Dark pool
TMX launches ATS in US
The move represents the first expansion of the exchange group’s markets business outside of Canada.
Euronext microwave link aims to cut HFT advantage in Europe
Exchange plans to level playing field between prop firms and banks in cash equities with cutting edge tech.
European exchanges turn to dark trading in battle for flow
The EU’s two biggest exchanges are launching dark pools this year. The apparent change in their stances on dark trading reflects a profound shift in equities markets.
Dark horse: Deutsche Börse building dark pool
New functionality allowing exchange members to execute sweep trades comes hot on the heels of European rival Euronext launching its own dark pool.
No big boost to UK dark trading after Brexit
Expected explosion in hidden equity liquidity has failed to materialize
Howson on steering Cboe past potholes and traffic cops
The head of the world’s largest options exchange discusses SEC regulation and SPX appeal.
Cboe migrations give exchange a foothold in Canadian equities
Exchange group looks northward in global expansion drive with completion of three trading system acquisitions
Banks prepare to unleash FX swap bots
BNP Paribas, JP Morgan build execution algos to plug into platforms—but swaps liquidity needs to catch up first
Academics use granular data for futures market predictions
Researchers at NYU’s Courant Institute of Mathematical Sciences are using granular futures data from BMLL for research on less-covered futures markets.
Shaking things up in the dark: Vendors build new tools for dark-pool trading in Asia-Pacific
New conditional order venues could bring more liquidity and sophistication to dark pool trading in the region.
As cybersecurity policy takes shape, are data vendors next in SEC's sights?
New rules target a range of players in the capital markets, from broker-dealers to trading venues, and the agency could be coming for data and analytics vendors and index providers.
SEC sets its sights on fixed-income platforms with Reg ATS revamp
US regulator’s mammoth January proposal has something in it for most US trading systems, but Jo suspects it will be the definitions of exchanges that hit the hardest.
Buy one, get one free: Algos learn to multi-task
For years, brokers have offered suites of algorithms, each geared toward a certain strategy and outcome. Now, firms are compressing these into multifaceted algorithms that can switch between different strategies or markets in response to trading…
Six partners with BMLL for best execution analysis
The Swiss exchange is using the vendor's data and analytics to provide insight to brokers around Swiss EBBO liquidity.
Four years of academic study on HFT yields complicated results
A transatlantic group of researchers has examined a treasure trove of market data to see whether or not high-frequency trading is a necessary component of today’s market structure. The answer is largely ‘yes,’ but with caveats.
Industry Still at Odds Over Use Case for an EU Consolidated Tape
Market participants say they want a high-quality, centralized source of market data for EU equities. But who and what is it actually for?
Waters Wrap: The M&A Market Heats Up (And Some Quantum Computing News)
What do Liquidnet and Trading Technologies (and others) have in common? Anthony explains. He also discusses advancement—and disillusionment—in the quantum space.
IEX Makes Expansion Bid as New Limit Order is Approved
The Investors Exchange is now looking to propose a second new order type for NBBO non-mid liquidity.
EU Consolidated Tape: Support Wanes With Lack of Answers
With regulators slow to answer industry questions relating to how a CT should be built and what it's for, development has slowed.
Wavelength Podcast Episode 165: Roman Ginis on Trade Execution
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.
'Next Act: A Profile of Euronext's Alain Courbebaisse
The last decade has seen Euronext chewed up and spun out following a series of mergers & acquisitions. Once again independent, Courbebaisse is writing the exchange’s IT roadmap.