The TRADE

JANUARY 24, 2024

Algorithmic development has and always will evolve to achieve the best performance possible versus the client benchmark,” says Alex Harman, head of EMEA electronic and program trading at Goldman Sachs. The longer I take, the more opportunity/risk I’m exposed to.

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The TRADE

FEBRUARY 14, 2024

The dominant exchange within South Africa is the Johannesburg Stock Exchange (JSE), which historically focused on equities but has now grown to cover equities, equity derivatives, foreign exchange, bonds and ETFs. There needs to be [an even] playing field where everybody can do it.

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The TRADE

NOVEMBER 29, 2023

Armando Diaz, chief executive of PureStream The ATS claims to provider brokers and their institutional clients with improved bandwidth in order to access liquidity faster, more cost-effectively and with greater security. PureStream is exclusively available to broker dealers and does not connect directly with the buy-side.

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The TRADE

MAY 24, 2024

That is something that the mid and smaller brokers can access relative to the bulge bracket who don’t really see that as an important USP for the business right now. We all know it is very cheap and easy to trade electronically but you’re not necessarily fulfilling your liquidity obligations.

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The TRADE

JULY 18, 2024

GIX submitted its Form 1 application on 9 May 2023, outlining plans to operate a fully automated electronic trading platform for the trading of listed equities – no physical trading floor is planned. Contrary to popular belief, an exchange is not just about ‘buy, buy, sell, sell,’ which is the domain of brokers.

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The TRADE

AUGUST 15, 2023

Trading, portfolio and risk management solutions provider TS Imagine has added CLSA’s AI-powered European algo suite to its list of certified brokers. TS Imagine’s TradeSmart features pre-certified connections to more than 250 listed brokers and venues, as well as broker algos.

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The TRADE

OCTOBER 27, 2023

Elsewhere, interdealer broker TP ICAP also took advantage of the MAS’s initiative to boost the region as a major trading hub. Early last year, TP ICAP revealed plans to launch a foreign exchange electronic trading platform into the region using its Fusion interface.

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The TRADE

MAY 28, 2024

Market volatility was low across European stock indices in Q1 2024, compared to the same period last year, partly explains lower volumes across European cash and derivatives equity markets. They can also use a high-touch approach to trading blocks in different ways gain access to large pools of liquidity during the closing auction.

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The TRADE

AUGUST 9, 2024

It’s extremely important that the trading desks are also in tune with the analytics to ensure efficient onwards processes like liaising with brokers on their trading performance. Drilling deeper into brokers’ venue choices has also become imperative to analyse on the buy-side. Can the use of TCA in fixed income mirror equities?

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The TRADE

OCTOBER 26, 2023

This, he says, is done by encouraging more electronic trading volumes either through getting electronic VCONS coming back to traders or through full straight through processing (STP). “I This makes some electronic and algorithmic methods of trading more of a market disruptor, the team explain. “A

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The TRADE

AUGUST 14, 2023

This applies whether trading high yield or emerging markets in fixed income to a UK small cap stock in equities, you need to know which counterparties, trading platforms or strategies to use to get the best outcome. The post The Big Interview: Angela McLean appeared first on The TRADE.

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The TRADE

AUGUST 21, 2023

Among the SEC’s reforms is the proposal to amend certain rules under Reg NMS to adopt variable minimum pricing increments – or tick sizes – for the quoting and trading of NMS stocks. Certainly, there will be a lot of burden on broker dealers to adjust their routing and adding venues, but it’s not incredibly impactful.”

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Sun Acquisitions

APRIL 25, 2023

The post Navigating the Sales Process: A Step-by-Step Guide to Selling Your Business appeared first on Sun Acquisitions | Chicago Business Broker and M&A Firm.

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The TRADE

APRIL 17, 2024

We want our brokers to be able to accept receiving pre-allocations for these orders. For trading many different stocks, it makes sense to trade relatively passively. Both are first hand witnesses to the rapid evolution of electronic trading. “If We have large quant strategies in developed and emerging markets,” he explains.

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The TRADE

MARCH 27, 2024

RFQ has cemented itself as a central method of execution in fixed income in recent years in light of the advent of electronic trading and the move away from bilateral voice trading and onto platforms. All of this points to RFM as a natural next step in the development of electronic workflows in fixed income. The result: a boom in RFM.

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The TRADE

AUGUST 1, 2023

Goldman’s smart order router (SOR), for example, connects to around 27 electronic liquidity provider (ELP) streams. The bank made a push into the quant space in 2014 and now services a variety of firms ranging from standalone systematic hedge funds, funds that sit within platforms or funds that exist as proprietary broker dealers.

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The TRADE

MAY 23, 2024

Eric Stockland, co-head of global electronic trading at BMO Capital Markets, explains that the venues largely fall into two categories: “It’s like a Phillips screwdriver and a Flathead screwdriver. If you think of a really actively traded stock you might only get to sample price two or three times.

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The TRADE

JULY 30, 2024

Consequently, ETF trading techniques have evolved to source new pricing opportunities either via electronic request for quote (RFQ) platforms and/or ETF algos and to take advantage of ETF trading provision at the exchanges themselves,” says Tim Miller, senior trader at Fidelity International.

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The TRADE

JANUARY 31, 2024

Having joined the desk in 2020, Geekie is a key facet of the team – a regular at industry events, recognising the value of keeping up relationships with exchanges, brokers and liquidity providers in order to deliver only the best outcomes for BlackRock’s clients.

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Software Equity Group

AUGUST 20, 2024

In February 2024, Visma acquired InvoiceXpress, a developer of electronic invoicing software and related APIs for small businesses worldwide. After pulling back on acquisitions in recent years due to a challenging stock market environment, these buyers are now more active, spurred by rebounding stock prices and a more stable economic climate.

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The TRADE

JANUARY 18, 2024

Following the announcement from MIAX last October about plans to launch a new US options electronic exchange and physical trading floor, The TRADE wanted to delve into why open outcry has persisted and the potential for a quiet resurgence of the dying practice. There’s often much, much more liquidity behind those on-screen prices.

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The TRADE

OCTOBER 24, 2024

The idea that in order to understand the changing price of an individual stock or security, one would have to study daily directories and newspapers is something that many of those starting out in the industry today will never understand. In years gone by, buy-side firms have placed orders via a sell-side broker to be traded on exchange.

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The TRADE

MAY 16, 2025

Investors can get information about the liquidity of European stocks into market data systems, but they will find different ways to measure this liquidity and customise composite codes for the calculation of average daily trading volume (ADTV). The measurement of ADTV is quite challenging for European stocks.

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The TRADE

JANUARY 13, 2025

most recently served as head of electronic equity trading at BNYs London branch for 11 years. While at Goodbody, he most recently served as a senior sales trader covering Irish and UK SMID stocks. TD Securities appointed Rob Fallon as director of sales trading, based in Dublin.

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The TRADE

MAY 21, 2025

ION has integrated its electronic trading system, FastTrade with pan-European exchange Equiduct, in a bid to encourage further retail trading across the continent.

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