Best execution
ATS Operators Wary of SEC Dark Liquidity Proposal
NEW YORK-The U.S. Securities and Exchange Commission's (SEC's) proposals for regulating dark liquidity, if enacted, could significantly change the way trade orders are routed and liquidity is posted, according to executives from alternative trading…
Newedge Rolls Out India Operations
In a global market where all Western firms face challenges in gaining a foothold in Asia and finding the systems needed to do so successfully, multi-asset brokerage firm Newedge -a joint venture of Société Générale and Calyon-recently launched its…
Regulatory Drivers for Real-Time Analytics
Proposed rules for the financial industry will force market participants and regulators to adopt new ways of monitoring and consolidating data across different systems and markets. By Neil McGovern, product marketing director at Sybase
Carbonn's Copy - In Sickness and in Health
This week you'll notice that the weekly Inside Market Data editorial column has a different title and author. That's because editor Max Bowie is in California getting married to none other than IMD 's chief subeditor Elina Patler. The event is certainly…
Smart Order Routing: Adapt or Die
Smart order routing (SOR) has been one of the most significant trading-related developments for both buy- and sell-side organizations over the past three to four years. Gone are the days when issues were listed on a single exchange or just a handful of…
Coming in from the cold
Central clearing has dominated the agenda of credit derivatives dealers this year, even though buy-side firms are yet to gain access to such industry initiatives. But, as Joel Clark reports, this is set to change mid-way through next month if the…
The Coming Crackdown
Asia Report
Waters EuroFIT awards - The Best of Europe
Cover Story
TCA plugs into the front office
The rise of TCA data over the past few years has caused some head scratching among investment managers. How to incorporate this data into a broader investment process beyond a means of evaluating execution quality has proven tricky, although progress in…
SEC shows its hand on dark pool regulation
The US Securities and Exchange Commission has revealed more concrete proposals aimed at increasing transparency within dark liquidity venues, potentially weakening the primary value proposition dark pool providers have brought to capital markets in…
How fast is too fast?
Progress Apama's Giles Nelson speaks to Victor Anderson about high-frequency trading In the US markets, and how this practice is currently polarising opinions on both sides of the Atlantic. He also explains how his firm's technology supports these…
Month in Numbers
"A growing trend in the industry involves managers and traders using pre-trade analysis to not only select algorithms but also as part of the portfolio construction process"
Enlightening the Dark Pools
It was bound to happen eventually-the U.S. Securities and Exchange Commission (SEC) has taken on dark liquidity pool reform ( see story, page 1 ). In a five-to-nothing vote, the regulator has sent a clear message to the industry that things are going to…
Dark Liquidity Pools Come of Age
As dark liquidity pools continue to cause paranoia for retail investors and consternation for regulators, a panel of industry insiders gathered at the Best Execution 2009 conference in New York, hosted by DWT and sibling publication Buy-Side Technology ,…
On Turning Two
There seems to be a Hollywood law that sequels can never be as good as the originals. This rule will be tested with the release of the Michael Douglas film Wall Street 2 , which many on Wall Street witnessed being filmed in the neighborhood last week…
The Next Wave of Algorithmic Trading
Although no one is totally sure what the next generation of trading algorithms will look like, a number of industry insiders expect that they will use complex event processing (CEP) capabilities and support multi-asset trading strategies.
Mapping Out Smart Order Routing
As smart order routers continue to gain in importance for achieving best execution, regulators and buy-side firms are eyeing this sell-side technology in greater detail than ever before. Now regulators and buy-side clients are demanding more transparency…
Examining How to Do More with Less
As the global economy continues to limp along, financial services firms are forced to rationalize their IT investment even more than in the past. However, lower IT investment does not necessarily mean lower-performing trading infrastructures.
Best Execution: Beyond the Numbers
As we approach the end of the decade, it is interesting to reflect on the seismic shifts that have taken place in our industry since the start of the new millennium-a period of change unrivaled in our history.
Alone in the dark
For years, as dark pools proliferated in the US and now take hold in Europe, industry sources have speculated that consolidation among these venues was inevitable. The consensus was that upwards of 40 different venues operating in the US couldn’t all…
Exchanges on the Ascendant
I would like to thank everyone who attended our Best Execution 2009 event in Manhattan last week for making the conference such as roaring success. I would also like to thank our event sponsors who made the free event possible. Also, to our internal team…
A Funny Thing Happened on the Way to Reform
Thomas Peel didn't invent the police force to manage law-abiding citizens, but rather to bring criminals to justice. Thus it's hardly surprising that market participants sometimes feel uncomfortable about the role they are cast in when dealing with…