In this guest commentary, RegOne solutions' David Weisberger examines one executive's proposal that exchanges have an exclusive listing of small cap stocks and if it's a good idea?
Are you trading more foreign exchange now than two years ago?
- Yes - a little bit
- Yes - a lot more
- So much that I should sit on the FX desk
August 4, 2015 – As the head and only trader for LA's Gratia Capital, Ed Nebens calls the shots.
August 4, 2015 – Hong Kongs financial regulator fined BNP Paribas SAs local unit HK$15 million ($1.9 million) for breaching rules that set out how its dark pool should operate.
August 4, 2015 – Chinese regulators restricted short selling of stocks, freezing out day traders, in their latest step aimed at stabilizing the worlds second-largest equity market.
August 4, 2015 – Citadel Securities, the trading firm started by Ken Griffin, owns one of the 38 accounts frozen by Chinese exchanges as authorities investigate whether algorithmic traders are disrupting the nations stock market
August 3, 2015 – The troubled broker-dealer has named E-Trade veteran Jarett Lilien as interim CEO in the wake of a dark pool scandal that could cost the broker $20.3 million.
August 3, 2015 – EBS BrokerTec, ICAP's electronic foreign exchange hired and named a new executive team to lead its charge into the currency space, while RJO also added a foreign exchange pro to help it build out its business. Also, CBOE promoted an executive to senior business development and more in today's Traders On the Move.
August 3, 2015 – The Chicago Board Options Exchange (CBOE) recently unveiled plans to list options with weekly expirations on the CBOE Volatility Index (VIX Index) beginning Thursday, October 8, 2015.
August 3, 2015 – KCG Holdings Inc. tumbled as much as 12 percent after the broker and market-maker unexpectedly revealed that it lost $19.2 million in the second quarter.
Highlights from the Current Issue
Bitcoin-focused hedge funds must deal with the challenges of long-term investments. And the trading is relentless.
The firms newest algorithm, dubbed Capture, is the latest addition to its growing stable of software designed to help the buyside source liquidity.
In today's Traders On the Move, Texas-based CAPIS hires a senior trader for its fixed income desk, while ex-SEC Chair Mary Shapiro has been elected to the board of the LSE. Also, Jefferies has hired a new head of electronic sales.
Liquidnet, the equity block trading pool, and IEX, the buyside sponsored ATS that wants to help the buyside avoid predatory traders and find the elusive block trade, have joined together to create a new algorithm.
Hong Kong Exchanges & Clearing Ltd. will reintroduce a daily auction to set closing stock prices and impose temporary price controls to limit extreme share moves.
Like a phoenix rising from the ashes of its former self, KCG Holdings has rebranded and relaunched its dark pool website and the pool itself.