Europe’s Post-Trade Battle: Efforts gear up to ease cross-border trading :: Nina Mehta

Traders Online: The stock dealers and institutional traders complete interactive news and information service of Traders Magazine
Currently, every European country has a central securities depository (CSD) for settling trades. And most have their own central counterparty (CCP) or clearinghouse to clear domestic trades. Within a country, these organizations are often tied-by rules, regulatory fiat or [...]

Balancing Act: High vs. Low

Traders Online: The stock dealers and institutional traders complete interactive news and information service of Traders Magazine
Trading is up and research is down when it comes to the commission spending at the industry’s biggest money managers.
A new study reports the percentage of the average institutional commission dollar attributable to trading is rising in era of [...]

U.S. Algorithm Spending Slows by Advanced Trading

U.S. Algorithm Spending Slows by Advanced Trading
After growing at substantial rates over the last several years, spending on algorithmic applications by the buy side is slowing in the United States. According to research by Datamonitor, buy-side spending in the U.S. on algorithmic trading applications will rise slightly from $442 million in 2007 to $454 million [...]

Technology Crossover Ventures Takes Stake in TradingScreen

Technology Crossover Ventures Takes Stake in TradingScreen
With a portfolio that includes Chicago-based online brokerage thinkorswim as well as block trading platform Liquidnet, risk management systems provider RiskMetrics Group and foreign exchange trading portal FXall, all in New York, TCV has a reputation as a firm with a good eye for companies whose business models have [...]

ATSs May Be Forced To Alter Pricing

Institutional Investor – Article
Alternative trading systems may be forced to cut their prices in response to new cheaper systems like BIDS Trading. BIDS, which launched this summer, charges $0.005 per trade compared to other platforms that offer a fixed price of $0.02 per share, and has been able to amass 30-60 million shares in daily [...]

Utility Dark Pools Start to Take Off

Traders Online: The stock dealers and institutional traders complete interactive news and information service of Traders Magazine
Three dark pools set up as industry utilities offering broker-dealers and their customers low-cost executions are attracting more flow from member firms-and have the executions to prove it.
LeveL and Block Interest Discovery Service, two crossing systems launched this year [...]

New systems put pressure on regional exchanges

Financial News and Information from Financial News Online US
The belief that Regulation National Market Systems, the new US equity trading rules, would give small groups the chance to compete with those the size of the New York Stock Exchange and Nasdaq was dashed when the Boston Equities Exchange closed this month.
Boston Equities Exchange shut after [...]

Dow Jones and RavenPack Collaborate to Deliver Dow Jones News Analytics with API for Customers’ Proprietary Trading Systems

Dow Jones and RavenPack Collaborate to Deliver Dow Jones News Analytics with API for Customers’ Proprietary Trading Systems
Produced in partnership with RavenPack, a leader in computational linguistics, Dow Jones News Analytics provides a unique combination of Dow Jones real-time news and RavenPack’s sentiment data. Now, firms can integrate this data into their automated trading systems [...]

London Exchange Says Year Opens Strongly: Financial News – Yahoo! Finance

London Exchange Says Year Opens Strongly: Financial News – Yahoo! Finance
The London Stock Exchange said Tuesday that the turmoil on financial markets caused by a global credit squeeze had boosted trade on the bourse in recent months and it expected to report very strong first-half results.

New Report Asks: “Complying with MiFID or Reg NMS – Should Firms Build or Buy Solutions?”

Broker-dealers are preparing for upcoming surge in market data. Market data cost reduction is a key priority. Banks are looking to reduce cost burden by selling their own market data. Focus is moving away [...]