Tag: Trading & Execution

BATS sets integration test dates for Direct Edge clients

To help all Direct Edge members meet their mandated recertification of their preferred order-entry protocols for its EDGA and EDGX exchanges, BATS Global Markets has announced four weekends when firms will be able to test their systems with the new matching engine platforms that power the BZX and BYX exchanges.

SEC readies next phase of market structure reform

US Securities and Exchange Commission chair Mary Jo White plans to keep the industry busy thinking about and implementing some of the dozen or so new and on-going initiatives that she announced last week.

Will Fidelity’s new ATS cure the block liquidity blues?

Initiatives such as the planned buy-side only block crossing pool mooted by US giant Fidelity Investments earlier this month reflect the desire of asset managers to make good on their fiduciary responsibility to end-investors, according to Kevin McPartland, principal, market structure and technology at research firm Greenwich Associates.

Attorney General HFT crackdown “too late”

New York Attorney General Eric Schneiderman yesterday restated plans to pursue high-frequency trading firms, but the wider market has long since adapted to low-latency trading, Sang Lee, managing partner with research consultancy Aite Group has said.

SEC’s Piwowar champions collaborative swaps approach

Republican commissioner Michael Piwowar of the Securities and Exchange Commission has called for greater cohesion among international regulators as the top US securities regulator prepares to unveil final swaps rules.

MTS adds to electronic offering with Bonds.com deal

Fixed income trading platform MTS, owned by the London Stock Exchange Group, will have access to hundreds of US clients after agreeing to acquire US corporate bonds platform Bonds.com as it expands its electronic fixed income trading offering.

Big data key to big alpha

The buy-side must harness ‘big data’ to generate alpha in equities investing by identifying trends ahead of the market, presenters at the inaugural Alpha Innovation Required summit concluded.