Early Thoughts On SEC Dark Pool Regulation
The SEC put forth a series of proposals it believes will enhance transparency, reduce asymmetries, and enhance public confidence in the equity markets but discussing these proposals in advance of releasing them in written form has raised significant confusion in the industry.
SEC Drafting Proposals on Sponsored Access, HFT
At SIFMA’s Annual Meeting SEC Chairman Mary Schapiro announced that she has asked her staff to come up with two new market structure proposals focusing on sponsored exchange access and high frequency trading.
Demonizing the Dark
Adam Sussman, TABB Group’s director of research, comments on the SEC and dark pools, specific to today’s SEC open meeting in Washington, DC beginning at 10:00 am ET to consider whether to propose regulatory changes regarding dark pools.
Senator Schumer’s Six Proposals for ATS Regulation
Following yesterday’s press conference call with NYSE chief executive Duncan Neiderauer, Senator Chuck Schumer (D-NY) sent an official letter to SEC Chairman Mary Schapiro with six proposals to regulate alternative trading systems (ATSs) more like traditional exchanges.
Chi-X Europe Launches Chi-Velocity
Chi-X Europe has launched Chi-Velocity, a proximity-hosted risk management software layer co-located next to the Chi-X Europe primary matching engine that enables trading participant firms to offer ultra-low latency sponsored DMA to their clients.
Nomura Releases First U.S. Equity Algos
Continuing the build out of its U.S. electronic trading offerings, Nomura has released a core set of algorithms for equities as part of its global ModelEx strategies.
Mismi Selects OneTick Data Management Solution
Mismi, a call-market crossing solution scheduled to launch in the fourth quarter, has licensed OneMarketData’s OneTick Database for data management, analytics and complex event processing.
How Wall Street's Gearing Up for Carbon Credit Trading
A flood of U.S. firms have streamed into Europe's carbon credit trading system; in this and other ways firms are forging ahead under the assumption that the Senate will pass a climate change bill that creates a market for trading carbon credits.
BOX Names New CEO
The Boston Options Exchange (BOX) has named Tony McCormick as its Chief Executive Officer, effective immediately.
NYSE Launches New Market Data Source
NYSE Technologies has implemented its SuperFeed data ticker plant and OneTick capture and time series analysis solution as the new market data content source for its Web site www.nyse.com.
NYSE Euronext Innovates at Warp Speed
NYSE Euronext and CIO Steve Rubinow are focused on doing things faster, including communication, development and, of course, competing in the low-latency trading arena.
Dark Pools 2009: Not So Dark Anymore
A new report by Aite Group examines key trends within the dark pool market, highlighting the major changes to the dark pool market over the last 12 months and profiles of 26 dark pools.
LSE In Talks to Buy Turquoise
According to reports, the London Stock Exchange is in exclusive talks to purchase Turquoise Trading, the pan-European equity alternative trading system backed by a consortium of nine investment banks.