Advanced Trading

» Weblog Main | » View Entries By Topic | » View Entries By Date
« January 2007 | Main| March 2007 »

Nasdaq is Beginning to Consider a Future Without the London Stock Exchange

Feb 26, 2007 @ 02:42 PM By An Industry Executive,

Contributed by Celent Analysts David Easthope and Cubillas Ding

Nasdaq's pursuit of the LSE has received tremendous market and press coverage of late. However, the potential tie-up seemed to turn a strategic corner recently. The revelation, detailed below, that Nasdaq met with the Project Turquoise consortium a few weeks ago to potentially license the INET technology from its ECN platform takes Nasdaq's hostile pursuit of the London Stock Exchange (LSE) to another level. Whereas in the past the Nasdaq/LSE disagreement seemed to be over a fair price for the LSE franchise, Nasdaq has now raised the stakes by making the key issue the future competitive position of the LSE across the whole of Europe.

Continue reading ... | Comment on this blog entry

Canadian Algo Trading Heats Up

Feb 22, 2007 @ 10:43 AM By Cristina McEachern,

As more Canadian firms turn to algorithmic trading tools, U.S. players dominate the market.

Continue reading ... | Comment on this blog entry

UNX Provides Access to Liquidity Sweeping Tools Via Instant Messaging

Feb 16, 2007 @ 02:15 PM By Ivy Schmerken,

Last week, IM TRADER, the instant messaging network for brokers and fund managers, began allowing institutions to sweep electronic pools for hidden and visible liquidity by integrating its network with UNX�s algorithmic technology.

�We�ve helped integrate their algorithmic system out over the IMTRADER network to help investment professionals have the ability to communicate orders to a sophisticated platform using an AOL Instant Messenger window,� explains Ed McDonnell, Pivot Solutions� SVP of Sales. There�s no new technology involved and no change in current workflow for the buy-side trader.

Continue reading ... | Comment on this blog entry

ITG POSIT Targets MiFID and Others Follow Suit

Feb 8, 2007 @ 05:02 PM By Ivy Schmerken,

Ivy Schmerken, Advanced Trading

Crossing networks are staking out their turf in trading Pan European equities as a prelude to competing with traditional exchanges under the Markets In Financial Instruments Directive or MiFID.

This week, Investment Technology Group (ITG) said it plans to launch POSIT Now, a continuous intraday crossing system for equities � into Europe. POSIT was the first regulated ATS in Europe but as of November, it will become a multilateral trading facility or MTF under MiFID.

Continue reading ... | Comment on this blog entry

Nasdaq's Concannon Named to Crain's '40 Under 40'

Feb 6, 2007 @ 10:48 AM By Kerry Massaro,

Congratulations to Nasdaq's Chris Concannon, head of trading services at Nasdaq Stock Market, who was named to Crain's New York Business' "40 under 40" list, which singles out the rising starts in the New York City business community under the age of 40.

Continue reading ... | Comment on this blog entry

FX Concepts (New York)
Phil Simotas
President and Director of Investment Management

Algorithmic trading is one area. And, obviously, because currencies are our focus, we're always trying to improve our techniques and our models in all areas -- whether it's in emerging currencies, options, developed currency portfolio formation, any of that. But the areas ... More >>