Differences Between Dark and Lit Trading
Distinguishing between "dark and lit" trading venues in strategy discussions must consider the order size because small trades parsed algorithmically across venues have a different impact on information leakage than block trades.
Spreadsheet Risk – Should We Ban Excel?
Apparent errors in an influential economic study by two Harvard Professors due to an Excel spreadsheet mistake is another reminder of the operational risks inherent in relying upon formulae hidden in obscure, nestled spreadsheets.
Can Group Finance and Risk Management Get Along?
There is renewed move to integrate finance and risk data at sell-side firms for cash optimization and, equally as important, transparency. So how can you get these two groups to cooperate to achieve a unified view?
Infrastructure as a Service: Ignorance is not Bliss
We asked respondents how their firm determines total cost of ownership (TCO) for their current infrastructure. Of the two-thirds who have no capability to determine TCO, my favorite response from them was, "Huh?"
FlexTrade Integrates EMS with OneMarketData
The integration with OneMarketData's single solution for complex event processing and tick data will enable users of FlexTrade's EMS to develop strategies based on real-time and historical data.
Bloomberg Unveils New Version of iPad App
A revised edition of Bloomberg Anywhere for iPad debuted today which includes access to Instant Bloomberg, advanced mobile charting and industry-specific dashboards.
So You Want to be a Billionaire?
Founders of iBillionaire are offering a free mobile app to track the equity holdings of Warren Buffet and hedge titans like David Tepper based pulling data from their SEC filings. But, is this misleading the masses?
MLK Embeds Risk Analytics from Portfolio Science
Hedge funds using MLK Solutions's data warehouse can access a customizable suite of integrated risk calculations from PortfolioScience across funds, portfolios, sub-portfolios, and individual positions.
Nasdaq, CME Building Superfast HFT Link
High-speed traders are going to see new boost in their market information rates thanks to a straight line of microwave towers between CME’s datacenter in Illinois and Nasdaq’s in New Jersey.
Nasdaq OMX Enhances UltraFeed
Nasdaq OMX's UltraFeed now includes U.S. equity market depth data from Nasdaq, NYSE Euronext, Direct Edge and BATS exchanges combined into a single feed. .
Nasdaq's eSpeed Acquisition Gets Pro and Con Reactions
The exchange operator's plans to acquire the electronic trading platform for U.S. Treasury bonds and notes raised concerns with analysts at credit rating agencies. But the move will also diversify Nasdaq away from stocks into fixed income products.
Bloomberg PolarLake Adds Fitch Credit Ratings Data
Adding Fitch Data to Bloomberg PolarkLake's Enterprise Data Management Solution will give financial institutions an independent view of long-term credit risk to support risk management and regulatory reporting.
A Flight to Safety: Making Sense of Markets
US equity markets soared to new highs in March, while the conflict in Cyprus raised concerns that led investors to flee the eurozone and seek safety in US credit and debt markets, writes Michael Levas,, CEO of Olympian Capital Management.
How To Play The Scale Game Successfully
As permanent and profound changes to the trading environment affect market participants, firms’ ability to scale effectively will increasingly depend on a changing and more intelligent relationship with technology.