Despite the view that MiFID II is a European regulation, US investment managers are experiencing disruption as they align their research payment and execution practices with the influential standard.
Electronic trading in the US Treasury secondary market is evolving and shifting, as non-bank liquidity providers and dealers participate on venues that offer bilateral streaming on a disclosed basis.
Corporate bond investors are seeking operational efficiencies on their fixed income trading desks to lower costs. As the search for liquidity across a fragmented credit trading marketplace remains a priority,-side firms are grappling with two distinct workflows – voice-based and electronic – in the $8 trillion corporate bond market.
In the next five to 10 years, don’t be shocked if hedge funds begin to outsource their algorithms to a team of quants coding in Python using the cloud and open source tools.
Over 200 market participants have signed the FX Global Code of Conduct, a voluntary set of principles published a year ago to restore trust and curb bad behavior in the wholesale foreign exchange market.
Several startups are planning to launch either new venues or order types, and even listing standards, to solve problems in US equity trading. FlexTrade’s Ivy Schmerken investigates.
Diving into one of the more controversial issues in equity market structure, U.S. regulators are moving forward with the transaction-fee pilot that will force stock exchanges to lower the fee caps on rebates they pay to brokers and market makers.
With the rollout of such a massive regulation as MiFID II, there are bound to be some hiccups, but so far firms are mainly wrestling with trade reporting and data quality issues. That sentiment was expressed on a webinar hosted by A-Team Group, MiFID II Trading Technology Requirements: What Worked and What Hasn’t? in which panelists aired their views on the most challenging aspects of the implementation and areas that need improvement.
MiFID II went live on Jan. 3 without much fanfare, but the EU regulation is already shifting trading behavior toward Large-in-Scale block trading venues and new venues called systematic internalizers run by banks and high frequency trading firms. FlexTrade’s Ivy Schmerken examines.
Among the key benefits of artificial intelligence is that it can analyze large volumes of structured and unstructured data more quickly than humans do, which can boost productivity. FlexTrade’s Ivy Schmerken examines.
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