US Securities and Exchange Commission chair Mary Jo White plans to keep the industry busy thinking about and implementing some of the dozen or so new and on-going initiatives that she announced last week.
Initiatives such as the planned buy-side only block crossing pool mooted by US giant Fidelity Investments earlier this month reflect the desire of asset managers to make good on their fiduciary responsibility to end-investors, according to Kevin McPartland, principal, market structure and technology at research firm Greenwich Associates.
A US tick size pilot program for small cap stocks may lead to outcomes unintended by regulators and legislators behind the plan, Paul Daley, CEO of SunGard-owned algo developer Fox River has said.
New York Attorney General Eric Schneiderman yesterday restated plans to pursue high-frequency trading firms, but the wider market has long since adapted to low-latency trading, Sang Lee, managing partner with research consultancy Aite Group has said.
Institutional buy-side equities crossing network Liquidnet will offer trading in corporate bonds after agreeing to acquire bond-trading platform Vega-Chi.
Republican commissioner Michael Piwowar of the Securities and Exchange Commission has called for greater cohesion among international regulators as the top US securities regulator prepares to unveil final swaps rules.
Fixed income trading platform MTS, owned by the London Stock Exchange Group, will have access to hundreds of US clients after agreeing to acquire US corporate bonds platform Bonds.com as it expands its electronic fixed income trading offering.
The buy-side must harness ‘big data’ to generate alpha in equities investing by identifying trends ahead of the market, presenters at the inaugural Alpha Innovation Required summit concluded.
A pilot programme to widen tick sizes in small- and mid-cap US equities would increase dark activity and passive trading strategies, research from Societe Generale has found.