FlexAdvantage Blog

5
Dec

Revised SEC Rule 606 Shines the Light on Order Routing Disclosures

The revamped SEC 606 regulation requires more extensive disclosures by broker dealers about the handling and routing of institutional customer orders including the average rebates the broker received from, and fees the broker paid to, trading venues.

16
Oct

Exchange Landscape Gearing Up for Expansion in 2020

As a sign of the evolving U.S. equity trading landscape, two startups and one options exchange operator plan to launch as many as three new exchange platforms in 2020, and a fourth could be waiting in the wings. Emphasizing the need for competition and innovation in US equity market structure, new entrants have downplayed the increased connectivity costs and additional fragmentation of orders across trading venues.

25
Sep

Data Analytics Overtakes Big Data

While the concept of big data has focused on the problem of collecting and processing vast quantities of data i— the trend is moving toward data analytics.

5
Sep

AI: Natural Language Processing and the Battle for Unstructured Data

Increasingly banks are turning to the field of natural language processing (NLP) and machine learning to extract valuable information from voice, documents, and audio to boost productivity on trading desks.  It’s all part of a broader push to gain efficiencies by training machines and bots to analyze language, capture insights, and replace manual tasks and drive workflows further downstream.

19
Aug

Algo Wheels Spinning into Futures

Algo wheels have become a popular technology in equities trading, but now there are signs that algo wheels are expanding beyond equities into multiple asset classes such as futures.

25
Jul

U.S. to Study Effects of MiFID II Research Unbundling

U.S. lawmakers authorized a study focusing on the provision of investment research for small issuers, a sign they are wary of the U.S. adopting the European Union’s MIFID II unbundling rules which have brought sweeping changes to the research business.

11
Jul

MiFID II Research Unbundling Spreads Uncertainty to the U.S.

By Ivy Schmerken Eighteen months after MiFID II rules to unbundle research payments from executions have been in force in Europe, U.S. asset managers are dealing with uncertainty around paying for research and how to compete with global firms that adopt the EU rules. Many US asset managers are evaluating the need for increased transparency …

12
Jun

Singapore Spurs Development of FX Trading Hub & Ecosystem

With the uptick in Asian currency trading and the growth of electronic trading, Singapore’s regulator is working with the financial industry to build an FX trading hub and expand FX market infrastructure, a move to improve liquidity and price discovery during Asian trading hours.

4
Jun

Buy-Side Savviness for Data Analysis Shakes Up Broker Allocations

As asset managers become more data-driven in their analysis of execution quality, they are reallocating order flows among their broker-dealer relationships at a faster pace. 

1
May

Bringing It All Together: Application Interoperability for Traders

The proliferation of software applications on financial desktops is a sign of innovation in capital markets. But moving data from one third-party application to another is not always seamless and user interfaces (UIs) are typically different. Now there’s a push to make the desktop emulate the user experience on mobile phones where Android and iOS apps are aware of one another and share data.

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