Fears over Volcker impact on buy-side liquidity
Tighter restrictions on proprietary trading may limit asset managers’ ability to execute in certain markets and result in higher costs linked to sell-side compliance.
Tag: Trading & Execution
Liquidnet crosses record block
Institutional dark pool Liquidnet executed its largest ever principal trade in a US-listed security in October, exchanging US$150 million in shares at the touch between two asset managers.
Meeting set for trade-at rule proposal
A meeting to develop a rule to limit off-exchange trading between exchanges and brokers overseen by buy-side trade body the Investment Company Institute is set to take place on 3 December, theTRADEnews.com has learned.
Glitch fears persist despite exchange collaboration
Exchanges working together to combat technology-related errors last week announced a set of solutions two months after meeting with the top securities regulator, but concerns over future glitches remain.
SEC chair eyes “zero tolerance” of trading errors
Securities and Exchange Commission chair Mary Jo White wants to eradicate exchange errors to renew market confidence in the technology-dependent US securities markets.
NYSE block initiative unlikely to alter status quo
The New York Stock Exchange last week filed to launch a block trading segment to execute institutional exchange orders in the dark, but experts suggest it may struggle to shift market share from existing dark venues.
Data shows markets safer despite glitches
Despite recent high-profile glitches, US equity markets have shown resilience in combating market errors, with data showing the number of clearly erroneous trades has significantly dropped.
US market moves against SRO status for exchanges
The industry has witnessed a wholesale shift in its approach to US equity exchanges’ status as self-regulatory organisations in recent weeks, led by the regulator and key participants.
FINRA seeks improved hybrid securities trade reporting
As the popularity of hybrid debt-equity securities continues to grow, the Financial Industry Regulatory Authority plans to make sure that all the trades in these instruments are captured correctly.
SEC eyes possible trade-break rules harmonisation
After their first collective meeting with US Securities and Exchange Commission Chair Mary Jo White on September 15, leaders from the equities and options exchanges, their respective clearing organisations and the Financial Industry Regulatory Authority are examining how to avoid and improve their handling of trading halts and resumptions.