Algorithmic trading has picked up steam in the corporate bond market as fixed income trading desks appear to follow the playbook of equities. But skeptics contend this is unlikely, arguing that bonds are quite different and will undergo their own electronic transformation. One of the world’s largest fund managers has developed a pre-programmed sy...
18 March 2019 /ai Capital Markets Technology
A FINRA working paper has raised concerns about broker order routing to affiliated alternative trading systems (ATSs), shedding light on order routing decisions and potential conflicts that can impact execution quality. The major finding is that institutional orders routed by brokers that send a relatively high percentage of institutional orders th...
27 February 2019 /regulation Capital Markets Technology
Broker dealers and high-frequency trading firms have complained about U.S. stock exchanges charging high fees for direct data feeds, accusing the exchanges of having a monopoly and demanding transparency into their costs. Brokers and electronic market makers argue they are forced to buy the fastest and most detailed proprietary data feeds to compet...
22 January 2019 Capital Markets Technology
George RelishEditorial Director at Quidable
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