Best execution
Transaction monitoring: driving efficiency in real-time trading
The dire effects of the recession on certain financial services firms has forced CIOs and other IT managers to examine new technologies that could improve online transactional efficiencies across all aspects of the business. As early adopters of…
Can HFTs Flourish in FX?
After attending an industry gathering focused on high-frequency trading in foreign exchange (FX), co-hosted by Icap and high-frequency trading incubator Trade Cross Connects, the various panel conversations left me wondering whether high-frequency…
New Year Brings New Risk Management for BNY ConvergEx
In the past few quarters, agency brokerage BNY ConvergEx has seen explosive growth through a number of strategic acquisitions, namely the Nyfix Millennium crossing network. It has also stepped into the role of technology provider with its development of…
Which Came First: Regulation or Fragmentation?
The Securities and Exchange Commission last week began investigating US equity market structure to determine whether the evolution of trading and related technologies such as high-frequency strategies and co-location disadvantages retail investors.
Filet Stakes Claim on London
Low-latency data and trading technology vendor QuantHouse certainly has its roots in Paris, France, but has recently made inroads into the UK market via its partnership with the London Stock Exchange Group. Inside Market Data speaks to QuantHouse's…
2010: A Market Data Odyssey
With trading firms expected to loosen their purse strings slightly in 2010, data providers anticipate demand for analytics and risk management tools, historical data for building accurate models, and technologies originating in social media to plot…
Alpha Trading Implements Market Data Fees
Alpha Trading Systems last week began charging fees for market data generated by quoting and trading activity on the Canadian alternative trading system’s market, based on the value of its data as it gains market share in stocks listed on the Toronto…
'More, Faster, Cheaper' to Dominate FX in 2010
Over the past year, the foreign exchange (FX) industry has seen the continual stretch to be the fastest price maker, the unrelenting onslaught of ticket volumes, the shifting sands of ECN rules, the rise of algorithmic execution the ever increasing ranks…
Navigating the European Markets in 2010
As 2010 sets to unwind, market participants continue to face the challenges of finding liquidity and achieving best execution in a fragmented marketplace. DWT sits down with Michael Krogmann, Executive Director, Head of Sales, Xetra Market Development…
IT’s Moment to Shine
Technology Awards (AFTAs)
A New World Order
Cover Story
Relying on Regulation
While cost cutting was an overriding theme in the data management industry in 2009, the improved economic environment now means value-adding projects to help manage risk and meet regulatory requirements are back on the agenda. Inside Reference Data…
Speculators in the crosshairs
The Commodity Futures Trading Commission (CFTC) is considering implementing position limits for buy-side players trading energy products, potentially restricting the number of positions traders can take on futures exchanges. Stewart Eisenhart reports
Dabbling in the dark
Dark pools started to appear as early as a decade ago in the US market, but it has only been over the course of the last two years that they have attracted sufficient liquidity – perhaps as much as 12% of US equity orders and 4% in Europe – to make them…
Adapt or die
Smart order routing is not a new phenomenon for buy- and sell-side organisations, but the tools that let firms route trades according to their own specific criteria have evolved significantly over the last two years. Gone are the days when these…
Regulators Take Aim at Flash, High-Frequency Trading
Regulators spent much of early 2009 in the spotlight for failing to spot and halt Ponzi schemes like Bernie Madoff's, but shifted the focus in the latter half of the year to practices surrounding algorithmic and high-frequency trading, to the distress of…
BMO Preps for Regulatory Revamp
As demand for high-frequency trading migrates to Canada, the country's regulators, like their U.S. counterparts, are likely to reconsider the financial industry regulatory framework. These changes, in turn, will require major Canadian firms to re-think…
Credit Suisse Wins Best IT Team
NEW YORK-On a cool and starry Manhattan evening last week, Credit Suisse took home the fifth annual American Financial Technology Award (AFTA) for Best IT Team for its application development and infrastructure teams' Armor Day 2 initiative, which…
CIOs: Lack of Standards, Scale Plague Firms
NEW YORK-Scale, standardization and legacy software are three of the greatest industry challenges identified by CIOs and CTOs who spoke at the recent Waters USA 2009 conference hosted by sibling publication Waters .
Safety in numbers
One isn’t just the loneliest number – it can also be the most dangerous. The traditional ‘single-prime’ hedge fund model, severely tested at the close of 2008, is a case in point, as hedge funds move towards multiple prime broker relationships. By…
A Pocketful of Worries
Open Platform
Come Together
Asia report
Market Insight Requires Agility
Special Report
Negotiating Fragmented Markets
Special Report