Arca Beats Nasdaq to Dark Pools

Arca Beats Nasdaq to Dark Pools
NYSE Arca beat Nasdaq to the punch. On Wednesday, Arca announced a price improvement and routing service that gives users access to order flow in 29 pools of non-displayed liquidity. Both Arca and Nasdaq have been working on similar initiatives for the past several months, according to executives at both [...]

Speed of Trading Leaves Some Traders Behind

Speed of Trading Leaves Some Traders Behind
The speed of trading is getting so fast that trading in microseconds is expected to soon become a reality. The trend promises to benefit some traders at the expense of others.
With algorithmic traders demanding faster turnaround times, exchanges and ECNs are beefing up their trade processing capacity. Turnarounds under [...]

NYSE-BIDS Joint Venture Reveals Crossing Plans

NYSE-BIDS Joint Venture Reveals Crossing Plans
The New York Stock Exchange’s dark pool joint venture with the parent company of BIDS Trading is expected to be up and running by summer. The planned exchange facility, which requires Securities and Exchange Commission approval, will attempt to match non-displayed blocks sitting in the crossing facility, posted liquidity on [...]

All These Exchanges Have To Merge Someday

Deal Journal – WSJ.com : All These Exchanges Have To Merge Someday
consolidation probably won’t come, for a long time, and to know why you can look to the big investment banks. They are the most powerful players in trading. All orders have to through a broker to get to an exchange, and the big banks [...]

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 [...]