ivy Schmerken
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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.
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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.
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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.
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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.
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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 …
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Tick Pilot – The Road Forward
By Ivy Schmerken, Editorial Director Trading in securities of some small cap companies will change next May when the industry is scheduled to implement the tick-size pilot widening spreads for more than 1,000 stocks. But …
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Liquidity and Fixed Income Trading — Trends to Keep in Mind (Part 2)
By Ivy Schmerken, Editorial Director Electronic bond trading is in the spotlight as traders and investors focus on a potential liquidity crunch in the U.S. corporate bond market, setting the stage for an influx of …
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Liquidity and Fixed Income Trading — Trends to Keep in Mind (Part 1)
By Ivy Schmerken, Editorial Director While media headlines have obsessed over a lack of liquidity in corporate bonds, some market experts appear to be more nervous about U.S. Treasuries, which is the largest and most …
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Spoofing and the Flash Crash – Six Things You Need to Know
By Ivy Schmerken, Editorial Director Charges against a UK futures trader accused of manipulating the U.S. futures markets has ignited debate on whether “spoofing” was a contributing factor in the 2010 Flash Crash in U.S. …