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News & Commentary
Content tagged with Exchanges posted in April 2012
Is Buy-Side Order Flow Really Going Dark?
Commentary  |  4/30/2012  | 
In the search for liquidity, the buy side increasingly is turning to dark pools. Or is it?
Buy-Side Traders Find Liquidity in Dark Pools
News  |  4/30/2012  | 
With U.S. equity volumes in the dumps, the buy side increasingly is searching for liquidity in dark pools, stoking fears about a lack of execution transparency in the opaque markets. But buy-side traders are finding value in the dark -- if they know where to look.
NYSE Hit by Weak Trading and Failed Deutsche Boerse Deal
News  |  4/30/2012  | 
NYSE Euronext's profits fell by 44 percent to $87 million in the first quarter due to a slowdown in trading and costs from its failed merger with Deutsche Boerse.
NYSE Tech FIX Expansion Lets Europe, Asia Traders Go Global
News  |  4/27/2012  | 
The technology arm of NYSE Euronext says the move will let overseas traders access global liquidity sources at the same cost of a regional FIX connection.
CME Group Cuts Staff, Plans 'Exit Incentive Plan'
News  |  4/26/2012  | 
CME Group, whose first-quarter profit missed Wall Street expectations, said Thursday it has cut staff and plans more slimming this year as it tries to reduce costs and shore up income.
DRW Teams With CBOE to Build New Class of Futures Contracts
News  |  4/25/2012  | 
The firms said these swap-like contracts will give traders another avenue for navigating volatile markets.
Nasdaq's Profit Slips as Stock, Swap Volume Weakens
News  |  4/25/2012  | 
Nasdaq OMX Group Inc declared its first quarterly dividend on Wednesday, but said first-quarter net earnings declined due in part to lower U.S. trading volumes for stocks and derivatives.
Priority No. 1: Rebuilding Confidence in the Capital Markets
Commentary  |  4/25/2012  | 
As more negative news batters Wall Street's public image further, brokers must realize that something is broken and make the necessary repairs to rebuild confidence in the financial system.
5 Reasons Why One In Every Three U.S. Equities Shares Is Traded In the Dark
Commentary  |  4/25/2012  | 
Tabb Group offers the real reasons why 33 percent of U.S. equities volume is traded off-exchange.
How the Exchanges Are Bouncing Back From Mega-Merger Mega-Flops
News  |  4/25/2012  | 
From the sale of market surveillance systems to forays into the clearing business, the global exchanges are moving on after their best-laid plans for consolidation collapsed.
Celoxica Launches Feed Handlers For Two European Cash Markets
News  |  4/24/2012  | 
Expanding its hardware-accelerated feed handlers, Celoxica will support NYSE Euronext and Xetra cash equity markets, and plans to support the Chi-X user migration to the BATS Europe tech platform.
BATS Software Bug Stings Strategy
News  |  4/24/2012  | 
The market's confidence in financial institutions is low enough without being exacerbated by completely avoidable mistakes.
What On Earth Happened to Trading Volume?
News  |  4/23/2012  | 
Things are worse now than they were after the great crash of 1987 and the dot-com bust of 2000, so how can traders find profits in a low-volume, low-volatility market?
Electronic Trading Blooms in Latin America
Commentary  |  4/23/2012  | 
Brazil, Mexico and Chile have made significant investments in their exchange technology to provide lower latency and higher throughput execution for their participants.
CME Floor Traders Took a Page from Occupy Wall Street
Commentary  |  4/18/2012  | 
The battle between floor brokers and the CME heated up again when ex-chairman Leo Melamed defended the exchange's policies, suggesting that blocks will continue to be matched in the dark.
What's Next For Exchanges After Fizzled Merger Plans?
News  |  4/16/2012  | 
In an interview with Advanced Trading, Tabb Group analyst Adam Sussman spells out what's next for the global exchange industry after their best-laid merger plans were halted by regulators across the world.
With TSX Shaky, Canadian Fund Managers Play Defense
News  |  4/16/2012  | 
With China's massive economy slowing and fresh signs of trouble in Europe, many Canadian fund managers are now favoring defensive stocks over growth-driven sectors such as mining and energy.
Inside BlackRock's Buy-Side Bond Platform
Commentary  |  4/12/2012  | 
Upstart Exchanges Eye Spain, Final EU Frontier
News  |  4/12/2012  | 
Europe's aggressive new low-cost stock markets are set to storm into the only major European market where they still lack a significant share, helped by the collapse of a Spanish bank plan to set up their own rival to the main exchange.
Trading Volumes at Liquidnet Handily Top the Broader Market
News  |  4/11/2012  | 
The dark pool operator said a growing number of U.S. institutional investors are turning to its venues to access liquidity, while volumes sag elsewhere.
Dangers of the Dark?
Commentary  |  4/10/2012  | 
New statistics from Tabb Group raise concerns about more than a third of U.S. equity volume being executed away from the primary exchanges.
Nasdaq Exports Market Surveillance to China
News  |  4/10/2012  | 
The exchange operator said China Merchant Securites is the latest firm to use the SMARTS Broker platform to monitor illegal trading activity by their clients and traders.
Wall Street Tumbles After Weak Jobs Report
News  |  4/9/2012  | 
Major U.S. stock indexes were set to open about 1 percent lower on Monday after last week's much weaker-than-expected report on March U.S. job creation.
Quotes of The Week on The Street
Slideshows  |  4/6/2012  | 
It's been quite a week on the Street. President Obama passes the JOBS Act to help small businesses, Canadian bank RBC refutes the CFTC's accusation that it engaged in hundreds of millions of dollars in illegal futures trades, firms tackle the Volcker Rule head on, and Europe is dragging everyone down. Wall Street & Technology brings you some of the best and brightest quotes from the Street.
Daiwa Launched a Dark Pool with SmartTrade's Technology
News  |  4/5/2012  | 
Japan's No. 2 brokerage house built a dark pool utilizing SmartTrade's smart order routing engine and execution technology, rather than build from scratch.
Did a Rogue Algo Cause BATS IPO Crash?
News  |  4/4/2012  | 
A market data firm traced the crash of BATS' IPO to a single algorithm that executed over 500 times on Nasdaq, driving its price from $15.25 to about two cents in less than a second. 
Did a Rogue Algo Cause BATS IPO Crash?
News  |  4/4/2012  | 
Research by a market data firm has traced the crash of BATS' IPO to a single algorithm that executed over 500 times on Nasdaq, driving its price from $15.25 to about two cents in less than a second.
How to Prepare for Fragmentation in the Brazilian Marketplace
Commentary  |  4/4/2012  | 
Economic indicators suggest that South America's hottest market will soon join the global trend and embrace a multi-market structure with liquidity fragmented across different venues.
NYSE to Open New CFD Derivatives Market
News  |  4/3/2012  | 
NYSE Euronext plans to launch a new electronic retail derivatives market in the first quarter of 2013 with products based on commodities, currency pairs, equities and indexes.


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