Insights
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The Buy Side Seeks Liquidity in Hosted Pools
There is a lot of buzz around the rise of private rooms or hosted pools within alternative trading systems (ATSs), reflecting the latest wave of innovation in equity market structure. But what is the buy …
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Fixed-Income Trading Tech Panel Discusses Bond Data, Liquidity and Protocols
Platforms emphasize shift to workflow efficiency in credit and municipal bond trading. Front-office trading technology is vital to fixed-income trading desks, where sourcing liquidity, analyzing intraday pricing feeds, and vetting different protocols can be overwhelming …
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Overnight Trading Gains Traction with the NYSE on Board
Competitors are entering the market for 24/5 trading after Blue Ocean ATS taps demand from retail investors during Asia’s daytime hours. The buzz around overnight trading is getting louder now that the New York Stock …
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Selecting a Fixed Income EMS: The Top 3 Questions FlexTrade is Asked Regarding Automation
Technology pain points are pushing traders to seek more efficient ways to trade. That’s the main headline from our recent survey conducted with Coalition Greenwich on fixed-income EMS adoption. The survey polled 60 buy-side fixed income …
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SEC Updates Tick-Size and Access-Fee Rules, Industry Reacts
Retail and institutional investors will soon be able to trade in smaller increments on most U.S. stocks, as part of the SEC’s plan to overhaul equity market structure rules. On Sept. 18, the SEC’s five …
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A New Era in Bilateral Liquidity
As buy-side traders cope with fragmented liquidity and stagnant volumes in the continuous, lit European equity markets, institutions have forged direct relationships with market makers as an alternative channel. While bilateral liquidity has existed for …
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Selecting a Fixed Income EMS: The Top 3 Questions FlexTrade is Asked Regarding Data
In the past year, there has been a significant shift in the conversation within the fixed-income trading space. Rather than debating the need for a fixed-income EMS, the focus has moved towards identifying the right …
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How is ChatGPT Making Inroads on Wall Street?
With the rapid growth of artificial intelligence, Wall Street is experimenting with ChatGPT from OpenAI and other generative AI-based tools to save time on tedious tasks and finding information in massive data sets.
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FX Fuels Demand for Multi-Asset Trading Technology
As multi-asset trading gains momentum on the buy side, institutions are seeking workflow efficiencies and foreign exchange is playing a key role in fueling the trend. In addition, there are several regulatory forces and trends in the marketplace — such as T+1 settlement and the rise of digital assets — pushing the marketplace toward multi-asset trading technology.
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SEC Rule 605 is Final, But More is Pending with Market Structure
With the SEC approving updates to Rule 605 on order disclosure for stock trading, the clock will soon begin ticking on a new compliance project with more granular execution quality data. But industry observers are speculating that the SEC could move forward with other equity market structure reforms, resulting in overlapping timelines.
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As Pairs Trading Evolves, Hedge Funds Grapple with Complex Workflows
n recent years, there has been growth in cross-asset and multi-currency strategies for pairs trading, and the compliance and workflow for those strategies is more complex, which is driving many hedge funds to recognize the need for an integrated order and execution management system (OEMS).
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Europe’s Fragmented Liquidity Challenge
Fragmented liquidity in the UK and European equity markets has posed a challenge for the buy and sell sides for many years. But the migration of volume away from lit markets to systematic internalizers and auctions has gained attention from market structure data experts.