14
Dec
Buy-Side Backs Block Trading Venues
Buy side firms have shown signs of impatience with U.S. equity market structure. While they are leery of radical reforms, institutions have seeded a number of trading venues lately.
FlexAdvantage Blog
2
Dec
Equity Market Structure: The Buy Side View
Buy side traders debating the pros and cons of the U.S. equity market structure recently gave high marks to the computerized stock trading landscape, though it didn’t take long for concerns to surface.
18
Nov
Swap Execution Facilities: What’s Next?
The US ecosystem for swap execution facilities continues to evolve, but not as rapidly as regulators and lawmakers anticipated. Despite the shift to electronic trading, some observers question if swaps trading has reached a new equilibrium. The vision of a buy-side trader sitting in front of a screen with the ability to anonymously click on streaming prices from multiple SEFs could be several years away. However, new liquidity providers could be catalysts for change in market structure, suggested speakers at a recent webinar.
10
Nov
SEF Trading: Challenges and Regulatory Hurdles
The regulatory overhaul of the OTC derivatives market has brought mandatory clearing and electronic trading to standardized swaps, but many say the market structure is stuck, citing regulatory ambiguity and separate liquidity pools.
27
Oct
MiFID II: The Buy-Side Transparency Challenge
MiFID II is going to boost transparency in financial markets and improve and broaden best execution standards for the buy side, but not everyone is prepared to handle all the data. While MIFID II standards go into force as of January 3, 2017, buy side market participants have suggested there is not enough time to prepare for the technology changes.
20
Oct
Simplifying Complexity: Trading Complex Order Books in Options-Part 2
By Ivy Schmerken, Editorial Director Primary Challenges Traders seeking an edge in multi-leg options trades are relying on technology to navigate a complex market structure. One major challenge is that there is no linkage with regards to complex order books spread across seven US options exchange. Hence, it’s very important to scan all the exchanges …
14
Oct
Simplifying Complexity: Trading Complex Order Books in Options-Part 1
By Ivy Schmerken, Editorial Director The appetite for multi-leg options strategies is on the rise. But this also means capturing liquidity that is fragmented across multiple options exchanges. Complex orders or spread trades allow traders to simultaneously buy or sell a number of different options in what otherwise would require separate orders. “The vast majority ...
23
Sep
Buy-Side Options Trading: Covering the Spread in Complex Order Books with Multi-Leg Strategies
As multi-leg options strategies gain traction on the buy- and sell-side, sophisticated front-end tools are essential for accessing complex order books at US options exchanges. Multi-leg orders have been around a long time, but in recent years they have moved from the trading floors to electronic systems. A complex order (or spread trade) allows an …
8
Sep
Buy-Side FX Shifts in Evolving Market Structure
By Ivy Schmerken, Editorial Director As electronic trading grows on the buy-side and top dealers retreat from sharing market color, exchanges are snapping up FX trading venues. In July, Deutsche Borse said it will buy foreign exchange trading platform 360T for $796 million to diversify and capture volume in ...
28
Jul
Portfolio Trading – Plotting Your Optimization
Big index funds and mutual funds that trade passively are popular these days, but moving large positions without incurring market impact can be challenging. Pension funds and index funds that periodically rebalance their portfolios once a month or once a quarter can face similar portfolio trading risks. FlexPTS (Portfolio Trade Scheduler) To solve this problem, ...
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