CBOE Looks to Broaden Appeal of VIX Products

Courtesy of Peter Chapman, Traders Magazine CBOE Holdings, buoyed by the phenomenal success of options and futures contracts based on its Volatility Index, is ratcheting up its efforts to broaden their appeal. “The volatility business is only eight years old, but we see terrific growth,” Ed Tilly, CBOE’s president and…Read More

28 January, 2013

New Kid on the Trading Block Promises Sell Side…

Courtesy of  MarketsMedia A new trading venue, which is set to launch across Europe at the end of the first quarter, claims it will revolutionize how sell-side firms can execute block trades. Called Squawker, the new London-based negotiation venue aims to allow sell-side firms to execute block trades anonymously using…Read More

27 January, 2013

Courtesy of MarketsMedia.com Just 18 months after it shut down its nascent Twitter-based hedge fund, Derwent Capital Markets is back with its new offering—with the launch of what it says is the first social media-influenced trading platform. The new spread-betting platform, called DCM Dealer, which went live from this week,…Read More

16 January, 2013

ICE-NYSE Deal: Derivatives Exchange CEO Gets Icey Response From…

Within the first several days since the  December 20 proposed merger announcement between NYSE Euronext and IntercontinentalExchange  (ICE), there has been no shortage of public responses, comments and of course, a lawsuit opposing the deal (filed last Friday by the New Jersey Carpenters Pension Fund). For those following this deal,…Read More

26 December, 2012

What’s Next for ETF trading?: NASDAQ’s “iNAV pegged order…

The Nasdaq stock market submitted paperwork to regulators proposing fuller use of intraday net asset values (iNAV) in the pricing of equity ETFs, arguing that the integration of such a real-time pricing mechanism will limit the poor trade executions that dog the world of exchange-traded funds. While ETF traders and…Read More

26 October, 2012

Tradeweb to Launch European ETF “Trading Hub” with “RFP”…

Courtesy of IndexUniverse.eu Rebecca Hampson The electronic trading platform for exchange-traded funds launched at the end of last month by electronic market place provider, Tradeweb, has been backed by ETF issuer, Source who says that it will create a central hub of liquidity in Europe, which the market currently lacks.…Read More

19 October, 2012

Citi Launches Intelligent Options Algorithms

  Citi has added intelligent options algorithms for U.S. equity options to its suite of advanced electronic trading strategies. The algorithms are intended to provide traders with speed, liquidity and the desired degree of exposure, using Citi’s proprietary smart routing logic, which provides liquidity and price improvement while avoiding information…Read More

7 September, 2012

Knight Seeks Lifeline After $440 Mil Loss : What’s…

Courtesy of Olly Ludwig/IndexUniverse Knight Capital (NYSE: KCG), the biggest ETF market maker in the U.S., is seeking financing after saying that a trading glitch involving its systems on Wednesday that affected 148 stocks will result in a $440 million pre-tax loss. The company’s stock was down 45 percent in…Read More

2 August, 2012

ISE Lifts a Leg: Plans to Introduce Yet Another…

The International Securities Exchange (ISE), the venue that bills itself as the first all-electronics options exchange in the United States will open a second by year’s end. The company has has filed a Form 1 application for a second exchange license with the Securities and Exchange Commission. No details about…Read More

5 July, 2012

Exchanges Duel With Newcomers Over Trading Transparency; Payment for…

  June 26, By Nathaniel Popper MarketsMuse Editor Note: In what might prove to be the catalyst for even greater scrutiny of securities industry practices re market transparency, below extracts of article from front page of NY Times June 26 Business Section i.e. profile "lit" v. "dark" liquidity centers--and the…Read More

27 June, 2012

Junk ETF Bond Volumes Signal Electronic Demand

  by Lisa Abramowicz Trading of exchange-traded funds that focus on junk bonds is soaring while volume in the underlying securities slumps as dwindling dealer holdings prompt investors to seek electronic platforms. Volumes in the two biggest ETFs in June have climbed 22 percent above the six-month average while overall…Read More

17 June, 2012

Fragmentation Harming Market Quality, Warn Traders

Courtesy of MarketsMedia With new trading venues catering to institutional investors ready to enter the fray, market participants say that more fragmentation is not necessarily the solution to cure market imbalances. ‘Fragmentation of the markets is not a good thing for long-term investors,” Manoj Narang, chief executive and founder of…Read More

14 June, 2012

The Pros and Cons of Options Exchange Proliferation ::…

Good op-ed courtesy of TabbForum re: debate about whether having yet more options exchanges makes sense, or is just plain silly. The Pros and Cons of Options Exchange Proliferation :: TabbFORUM - Where Capital Markets Speak.Read More

29 May, 2012

Top RIA’s 20 Top Twitter Feeds for Financial Advisers

Social Media + Financial Services is (so far) an oxymoron. After all, the odds are 10:1 that you're compliance officer will call you a moron if you solicit approval to become socially-engaged in any digital venue. All of that said, the tide always turns, until of course, it comes back…Read More

13 March, 2012

New NASDAQ Fees Targets HFTs

Whether in effort to placate regulators who have put high-frequency traders in their cross-hairs, or simply in effort to increase revenue via new fees, or maybe even in effort to keep competitive, NASDAQ OMX announced that effective June 1, traders on its three exchanges will be charged a fee for…Read More

8 March, 2012

Thomson Reuters Adds Social Media Sentiment Tool

Courtesy of James Armstrong at Traders Mag.. Thomson Reuters announced today it is adding a new social media sentiment analysis feed to its machine-readable news product. The service, which already gives users access to news from Reuters and about 50 third-party services, will now provide information from up to 50,000…Read More

7 March, 2012

Bloomberg LP Touches ETF Hot Button: Where’s the Beef…

[caption id="attachment_372" align="alignleft" width="300" caption="Bloomberg LP's Catherine Cowdery Feb 29 Interview w WallachBeth Capital's Andy McOrmond"][/caption] For those gray-bearded former floor brokers who would gallop into an exchange specialist's trading pit and shout, "I'll buy what's offered on the screen!",  and were often dismayed when the specialist yelled back,  "Go…Read More

1 March, 2012

Social Media ETF: Is this a tipping point

In a Nov 15 story from CNN: the prospects for social media ETF “SOCL” were pretty much slammed. “NEW YORK (CNNMoney) — A social media exchange-traded fund has made its debut, but experts say to hold off before you “like” and “+1″ it to share it with all of your…Read More

29 February, 2012