Advanced Trading

» Weblog Main | » View Entries By Topic | » View Entries By Date
« June 2008 | Main| August 2008 »

The Buy-Side Values Short-Trade Ideas

Jul 30, 2008 @ 12:52 PM By Ivy Schmerken,

When the Securities and Exchange Commission posted an order last night extending the temporary restrictions it placed on short selling in 19 financial stocks until Aug. 12, 2008, the SEC may have allayed the concerns of asset managers that rely upon short-trade ideas in their strategies.

Continue reading ... | Comment on this blog entry

Why is the Buy-Side Silent on CCAs?

Jul 21, 2008 @ 02:53 PM By Ivy Schmerken,

I wrote a story about the buy-side expanding the CCAs from U.S. equities to execute in international equities and across multiple asset classes. The story is getting some traction. Integrity Research summarized the story in its blog, “CCAs for Fixed Income.”

Continue reading ... | Comment on this blog entry

Muriel Siebert Passionate About Short Selling Rules

Jul 16, 2008 @ 05:59 PM By Kerry Massaro,

When the news about the SEC’s emergency order to stop “naked short selling” started leaking out yesterday, I was on the phone with Muriel (Mickie) Siebert discussing the Short Sale Uptick Rule that was lifted one year ago. I definitely had the right person on the phone at the right time. Siebert, renowned for being the first woman to own a seat on the New York Stock Exchange and also for founding the discount brokerage Siebert Financial Corp., was against the removal of the Uptick Rule last year. She believed then that it stripped companies of protection against short sellers and still believes it should be put back in place. [The Uptick Rule said you could not short a stock until there was an uptick in its price, preventing a free-for-all downward spiral of the stock.]

Continue reading ... | Comments(1)

Will LSE and Lehman’s Dark Pool Weather Latest Sale Rumors?

Jul 1, 2008 @ 05:52 PM By Ivy Schmerken,

The London Stock Exchange Group plc's plans to form a Pan European dark liquidity pool with Lehman Brothers Holdings Inc. as its joint venture partner could be overshadowed by the potential sale of the firm.

Continue reading ... | Comments(1)

R.G. Niederhoffer Capital Management (New York)
Roy Niederhoffer
President and Founder

You have to rotate your models more rapidly today than you used to. Models that used to work have stopped working with greater rapidity lately. I think that this probably represents the entrance of a large number of players into the hedge fund space in ... More >>