Recently added articles from Traders:
In this Corner ...(Letter From the Editor)(financial management)(Editorial)
Jun 01, 2009; ... Byline: Michael Scotti Trading is such a dynamic area. Like a good boxer, traders and firms always need to keep their guard up and be aware of advances and change within their industry. After all, who wants to get caught flatfooted in a competitive world? At Traders Magazine, ...
Uptick Controversy: SEC's Short-Selling Decision Nears.(Rules & Regs)
Jun 01, 2009 ... Byline: Nina Mehta In two weeks, the comment period covering the Securities and Exchange Commission's proposal to reintroduce restrictions around short selling will end. The SEC, as part of a rewrite of Regulation SHO, sought input from the industry, issuers and the general ...
Short Sales: SEC Expected to Rule on Fails.(Rules & Regs)
Jun 01, 2009 ... Byline: Nina Mehta The Securities and Exchange Commission is expected to make permanent an emergency order it instituted last September to reduce naked short selling. The temporary rule, known as Rule 204T, was put in place when markets were in free fall and investors blamed ...
Options: Exchanges Ready New Linkage Plan.(Rules & Regs)
Jun 01, 2009 ... Byline: Peter Chapman The country's options exchanges are set to scrap their centralized order-routing system and replace it with a collection of individual, private linkages this summer. The new routing setup incorporates Regulation NMS-type rules and promises to ...
Two Birds One Stone.(Cover Story)
Jun 01, 2009 ... Byline: James Ramage Kill two birds with one stone. That's the pitch from some of the industry's top suppliers of algorithms to those looking to trade more than one asset class simultaneously. In a relatively new development, a handful of major brokers have developed algorithms ...
After Blowup Comes Happy Ending.(Feature)
Jun 01, 2009; ... Byline: Michael Scotti In early March, the picture didn't look promising for Rich Parker and his veteran equity sales and trading team. Only weeks earlier, they had experienced the shock of their lives when regulators shuttered their firm, the Stanford Group Co., and put it into ...
Integrating Low-Touch Trading Desks.(Feature)
Jun 01, 2009 ... Byline: Nina Mehta In the wake of Bank of America's 11th-hour acquisition of Merrill Lynch last Sept. 15, the combined firm managed to merge its two equities electronic trading groups without big drama. Merrill handily got the lead role in the combination. "Merrill ...
Tech Notes.(Tech Notes)(Electronic RFQs)
Jun 01, 2009 ... Byline: Editorial Staff Electronic RFQs for Options Eliminate the Phone Bloomberg's buyside customers in the U.S. equities options space can now get quotes without hanging on the telephone. By using a new feature of Bloomberg Tradebook's instant messaging technology, ...
A Trader's Next Step.(Buyside Snapshot)
Jun 01, 2009 ... Byline: Michael Scotti The market run-up of April into early May was good news for Peter Cocuzza, an equity trading veteran of 28 years. A rising market typically means more trading volume, and for someone looking for work, as Cocuzza is, that's a godsend. "I'm starting to get ...
Options: BOX to Target Large-Lot Trades.(Inside Trading)
Jun 01, 2009 ... Byline: Peter Chapman The Boston Options Exchange, as part of a push by options exchanges to cater to the needs of large lot traders, is adding block trading to its mix. The move comes as institutions bypass the exchanges and conduct more of their business in the ...
Blocks: Pipeline Buys 3D Markets for Options.(Inside Trading)
Jun 01, 2009 ... Byline: Nina Mehta Pipeline Financial Group, which operates a block crossing platform for equities, expanded into options when it acquired 3D Markets, a two-year-old company that offers block trading for options investors. Pipeline expects the addition of 3D's ...
Canada: Omega ATS to Move to a Flat Fee.(Inside Trading)
Jun 01, 2009; ... Byline: Nina Mehta A fledgling Canadian ATS is looking to rock the exchange-pricing boat with a radical new fee schedule beginning next month. Omega ATS, currently Canada's smallest displayed market, hopes to gain traction against a field long dominated by the Toronto Stock ...
Brokerage: Hudson Expands Institutional Reach.(Inside Trading)
Jun 01, 2009; ... Byline: James Ramage Hudson Securities, which built its business as a wholesaler, is looking to make inroads into the institutional agency trading space. The Jersey City, N.J.-based firm added seven new sales traders from Schonfeld IBS to the 13 already there, and ...
Options: Nasdaq Philly Moves To INET Platform.(Inside Trading)(Conference notes)
Jun 01, 2009 ... Byline: Peter Chapman Nasdaq OMX PHLX announced plans to roll out a rebuilt options trading system by late May. The former Philadelphia Stock Exchange will use Nasdaq's INET architecture as the framework. The INET technology will give the PHLX "scalability," Tom Wittman, Nasdaq ...
Pricing: ISE's Free Ride on ETFs and Indexes.(Inside Trading)
Jun 01, 2009 ... Byline: Nina Mehta The International Securities Exchange, in a pre-emptive move to protect its market share, last month eliminated its customer fees for options on exchange-traded funds and indexes. The exchange is doing this to compete more aggressively for flow in an ...
Word for Word.(Word for Word)(usage of real time system)
Jun 01, 2009 ... Byline: Editorial Staff John Coulter is vice president in charge of corporate strategy at Vhayu Technologies. The vendor recently added real-time transaction-cost analysis to its Velocity tick database. On the progression to real-time TCA- We have about a ...
On The Move.(On The Move)
Jun 01, 2009 ... Byline: Editorial Staff Don Cottage joined Bridgeport, Conn.-based AltruShare Securities as a managing director of sales. Cottage, a 21-year veteran, spent his last five years as a managing director of sales at Pipeline Trading. There, he worked on the system's launch. At ...
Split over Short-Sale Rules.(Buyside Snapshot)
May 01, 2009 ... Byline: Peter Chapman Buyside traders disagree over the need for new short sale rules. In a survey conducted by Traders Magazine 80 percent of the traders from traditional money managers voted in favor of new short sale regulations. Only 39 percent of traders from hedge funds ...
Crossing: Liquidnet to Sellside: Send Blocks.(Inside Trading)
May 01, 2009 ... Byline: Nina Mehta Liquidnet, the buyside-only dark pool that has built a business crossing blocks, is expanding its line-up of execution services. Recently, some brokers gained the ability to send block orders into Liquidnet H2O, a sister pool integrated with Liquidnet, ...
Uptick Redux; Industry Braces for Intrusive Short-Sale Regulation.(Cover Story)
May 01, 2009 ... Byline: Peter Chapman Something needs to be done. That's the sentiment these days in Washington and on Wall Street when it comes to short selling. Last year's market rout scared the bejesus out of hardened traders and politicians alike. Most accept that the plunge ...