Profile of Phil AlbinusContributing Editor
Member Since: 5/8/2014
Blog Posts: 440
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal that analyzed the challenges of the CIO for sell side, buy side firms and exchanges. He has moderated countless briefings, webinars and industry panels. He has a Bachelor of Arts in English from the State University of New York at New Paltz and lives with his wife and three children in Ossining, NY. Follow him in Twitter at @philalbinus
Articles by Phil Albinus
posted in March 2012
What a week! Europe double dips, hedge fund managers have big egos, MF Global pleads the Fifth, and everybody is leaving Goldman Sachs. Advanced Trading gathered up the funniest and the most revealing quotes from the capital markets thought leaders. There's a lot of bad news out there, but there are some bright spots. Enjoy.
Following the financial crisis, the Occupy Wall Street protests and the rise of social media companies, some worry that Wall Street has lost its ability to attract the best IT talent.
Thanks to algorithms, quants and high-frequency trading there's no need to have a fleet of trading desks. Having traders stare at screens all day is just for pumping up the ego of the hedge fund owner, says George Michaels of G2 Systems.
Thanks to electronic markets, high-speed trading and intelligent algorithms, today's buy-side trader must evolve to survive.
As the rise of black-box trading has transformed the industry, buy-side traders have had a tough time reinventing themselves. But even in the Age of Algos, there is still plenty of value for the buy-side trader to add.
Say what you will about BATS' humiliating IPO, stock plunge and trading stop last Friday - the exchange operator is owning up to it and answering questions.
They grew up with the Internet and handheld devices but does Generation Y have the right skills to work at your hedge fund or prop shop?
The buy-side trader has come a long way since the days of order forms and fax machines. How has their role changed in this age of algorithmic trading and speedy networks? Advanced Trading interviewed Tim Grant, managing director of fixed income technology provider Benchmark Solutions for his two cents.
After placing traders in investment firms for 25 years, Lou Ricci has seen booms and busts. As partner and co-founder of The Hagan-Ricci Group, a trading headhunting firm with offices in Armonk, NY, Ricci shares his insight on today's job market, the skills traders need these days and if quants are drooling over Google and not Goldman Sachs.
You know it's been a bad week when the mayor of New York City and the man whose name appears on their market data terminals has to stop by the office to cheer everyone up.
As the SEC ponders how to slow down the furious pace of high frequency trading, different ideas have come to light. Advanced Trading spoke with Michael Jenkins, partner in the financial services and strategy practices of A.T. Kearney. Portions of this interview appeared in our March 2012 cover story Slow Down, Algo Trader.
As algos and high-speed networks do the heavy lifting during the trading day, what does the Buy Side Trader do all day? While interviewing sources for the April 2012 cover story Meet the New Trader -- to be posted shortly -- Megan Costello, director of North America Client Services of Fidessa, shared her thoughts.
After years of trading near the speed of light can regulators realistically place a speed limit on high frequency trading? Mark Fickes, a former attorney for the SEC enforcement division and currently with BraunHegey & Borden of San Francisco, weighs in.
Not only are the SEC and a few pols pointing their radar guns at HFT firms, exchanges have them in their sights and the fast times might be over.