This may be a poorly timed post since the Tabb Forum’s annual fixed-income conference is tomorrow, I’m pretty bearish on meaningful changes in corporate-bond market these days. There’s been a lot of activity in the electronic-trading space for fixed income over the past year as agency brokerage ITG and Tradeweb launch their respective trading platforms…
Tag: market data
Regulations
Kiss the SIPs Goodbye? Hell No!
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•The Securities Industry and Financial Market Association (SIFMA) published its recommendations for changes to the US cash equities market structure that promises enough pain for broker-dealers as well as exchanges and alternative trading system operators. Since reporting on it earlier this week, I am still trying to wrap my brain around the impact SIFMA’s proposed…
Architecture, Regulations, Trading
SEFs Pending HFT Pains
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•Okay, this post’s title is a little misleading. I doubt that any trader would to apply the standard high-frequency trading strategy, which constantly pennies orders throughout the day but does not leave any open positions at the end of the day, when it comes to over-the-counter (OTC) swaps trading. What has garnered my attention is…
Current Events, Trading
BATS New Data Fees Published in Federal Register
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•In filings dated July 3, but posted in today’s Federal Register, the US Securities and Exchange Commission (SEC) published the new fees that the BATS Exchange charges for its major market data feeds and logical port connections, which went into effect on July 1. Officials from exchange operator announced in April that it would begin charging…
Architecture, Trading
NYSE Euronext Offers New XDP Consolidated Feed
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•Global exchange operator NYSE Euronext plans to add a new top-of-book consolidated data feed for its NYSE, NYSE Arca and NYSE MKT data feeds, dubbed NYSE Best Quote and Trade (BQT) and should be available later this week, say NYSE Technologies officials. According to Todd Watkins, vice president, global market data at NYSE Technologies, the new…