Instinet takes Wizard to market

Instinet, the New York-based agency broker, has launched Wizard, an arrival price algorithm that sets its trading schedule by balancing a stock's historical and option-implied volatility risk with the estimated market impact and the trader's short-term alpha estimate. Wizard, which is available through Instinet's Newport and Instinet Trading Portal front-ends, allows traders to set limit prices and start and end times for trades, as well as being able to choose between three styles: aggressive

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Firms step up non-compete use to protect tech, data IP

US states are increasingly banning or limiting the use of non-compete contracts, but financial firms are using them more frequently to safeguard proprietary tech and data assets—including the knowledge of the individuals who work on them.

Waters Wrap: Examining ASX’s CHESS do-over

The Australian exchange was the first exchange to be all-in on DLT—and the project failed. Anthony speaks with ASX’s Tim Whiteley to discuss the lessons learned and why he thinks the second attempt will succeed.

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