Trading Venues Archive

A 'mini flash crash' that wiped out the value of a US stock has again suggested US market structure distress, days after a roundtable saw captains of the finance industry agree that regulators should be careful not to interfere with a well-functioning system. read more>

The Securities and Exchange Commission has finally approved Nasdaq OMX’s compensation scheme for members that lost money during the Facebook IPO, but the deal may not be sufficient to stop legal action against the US bourse. read more>

A last-ditch lobbying effort from three US trade bodies has emphasised the hike in buy-side trading costs that may result from swap execution facility rules. read more>

Financial markets experts have welcomed Reg SCI, the new plans from the Securities and Exchange Commission to ensure trading venue stability, but warn of the difficulties in applying testing standards across market infrastructure technology.  read more>

Institutional traders are seeking greater control of their interactions with dark pools given the increasing prevalence of high-frequency trading in these types of venues. read more>

The New York Stock Exchange's closure of its dark pool joint venture with BIDS Trading, offers further evidence of the challenges faced by venues that attempt to cross blocks for the buy-side. read more>

US stock exchanges and market participants will recommend a new tick size regime for less-liquid stocks at a roundtable hosted by the Securities and Exchange Commission today. read more>

Regulatory scrutiny of US market structure is intensifying, reinforcing the imperative for stock exchanges to look beyond matching equity trades towards new innovations and revenue diversification. read more>

Even with the continued lack of clarity on new rules set to govern US swaps trading venues, prospective market operators are keenly preparing their offerings in anticipation of Q2 launches. read more>

Sell-side criticism of Nasdaq OMX’s plans to offer benchmark algorithmic strategies has opened up another front in the schism between US brokers and bourses on the latter's status as self-regulatory organisations. read more>