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Tag Archives: Keith Ross

PDQ’s Don Ross: Why Speed Kills Equities Markets And How Auctions Can Save Them Feature

The future of stock markets is becoming less about speed and more about trading securities in different environments, particularly auctions. Several exchanges have introduced new auction models aimed at slowing the market down in different ways for different participants, including PDQ Enterprises, which is rolling out its new on-demand auction process for stocks. CODA Markets (Centralized On-Demand Auctions), the wholly-owned broker-dealer entity which was previously named PDQ ATS, will launch the the block trading facility called CODA Block in the next several weeks. John Lothian News Editor-in-Chief Jim Kharouf spoke with Don Ross, who took over as CEO of PDQ…

Let’s Pause a Moment: Keith Ross Talks Dark Pool Rules and IEX Interview,Regulation,Tech / HFT,Video

The addition of high speeds and multiple execution venues has altered the equity market structure in recent years. Now the SEC is weighing in with newly proposed rules on dark pools. Meanwhile, IEX, which rose to fame with Michael Lewis‘ Flash Boys, is trying to move from dark pool to full-fledged exchange. Keith Ross of PDQ Enterprises says transparency is a good thing, and a market pause has its benefits in alternate venues, but as an exchange could create chaos. When the Securities and Exchange Commission published its Regulation National Market System (Reg NMS) in 2005, only a small fraction of…

Speedy Delivery: Keith Ross on HFT, Reg NMS and Dark Pools Interview,Regulation,Tech / HFT,Video

Today’s financial markets can be summed up in three words – global, fast, and complex. But as the market structure evolves, so must the regulatory structure that oversees it. John Lothian News has spoken with several industry experts to create this series on the evolution of financial market structure. In Part 3, Keith Ross, CEO of PDQ ATS offers his thoughts on high frequency trading, Regulation NMS, maker-taker arrangements, and dark pools. He also expresses concern that the recent furor over HFT may lead to hasty decision making by legislative bodies rather than measured, thoughtful changes overseen by regulatory bodies…