The TradeTech Daily 2009 Issue 3

The TradeTech Daily 2009 Issue 3

In this issue:

Buy-side hampered by transaction cost paralysis
Heads of desk demand more value from TCA providers

Dark pools at odds with price discovery
Taking liquidity away from the public order book threatens the buy-side’s ability to discover prices, say top investment managers

MiFID remains a work in progress
The benefits of MiFID and electronic trading were under scrutiny during Wednesday’s interactive voting panel discussion

Back to growth in 2011
The rapid policy response to the economic crisis bodes well for a resumption of growth

Greed is not good
While banks are culpable for the financial crisis, having rewarded greed to the detriment of good governance, observed Michael Portillo, guest speaker at TradeTech 2009, political greed meant that the desire to be re-elected clouded the judgement of governments that stood back and allowed unfettered capitalism to flourish

Brokers adapt to buy-side’s ‘broad touch’ needs
Brokers predict consolidation… for MTFs

Tough time for traders despite green shoots of recovery
The opening speakers at TradeTech 2009 delivered a sober assessment of the state of the equity markets and the likely progress towards a more sustainable commercial future for conference delegates

Upturn will reveal full value of MTFs
As the financial industry begins to drag itself out of the mire, the value of alternative venues will become clear, says Artur Fischer, joint-CEO, Equiduct Trading and a panelist on today’s session exploring the future of Europe’s trading platforms

Alpha traders really are different
While hedge fund managers share common concerns with traditional asset managers over issues such as latency, resilience and market access, their expectations of service set them apart

No template for the ideal desk
Effective technology is a sine qua non for a successful trading desk, but there is no perfect solution

SOR winners on the European stage
Has smart order routing made a successful transition to Europe?

Co-location is no guarantee of faster trading
Traders should not assume that simply adopting a particular solution will automatically improve the speed of execution

NYFIX integrates ioinet with FactSet data platform
Combination to ease discovery of block liquidity

French hedge fund chooses NYSE Technologies software
Trading technology unit announces new client at TradeTech

Instinet selects BT Radianz for proximity hosting
Agency broker gains access to Radianz connectivity network

Charles River offers Thomson Reuters data
Integrated approach enriches client data delivery

Pipeline seals deal to acquire 3D Markets
Deal designed to develop block trading of options

Quod upgrades SOR to include real-time market intelligence
Enhanced smart order router unveiled at TradeTech 2009

Charles River offers Thomson Reuters data
Integrated approach enriches client data delivery

Baikal to partner with Fidessa on SOR
LSE dark pool to use CC&G for clearing

MTFs gaining ground on primary exchanges – Cheuvreux
New entrants now control a quarter of European equity trading

BGC Partners to offer BNY ConvergEx execution tools
Deal grants access to BNY’s dark liquidity

Dark pool use to grow despite volume slump – Liquidnet
European buy-side use of dark pools is set to rise sharply

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