Category: Trading

Shall We Play a Game?

Anyone familiar with Matthew Broderick’s 1983 movie WarGames knows a simple strategic simulation could lead the US to the brink of a thermonuclear war. The movie’s artificial intelligence only stepped back at the last moment after reasoning that such a conflict would be a no-win situation for all of its participants. Some things should not…

Savings Still Fuels Outsourced Trading Adoption

According to an audience poll conducted during a webinar hosted by the FIX Trading Community, cost savings remains the primary driver for the adoption of outsourced trading. Nearly half of those polled (46%) cited the reason as the primary accelerator for adoption, while other audience participants viewed technology (19%), incremental trading resources (17%), and regulation…

Demutualization Killed the Exchange Star

Virtu Financial co-founder and CEO Doug Cifu encapsulated the argument for the creation of the buy- and sell-side backed Members Exchange during a webinar hosted by Greenwich Associates on February 7. One of his complaints against the SROs was that they “lost the touch, the feel, and the plot” and alienated two-thirds to three-quarters of…

Rethinking Institutional Bitcoin Investments

I might have been hasty in my last post regarding being bearish on institutional investments in bitcoins. After interviewing Pantera Capital CEO Dan Morehead for Trader Magazine’s current cover story, I refined my views a bit. Buy-and-hold asset managers will still find investing in the digital currency directly difficult. The bitcoin market remains relatively small, highly fragmented,…