bloomberg-etf-rfq-marketsmuse

Bloomberg ETF RFQ Tool For Blocks: A Blockbuster

Bloomberg LP's agency broker Bloomberg Tradebook is continuing to grab market share in the ETF execution space thanks to introducing a blockbuster approach that has proven to work across a universe of hard-to-trade financial instruments: RFQ ("Request For Quote"). The "Bloomberg ETF RFQ" tool, which, according to a statement issued by Bloomberg…Read More

10 May, 2016
buy-side-set-it-forget-it

Buy-Side Says: Don’t Just Set It and Forget It

Cheryl Cargie, head trader at buy-side fund manager Ariel Investments in Chicago, said that while the buy side is looking for more from its sales trader coverage, it depends on whether a buy side trader is representing a passive or active strategy. For a veteran with over 20 years in…Read More

4 May, 2016
sec-audit-system-catch-me-if-you-can-marketsmuse

SEC Proposes System to Catch Market Manipulators

In effort to thwart the "Catch Me If You Can" crowd, the SEC has proposed a new audit system that will purportedly allow regulators to track every bid and offer submitted to stock and options exchanges in effort to catch market manipulators. (WSJ)--U.S. market regulators on Wednesday proposed a massive data repository…Read More

28 April, 2016
high-frequency-traders-UST-market

UST Trading Invaded by HFT Firms

The high-frequency arms race, aka "Battle Between Wall Street-style Transformers" has extended to trading in USTs and HFT firms are invading the US Treasury market, according to latest from BusinessInsider.. (BusinessInsider)-High-frequency traders have taken over the market for US Treasuries, and a bunch of market participants say they're alarmed by the…Read More

25 April, 2016
openbondx-maker-taker-rebate

e-Bond ATS “OpenBondX” Promotes Maker-Taker Rebates

Start-up corporate bond trading system OpenBondX is hoping to pull a rabbit out of its hat and jump start activity by emulating what the universe of equities-centric electronic exchanges and ATS platforms do in order to attract order flow to their respective venues: pay broker-dealers for orders given to them…Read More

21 April, 2016
nyse-sharp-elbows-iex-marketsmuse

NYSE Uses Sharp Elbows to Box Out IEX; Hijacks…

The electronic exchange playing field is not for boy scouts. All is fair in love and war. That's the message NYSE is sending to upstart "Investors Exchange" aka IEX, as the world's most formidable financial market trading platform is simultaneously lobbying SEC regulators to block IEX's application to be designated…Read More

11 April, 2016
esg-investments-marketsmuse

Fintech 201: ESG Investing with Algos

If you are into fintech, that means you 'get the joke' when it comes to using algorithms aka "algos" and for institutional investors having an ax with regard to environmental, social and governance factors (commonly known as ESG investing), Arabesque Partners, a new player in the fund management space might…Read More

10 April, 2016
BNP-PARIBAS-FINTECH-BLOCKCHAIN-CROWDFUNDING

BNP Paribas Gets Blockchain for Crowdfunding

(RaiseMoney.com)-French broker-dealer BNP Paribas "gets the joke" when it comes to fintech applications for equity crowdfunding and is embracing blockchain technology to advance their vision. A subsidiary of BNP Paribas Group has announced a partnership that will find it leveraging blockchain technology to enable private companies to issue securities via equity…Read More

5 April, 2016
BATS-global-IPO-marketsmuse

BATS Takes 2nd Stab at IPO

The second time is hoping to be a charm for exchange operator BATS Global Markets as it announced a 2nd stab at an IPO, which will be led by Morgan Stanley and Citi and enable an exit for investors that include BAML and Knight Capital. Bats Global Markets announced the…Read More

5 April, 2016
blythe-masters-bitcoin-blockchain

Blockchain Babe Blythe Masters in Repo Deal with DTCC

Blythe Masters, the former grand dame of derivatives for investment bank JP Morgan, who after a less-than-glorious exit from her senior role overseeing credit derivatives for House of Morgan and who reinvented herself as a blockchain babe and leads digital ledger startup Digital Asset Holdings, has proven that every cute…Read More

30 March, 2016
bats-global-etf-

BATS Global is Batty About ETFs-Buys ETF.com

While many people are "koo-koo for Cocoa Puffs", BATS Global is batty about ETFs. On the heels of launching a dedicated electronic exchange platform for ETF products dubbed BATS Marketplace,  BATS Global Markets announced yesterday that is even more batty about ETFs and to prove it, the exchange operator is…Read More

30 March, 2016
nasdaq-buys-ise

NASDAQ To Buy ISE Options Mart

(Bloomberg)-In what merger-arbitrage experts might call a 'take-under', Nasdaq Inc. is paying less than half the price for what ISE traded for in its last price setting after it agreed to buy Deutsche Boerse AG’s International Securities Exchange for $1.1 billion, catapulting it to the top of the U.S. options…Read More

10 March, 2016
rebate-schemes-market-structure-marketsmuse

Pay-to-Play Rebate Schemes Confuse Smartest Traders

Within the context of market structure, the ever-evolving rules of the road for those attempting to navigate how and where to secure best pricing when executing equities orders has become so convoluted thanks to pay-to-play rebate schemes, its not only the curators at MarketsMuse who are scratching their heads, even…Read More

2 March, 2016
fbi-apple-battle

FBI Breaking Its Brand Image In Effort to Break…

James Comey, the former general counsel of global hedge fund Bridgewater Associates and current director of the FBI is, according to thought-leaders across the technology industry, "doing more to break the brand image of the country's top law enforcement agency than it is in doing its job properly" as it…Read More

2 March, 2016
shot-across-bow

Symphony Pact With FlexTrade-Shot Across Bloomberg Bow

Symphony, the Wall Street-backed secure messaging platform first designed to displace Bloomberg LP's most ubiquitous feature and further reduce the Street's dependency and technology costs synonymous with having a Bloomberg terminal, has struck another blow in the bow of Bloomberg's boat thanks to the consortium-owned deal with electronic execution system…Read More

26 February, 2016

TradeWeb Muscles Into ETF Execution Space

Fixed Income trading platform TradeWeb, best known for its dominant role administering OTC government securities trading between global banks and institutional customers is muscling into the world of ETFs. Tradeweb has just launched an electronic over-the-counter marketplace for trading exchange traded funds using a "request-for-quote" aka "RFQ"- based platform that…Read More

3 February, 2016
fintech-blockchain-bonds

Even Blockheads Get Blockchain and Corporate Bond Issuance

MarketsMuse fintech and fixed income curators are both noticing increasing upticks in stories relating to the use of blockchain technology specifically for use within the corporate bond issuance process. We might have been one of the first to focus on this application despite the early stage push back from IT…Read More

21 January, 2016
cboe overhaul

Options Mart’s CBOE To Make Major Overhaul

(MarketsMedia : not to be confused with Madmen Media, owner of MarketsMuse.com)- In order to keep up with the demands of today’s high-volume electronic markets and leverage their fintech muscles, the Chicago Board Options Exchange, the top options mart player plans to migrate its CBOE and C2 options markets as…Read More

14 January, 2016