Industry insiders warn that the regulator’s attempts to modernize equities data by redefining trading lots will fall short of the mark if odd lot orders remain unprotected.
Data licensing agreements remain a source of contention for the industry, as suppliers look to differentiate offerings via disruptive pricing structures.
US equity exchanges have pushed back aggressively against an SEC order directing them to submit a revised plan for operating the consolidated tapes of US equities quote and trade data.
NYSE COO Michael Blaugrund looks ahead to a potential reopening of the exchange's iconic New York trading floor, and describes why NYSE believes it's appropriate to reopen the Arca Options floor earlier, and the role of DMMs in reducing volatility.
A summary of some of the past week's financial technology news.
The coronavirus has achieved what decades of competition and automation could not, and has halted trading on the NYSE floor. With no end in sight to the spread of the virus, and with technology now running the show, Max asks whether the floor is likely…
Tier-1 corporate bond dealers are still holding out from contributing their quote and pricing data to the two-year-old platform.
With regulators slow to answer industry questions relating to how a CT should be built and what it's for, development has slowed.
The SEC wants a single consolidated data plan to improve data latency and availability over the current consolidated tapes.
Max Bowie digs deep into how firms are making sure they classify data consumers correctly to avoid paying unnecessary fees.
WatersTechnology examines some of the disillusionment permeating the capital markets when it comes to blockchain.
As regulators and industry bodies ramp up efforts to deploy machine-readable models for derivatives reporting, adoption of industry-wide standards has more than a few challenges to overcome.
As some firms are pushing forward with blockchain projects, others are saying it's not yet ready for prime time.
A look at the massive tech projects (and legal battles) underway at the NYSE, which are being led by Stacey Cunningham.
As European market participants bemoan the lack of a consolidated tape, a senior SEC executive debunks the idea that a pan-European tape, similar to the US, will resolve issues around data access and costs.
UBS Asset Management’s data chief sets out his recommendations for using alternative data in the investment process.
US exchange group receives regulatory nod for Amsterdam operations, and appoints a new head to run the EU entity.
WatersTechnology investigates the torturous journey to create a stock-trading database for the US, and where the project goes from here.
Traditionally, the core of the US market data ecosystem has been the SIP feeds that consolidate data from all US exchanges. But as the cost of exchange data continues to rise, some firms are finding the US consolidated tapes to be a SIP that’s hard to…
An industry initiative to start a new US exchange promises much, but it may struggle to deliver without a clearer purpose.
AlphaPoint hopes that Rathi's experience at exchanges will help it create support for cryptocurrency-linked investment products with broader investor appeal.
For some, the SEC's scrutiny of exchange data fees is scarier than ghouls, goblins and a toddler's Halloween candy-induced sleeplessness.
Montagnino has held a range of compliance and surveillance-related roles at banks and trading firms.