Fixed-income liquidity providers, battling tighter margins, want to execute directly with clients, but are buy-side and tech firms willing to absorb the connectivity costs?
The strategic partnership will involve a three-part integration including system connectivity, combined visualization and the creation of client feedback loops.
Founded with the principles of “transparency and academic rigor,” some say Proof’s model and technical approach is a test case for a new generation of cloud-native broker startups.
In the absence of a consolidated tape for debt securities in the EU, vendors with different approaches to distributing fixed-income market data are emerging.
Aiden, a trading platform launched last year, is the product of five years of experimentation with deep learning by RBC Capital Markets on top of an additional five years of hypothesizing about what best execution would one day require.
Researchers from a Paris university are using the provider’s data and coding environment to build models for more efficient regulatory approaches.
Buy-sider traders remain skeptical of the benefits of algo execution for credit derivatives.
US competing consolidators grapple with pricing uncertainty as SEC, exchanges battle over new Sip regime
Vendors who want to provide consolidated market data under the SEC’s new system can’t make plans until they know how they are going to be charged for market data. But the fee schedules are mired in legal action and confusion.
The share of electronic trading in the market remains low, but a host of factors promise to change that for good.
Asset managers can choose from a range of trade-outsourcing models, but some traders say certain providers’ data-sharing techniques carry greater risk of information leakage.
Budget reallocation may not be the only factor stalling standardization progress, say market participants.
Algorithm development specialist BestEx Research is making a play to address inefficiencies in futures trading algorithms.
The finalized equities market infrastructure reforms will make a difference, but some market participants are calling for additional clarity.
The service would aim to allow buy-side firms to proactively monitor for trading abuse, rather than react after the event.
Market participants say they want a high-quality, centralized source of market data for EU equities. But who and what is it actually for?
Not having specific requirements and procedures for firms to refer to ended up putting some funds in a tough place during the pandemic’s early days.
Anthony looks at what's become of NEX since the CME acquisition, as well as discussions over odd lot reform and S&P's Kensho implementation.
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.
Vendor firm will release enhancements to allocation, pre-trade compliance, and reporting and analytics in September.
Aggregators are facing resistance from venues and attracting the attention of regulators.
Traders should have real-time voice modules in trading systems and the ability to add detailed notes to replicate trading floor experience.
With regulators slow to answer industry questions relating to how a CT should be built and what it's for, development has slowed.
Duncan Wood interviews Tradeweb's Billy Hult about the changing trading landscape.
An examination as to how the buy side is embracing algo wheels and where the challenges still remain.