Research and high-touch offerings shift with buy-side demand
As priorities for broker selection morph with technological and regulatory change, high-touch offerings and quality of research will become central to buy-side broker choices.
As priorities for broker selection morph with technological and regulatory change, high-touch offerings and quality of research will become central to buy-side broker choices.
A new multilateral trading facility seeking regulatory approval in Europe will meet buy-side needs for OTC derivatives trading, according to its founder and former Chi-X Europe executive, Hirander Misra.
The leading US derivatives regulator will push for new direct market access rules to meet what it sees as a growing need to control market access in the high-frequency age.
Buy-side trading network Liquidnet has appointed Brennan Warble as head of US sales as the firm expands its high-touch, program trading and algo services.
More precise usage of options by US asset managers reflects a less-volatile trading environment and has jumpstarted interest in specific instruments, such as weekly options, an annual report from consultancy Tabb Group has revealed.
A move to increase public reporting of dark pool volumes by US regulators could lead to greater understanding of the execution venues, which would inform key regulatory initiatives.
Complying with Reg SCI could cost a broker-dealer at least US$3 million per year with little benefit to market safety, experts have said.
As market participants adapt to the end of quantitative easing, the loss of effective 0% interest rates, the need to use hedging instruments returns. But will the market ever return to its pre-crash state?
With the Federal Reserve tapering its quantitative easing program based on future economic data, markets can expect some unusual movements in the coming months.
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.