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…
Category: Trading
Trading
Savings Still Fuels Outsourced Trading Adoption
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•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…
Regulations, Trading
Buy Side Pushes for Look-Through Data
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•Order-routing data mandated by the SEC’s Rule 606(b)(3) has only whetted asset managers’ appetite for further routing disclosures, according to a new Tabb Forum thought piece.
Trading
Demutualization Killed the Exchange Star
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•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…
Current Events, Disruptive Technology, Risk, Trading
Rethinking Institutional Bitcoin Investments
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•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,…