot, maker-taker rebates, dark pools, and order routing transparency.
Swap Markets Debate Anonymous Trading in SEFs
Capital Markets Outlook: With more than a year of SEF trading up and running, swap participants are looking at standardized Market Agreed Upon or "MAC" swap products, to fuel anonymous order book trading next year.
Bitcoin: 4 Factors Holding the Banks at Bay
For a number of reasons, major banks haven't seized the opportunity to get involved with bitcoin. Banks like to participate in size, compliance has restrictions, and bosses don't understand it. But these hurdles will be overcome in 2015.
Trad-X SEF Reaches $1T Volume Milestone
Tradition's SEF Trad-X has seen a sharp increase in trading activity since September for USD interest-rate swaps on its central limit order book, citing its hybrid voice and electronic platform as a differentiator.
How Much Does My FX Trading Cost?
The expansion of platforms for trading exacerbates the challenge of understanding where the true market for an instrument stands and how to execute the trade to achieve the lowest total transaction cost.
Moving the Trader Closer to the Investment Process
The sell side can demonstrate more value by applying analytics to pre- and post-trading, and by educating buy-side clients about broker segmentation, trading behavior and algorithm shortcomings, and more.
The UPI, the LEI & Beyond
The organizational mechanisms are in place. Now it's time for the financial industry professionals to provide guidance on a global coding scheme that is fit for all the purposes intended.
Single Dealer Platforms: Are Their Days Numbered?
Today, clients are not really consolidating their trading through preferred single suppliers; they will always hunt for the best price, best service, and most trusted supplier in any given market.
Modernizing Voice Bond Trading
Algomi doesn't take the approach that it can migrate voice trading to electronic flow. Instead, it focuses on how to make voice trading more efficient.
The New Race to Zero
The low-latency trading race is almost over, but the in-memory analytics race is just beginning.
HFT's Death by a Thousand Cuts
It took a while for regulators to catch up with high-frequency traders. Unfortunately for the HFT players, the regulators found their footing in September.
Why Settle for Less in the Front Office?
Recent research shows that sell-side firms are less than satisfied with their order management system (OMS) technology. Many front offices, however, continue to make do with their current solutions. Are they selling themselves short?