Breaking News

Tag Archives: electronic trading

Market Structure: Why You Should Care – Kevin McPartland, Greenwich Associates Feature,MWEd,Mwiki,Video,video

“I’m not a particularly good investor. I don’t know if my own portfolio is set up the way it should be. But I can certainly explain to you exactly how an equity trade comes from a pension fund and makes its way all the way down through the market and settles and all the other pipes and plumbing that come with it.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Kevin McPartland, managing director, market structure and technology with Greenwich Associates, takes a step back from the minutiae of markets to talk about the big…

Electronic Trading Adoption and Crypto Parallels – Richard Sandor, AFX Feature,Mwiki,Video,video

“Sometimes these exogenous shocks force us to look at things that we do in a different way.” The financial industry has adapted to new technologies before, but AFX CEO and Chairman Richard Sandor believes blockchain will gain traction in financial services much quicker than electronic trading did. In this video from JLN’s annual series with industry leaders, Sandor talks about why he is a “buyer” of the crypto ecosystem.  

ABN AMRO Loves Fidessa Blog,Commentary,Fintech,Mwiki,Tech / HFT

The romance between ABN AMRO Clearing (ACC) and Fidessa is a strategic and growth-oriented one and the relationship is driven by James Fairweather. James Fairweather is the global head of execution services at ACC. He is driving this installation and rollout of Fidessa’s systems at ABN. ABN AMRO Clearing is hoping to expand beyond active traders into services for corporate clients and even prime broker services, and Fairweather said Fidessa’s platform is the right fit for the job. “The breadth of technology was better with Fidessa,” Fairweather said on Monday from London in a telephone interview. He noted Fidessa has previously…

Sun Trading up for sale; Plight of Deutsche Boerse’s Kengeter; MiFID negotiations John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Resumes from students interested in the MarketsWiki Education Recruiting event on October 16 are starting to flow to us. If you know of a student who may be interested in an internship opportunity in the industry, please direct them to www.marketswikieducation.com. Look for the “Send Us Your Resume” link in the upper right. Our sponsors for the event so far include CBOE, Geneva Trading, OCC, ED&F Man Capital Markets, Fidessa and NFA.~JJL Students attending our MarketsWiki Education Recruiting event can get a FREE studio quality photo taken at the event, courtesy of…

Bill Harts, Modern Markets Initiative – How a Small Group of Traders Improved Markets for All Feature,MarketsWiki Education,MWEd,Regulation,Tech / HFT

“The most liquid stocks in the world used to trade at a minimum spread of one-eighth, but was quite often trading at a quarter spread. If you were an average retail investor buying 100 shares, you would have been paying an extra $25 for that stock, just in terms of the spread costs. Today, that quarter spread is less than a penny.” The 2014 release of Michael Lewis’ book “Flash Boys” unleashed widespread criticism of the automated trading community amid Lewis’ assertion that markets are “rigged” against small investors. According to Bill Harts, CEO of the Modern Markets Initiative, nothing…

Nils-Robert Persson, Cinnober Financial Technology – How to Manage a Challenge Video

“You should be prepared to walk on thin ice. It’s not dangerous if you know what you are doing.” Thirty years ago, Nils-Robert Persson left a job at communications software giant Ericsson to join the financial technology space, where he has been ever since. Back then, when one made a trade, it was a cumbersome process that involved many hands over several hours, and bank settlement took three to five days. Now, that same trade can be placed on a fifth-generation Ericsson smartphone and be matched in 100 microseconds… and bank settlement still takes three to five days. Persson says…

Dear CFTC: Give Us 90 Days Blog,Commentary,Tech / HFT

CFTC

Some representatives from the CME Group trading floor at the Chicago Board of Trade don’t believe they are being heard by exchange leaders or regulators. More importantly, they don’t believe the interests of their customers are being heard. To rectify that, they are asking the U.S. Commodity Futures Trading Commission to delay the closing of the pits and to conduct a 90-day public comment period for the rule change the CME Group seeks to allow closure of the futures trading pits. The issue they are concerned about is something called “user-defined spreads.” There are customers across various trading pits and…

Stefani Sandow, product manager, Trading Technologies – What Vitruvius Can Teach Us About Software Development Tech / HFT,Video

“If you’re interested in getting into financial software, you should remember Vitruvius. You should create software that is solid, that is useful, that is delightful.” Stefani Sandow, product manager at Trading Technologies, shows the relationship between the Roman architect Vitruvius and software development. She discusses three key concepts of Vitruvius’s teachings, Firmitas, Utilitas and Venustas, which translates to Solid, Useful and Delightful. Sandow stresses the importance of the user experience and how developers should be paying close attention to the design and interface of the software as well as its functionality. Finally, Sandow concludes by discussing the future of trading…

Steve Brodsky, CEO, Spot Trading – My LIFFE: Markets Then and Now Tech / HFT,Video

“I know this is the most dynamic industry out there…the creative renewal in this industry is like no other.” During a time when LIFFE was battling for the Bund futures contract, Steve Brodsky, CEO of Spot Trading, remembered sitting in a meeting with Deutsche Börse and talking about how electronic trading was going to become a game changer for the marketplace. Those in the meeting proceeded to laugh. Today, electronic trading has become dominant in the financial industry, and the way futures contracts were traded changed significantly. Brodsky highlights the rise of electronic trading, from its unsure beginnings to today’s…