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Wall Street & Technology March 22, 2005 Ivy Schmerken |
Black-Box Trading Raises Risk As black-box trading increases, hedge funds are executing orders at a rapid pace by drawing on their credit relationships with prime brokers. |
Wall Street & Technology February 4, 2005 Ivy Schmerken |
Direct-Market-Access Trading The buy side is taking more control of its trading decisions while looking for faster, lower-cost and anonymous executions. Direct market access (DMA) tools permit buy-side traders to access liquidity pools and multiple execution venues directly, without intervention from a broker's trading desk. |
Wall Street & Technology August 27, 2004 Larry Tabb |
Independent Aggregation: An Oxymoron Aggregation's time has come, but independent providers have gone. It is technology that the industry needs and brokers can't live without, but does the act of acquiring a platform devalue it? |
Wall Street & Technology March 26, 2004 Larry Tabb |
NYSE: Fast Market or No Market? If the NYSE becomes more electronic, its owners (the specialists and floor brokers) will be disadvantaged, and possibly jobless. |
Wall Street & Technology July 26, 2004 Ivy Schmerken |
The Buy Side Takes Charge Access to aggregators, crossing networks and algorithms is changing the buy-side trading desk. |
Wall Street & Technology February 4, 2005 Maria Santos |
Bringing in Business Attracting hedge funds as customers is a priority this year for the majority of sell-side firms. As hedge funds approach $1 trillion in assets, these non-traditional investment vehicles have become the latest buy-side heavyweight. |
Wall Street & Technology August 17, 2007 Richard Jones |
Broker-Neutral OMS/EMS Solution Can Address Rapid Change In Investment Industry The investment industry is experiencing an increasingly rapid pace of change in both the asset classes under management and the way in which they are traded. |
Wall Street & Technology October 23, 2006 Ivy Schmerken |
Buy-Side OMSs Face the EMS Threat Buy-side firms are beginning to question the future of the traditional order management systems. Should it take on more execution functionality or hand off execution to the execution management systems? |
Wall Street & Technology June 22, 2004 Larry Tabb |
Providing Service in an Increasingly Electronic World The way in which brokers traditionally manage their relationships with the buy side needs to change. |
Registered Rep. January 1, 2005 Mindy Diamond |
A Clean Escape, With an Accomplice Brokers tempted to leap at a lucrative job at another firm are often held back by inertia, but in increasing numbers they are finding the powerful force they need to get moving: hungry branch managers. |
Wall Street & Technology October 23, 2007 Ivy Schmerken |
Connectivity Booms in Emerging Markets As demand for investing in emerging and frontier markets picks up, buy- and sell-side firms are hunting for networks and trading systems that allow them to operate in foreign markets without necessarily being experts in the local rules themselves. |
Wall Street & Technology July 1, 2005 Ivy Schmerken |
The New Sell-Side Trader: Execution Consultant Brokers are morphing into execution consultants to advise the buy side on selecting algorithms and measuring performance. But how will the sell side reinvent the institutional sales trader? |
Wall Street & Technology March 21, 2006 Larry Tabb |
Reg NMS: A Pox on All Your Houses The SEC's Reg NMS will significantly alter the way the markets and the industry as a whole operate. Instead of the market consolidation we have seen over the past few years, we are seeing a market fragmentation, as regional exchanges retool and ECNs proliferate. |
Bank Technology News November 2004 Shane Kite |
Trading: Direct Execution Players Get Beefy Banks and brokers are stocking up on tech and management tools, bundling direct access with algorithmic trading, as the industry gets more competitive than ever. |
Wall Street & Technology April 30, 2007 Ivy Schmerken |
Unexpected Surge in Trading Volumes and Volatility Raises Infrastructure Concerns for Hedge Funds The market decline of Feb. 27 has prompted hedge funds to rethink their trading infrastructures to ensure they can cope with higher volumes and volatility. |
Wall Street & Technology April 27, 2004 Ivy Schmerken |
Hedging the Risk of Instant Messaging While hedge funds enjoy the simplicity of trading via IM networks, compliance and reliability concerns have them seeking IM products with built-in archival systems. |
Wall Street & Technology June 29, 2005 Ivy Schmerken |
Reinventing the Relationship Technology and regulatory scrutiny have placed pressure on the buy-side traders to figure out how much it is paying for executions. |
Wall Street & Technology November 17, 2003 Ivy Schmerken |
Cleared for Takeoff Clearing firms are rolling out execution services with order-routing and direct-access partners. |
Wall Street & Technology November 23, 2009 Greg MacSweeney |
Investors Demand Hedge Fund Transparency Institutional investors are already demanding more transparency from hedge funds. Not to be outdone, regulators are readying new rules for hedge fund reporting. |
Wall Street & Technology February 4, 2005 Jessica Pallay |
Lamenting Latency "If buy-side firms want to actively trade and aggressively try to execute on their own behalf, they need tools to compete with the brokers who are sitting on the fattest pipes and have the highest-speed technology," says Larry Tabb, founder and CEO of Westborough, Mass.-based The Tabb Group. |
Registered Rep. December 1, 2004 Mindy Diamond |
Packing the Parachute Success in the brokerage industry can be as much about mindset as anything else, so it comes as little surprise that advisors avoid negative thoughts, such as the potential necessity of a quick exit from their practice. |
Wall Street & Technology March 26, 2004 Ivy Schmerken |
New Kids on the Block Two new players are offering block-execution systems to buy-side institutions. Can they succeed in a crowded field? |
Bank Technology News September 2004 Michael Sisk |
Trading: Direct Execution Goes Mainstream The need to offer direct execution is all the greater now that the New York Stock Exchange is pushing ahead with it's Direct Plus program. |
The Motley Fool November 11, 2004 |
Stop-Loss and Stop-Limit Orders You may be surprised what your broker will do for you. |
Wall Street & Technology August 22, 2006 Larry Tabb |
Switching a Back-Office Relationship Is Very Hard For financial firms, while the front office is eminently more glamorous and lucrative, switching front-office providers is easy. Switching a clearing, custody or depository relationship, however, is very hard. |
Wall Street & Technology April 11, 2008 Cory Levine |
Direct Market Access to Continue Steady Growth Celent estimates that 15 percent to 18 percent of current U.S. equities flow goes through direct market access pipes, a number that is expected to increase to 20 percent by 2010. |
Wall Street & Technology October 28, 2005 Larry Tabb |
Bonds Ain't Stocks Developing real-time fixed-income trading algorithms won't happen soon; but, who said fixed-income algorithmic trading had to look like black-box trading on the equities market? |
Wall Street & Technology February 27, 2005 Paul Allen |
Hedge Fund Services Heat Up "In my view, prime brokers and [hedge] fund administrators will increasingly find themselves competing in the same space in terms of the services they can offer," says Rob Schultz, head of HSBC's alternative fund services for North America. |
Wall Street & Technology June 21, 2004 |
Algo-Trading Meets Direct Access As buy-side firms take more control over executing orders, there is an increasing interest in algorithmic-trading strategies combined with direct-access trading platforms. |
Wall Street & Technology January 5, 2005 Larry Tabb |
Light Speed and The Buttonwood Tree Order routing technology allowed trading desks to be located anywhere. Electronic exchanges enabled not only the matching of orders at increasingly faster speeds, but the development of virtually linked exchanges. |
Registered Rep. May 1, 2005 Mindy Diamond |
What About Your Retirement? Brokers often take a shortsighted view of their careers, and this usually turns an effort to convince them to think about their own retirements into an uphill battle. |
Wall Street & Technology February 14, 2006 Larry Tabb |
Aggregation: Back to the Future With only two or three trading venues, aggregation is not very interesting. However, with the existence of three major execution venues, and another six or seven regionals and ECNs, in conjunction with an empowered SEC focused on best execution, and now you have a horse race. |
Wall Street & Technology February 27, 2005 Larry Tabb |
The NYSE Floor: A Question of Control What is it about the floor - the history, the frenzy, the money, the legacy? Whatever it is, the NYSE floor, as it stands today, is under threat - and not just from dissatisfied institutional investors, but also from market restructuring proposals |
Wall Street & Technology February 14, 2006 Paul Allen |
Prime Time for Primes Once an esoteric business controlled by three players, the prime brokerage business has become a hotbed of competition as rival banks and brokers have sought to profit from the hedge fund explosion. |
Wall Street & Technology May 25, 2005 Larry Tabb |
No Touching: Algo Trading Leaps Forward The leaders in the no-touch market are significantly ahead. They have the resources to push the technology out into the market and the support teams to train, customize and drive adoption (while at the same time, buy-side firms are reducing their broker ranks). |
Wall Street & Technology February 12, 2004 Ivy Schmerken |
Online FX Systems Eye STP As e-foreign-exchange-trading portals vie for volume, hedge funds and STP solutions are on the radar screen. |
Registered Rep. October 1, 2004 Nick Ferber |
Sunny Days In the interest of arming financial advisors with all they need to assess broker acquisition packages, here is a guide to deciding when it is mathematically justified to make a change. |
Wall Street & Technology September 18, 2006 |
EMS Spending Spree Much has been made of the sell side opening its wallet and snatching up trading platform vendors. These acquisitions are an effort by brokers to own and control the trade lifecycle from platform through execution. |
Wall Street & Technology April 26, 2005 Ivy Schmerken |
Broker Research: What's It Worth? The securities industry is hoping that the SEC will clear up the uncertainties surrounding soft dollars and determine once and for all who is responsible for placing a value on proprietary research. |
Wall Street & Technology November 29, 2004 Jim Middlemiss |
CIO Challenge As hedge funds soar, winning their order flow has become more vital than ever. To compete for that business, brokers and other providers need to offer hedge fund managers wider access to markets and trading products, and break down silos to improve integration. |
Wall Street & Technology February 4, 2005 Julie Gallagher |
Data Latency Market-data latency has gotten much attention on the sell side, but like so many other industry issues, the buy side is just now playing catch-up. |
Wall Street & Technology April 14, 2008 Larry Tabb |
Opportunities Beckon Amid Economic Turmoil A shaky economy and the defibrillation of many fixed-income products provide fertile ground for automated trading, fixed-income ECNs and exchanges - as well as opportunities for those willing to take some calculated risk. |
Wall Street & Technology February 12, 2004 Ivy Schmerken |
Changing the Rules of the Game A change in the trade-through rule now on the SEC's agenda could lead to more direct-access and smart order-routing tools. |
Registered Rep. September 1, 2004 Mindy Diamond |
Of Myths and Moving A large number of brokers labor under a group of myths and misconceptions that keep them from managing their careers effectively. |
BusinessWeek April 18, 2005 Mara Der Hovanesian |
Cracking The Street's New Math Algorithmic trades are sweeping the stock market. But how secure are they? |
Investment Advisor August 2008 |
Do You Believe Your Own Rhetoric? Many breakaway brokers spend more time designing a logo and picking out office furniture than they do planning their exit strategy. |
Wall Street & Technology November 29, 2004 Ivy Schmerken |
Want an Algorithm With That? Major brokerage houses are franchising their algorithmic trading strategies to smaller firms that are feeling pressure to offer the service. |
Wall Street & Technology February 4, 2005 Ivy Schmerken |
Reg NMS Tops the CIO Agenda The regulation to modernize the National Market System is shaping up as the single most important issue that chief information officers of buy-side and sell-side firms will focus on in 2005. |
Wall Street & Technology November 18, 2005 Ivy Schmerken |
Direct From the Source While the majority of financial services firms continue to obtain their U.S. equity data feeds from consolidators, some brokerage firms are shifting to technology companies that can process direct exchange feeds and present ECN's full depth-of-book order books as part of a hosted solution. |
Wall Street & Technology November 17, 2003 |
Is SwiftNet Fast Enough? Swift has the chance to spread electronic trading around the globe, but not if SwiftNet has an eight-second delay. |