Trading & Execution Archive

Morgan Stanley has said it is successfully restoring client access to liquidity eroded by high-frequency competitors following an overhaul of its equity trading infrastructure. read more>

Leading US asset managers are using fewer algorithmic providers than their global counterparts, according to The TRADE's latest annual survey, with almost half using algos for over 40% of their orders. read more>

The sheer number of responses from firms interested in operating the US consolidated audit trail will mean the final recommendation on who should run the new data collection mechanism will be delayed for nine months. read more>

The complexity and diversity associated with US dark pools is becoming a minefield for buy-side traders, raising suspicions on how brokers internalise orders. read more>

A potential two-month delay to the implementation of enhanced circuit breakers designed to combat volatility in US equities will help the industry adjust to the new mechanisms. read more>

Knight Capital took a blow to its finances and reputation in August, but the US broker might boost the market standing of the high-frequency firm that wins the battle to acquire it.   read more>

Access to fragmented bond market liquidity is high on the buy-side’s agenda, as brokers retreat and a new electronic trading landscape for fixed income emerges, according to new research. read more>

How to ‘futurise’ swaps may not be the only lesson that the energy markets have for OTC derivatives market participants, according to US clearers attending last week’s Mondo Visione Exchange Forum in London. read more>

Some futures commission merchants will be forced out of the business by proposed rules on client money released by the Commodity Futures Trading Commission but industry insiders are divided on whether this means less choice for the buy-side. read more>

Despite suggestions that flexibility on trade cancellations would have eased losses suffered Knight Capital following its 1 August glitch, the complexities involved mean it is unlikely to be resolved at a forthcoming regulatory roundtable. read more>