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Although The TRADE USA has made every effort to ensure the accuracy of the stories on this website, neither it not any contributor can accept any legal responsibility whatsoever for consequences that may arise from errors or omissions or any opinions or advice given. This website is not a substitute for professional advice on a specific transaction.
The robustness of US equity markets has again been called into question following the systems glitch that almost wiped out market maker Knight Capital, but more rules to control electronic trading may not be the answer. read more>
A software glitch which almost led to a high-profile brokerage being wiped out last week has highlighted the perilous nature of high-speed electronic market making, experts warn. read more>
The approval of a new consolidated audit trail last week by the Securities and Exchange Commission has met with mixed reaction, with fears that the final solution may miss some forms of market abuse. read more>
Last Friday’s endorsement of new circuit breaker mechanisms by the Securities and Exchange Commission – more than two years after the flash crash that prompted a wholesale review of US equity market structure – promises greater safety for investors but some risks remain. read more>
A New York senator is lobbying the SEC to reform the maker-taker pricing model, but his proposed solution to potential conflicts of interest is struggling for support. read more>
US lawmakers have renewed calls for federal agencies to toughen up on financial regulation after revelations JP Morgan lost US$2 billion on a bad bet. read more>
The fiduciary duty of pension funds and their intermediaries to spend responsibly every penny handed over by individual investors can be hard to fulfil in complex financial markets. But a commission recapture solution developed by Bloomberg Tradebook and UAT aims to automate a process that has long been hindered by inefficiency. read more>
A series of high-profile lawsuits in which asset owners and money managers have sued custodian banks over alleged overcharging is increasing the spotlight on FX execution quality. But better use of transaction cost analysis can help buy-side firms ensure they are getting a good deal without recourse to legal action. read more>
On 4 April, the US Securities and Exchange Commission announced, after several extensions, that it would finally decide whether to approve a new volatility-mitigation plan for the US equities market by 31 May. read more>
As the macro-driven investment environment of the past three years gives way to a more differentiated approach, the attention of the buy-side is turning to the vexed question of how to ease the constraints on the trading of small-cap names. read more>
