The TradeTech Daily 2009 Issue 3
In this issue:
Buy-side hampered by transaction cost paralysis
Heads of desk demand more value from TCA providers
Dark pools at odds with price discovery
Taking liquidity away from the public order book threatens the buy-side’s ability to discover prices, say top investment managers
MiFID remains a work in progress
The benefits of MiFID and electronic trading were under scrutiny during Wednesday’s interactive voting panel discussion
Back to growth in 2011
The rapid policy response to the economic crisis bodes well for a resumption of growth
Greed is not good
While banks are culpable for the financial crisis, having rewarded greed to the detriment of good governance, observed Michael Portillo, guest speaker at TradeTech 2009, political greed meant that the desire to be re-elected clouded the judgement of governments that stood back and allowed unfettered capitalism to flourish
Brokers adapt to buy-side’s ‘broad touch’ needs
Brokers predict consolidation… for MTFs
Tough time for traders despite green shoots of recovery
The opening speakers at TradeTech 2009 delivered a sober assessment of the state of the equity markets and the likely progress towards a more sustainable commercial future for conference delegates
Upturn will reveal full value of MTFs
As the financial industry begins to drag itself out of the mire, the value of alternative venues will become clear, says Artur Fischer, joint-CEO, Equiduct Trading and a panelist on today’s session exploring the future of Europe’s trading platforms
Alpha traders really are different
While hedge fund managers share common concerns with traditional asset managers over issues such as latency, resilience and market access, their expectations of service set them apart
No template for the ideal desk
Effective technology is a sine qua non for a successful trading desk, but there is no perfect solution
SOR winners on the European stage
Has smart order routing made a successful transition to Europe?
Co-location is no guarantee of faster trading
Traders should not assume that simply adopting a particular solution will automatically improve the speed of execution
NYFIX integrates ioinet with FactSet data platform
Combination to ease discovery of block liquidity
French hedge fund chooses NYSE Technologies software
Trading technology unit announces new client at TradeTech
Instinet selects BT Radianz for proximity hosting
Agency broker gains access to Radianz connectivity network
Charles River offers Thomson Reuters data
Integrated approach enriches client data delivery
Pipeline seals deal to acquire 3D Markets
Deal designed to develop block trading of options
Quod upgrades SOR to include real-time market intelligence
Enhanced smart order router unveiled at TradeTech 2009
Charles River offers Thomson Reuters data
Integrated approach enriches client data delivery
Baikal to partner with Fidessa on SOR
LSE dark pool to use CC&G for clearing
MTFs gaining ground on primary exchanges – Cheuvreux
New entrants now control a quarter of European equity trading
BGC Partners to offer BNY ConvergEx execution tools
Deal grants access to BNY’s dark liquidity
Dark pool use to grow despite volume slump – Liquidnet
European buy-side use of dark pools is set to rise sharply
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Other editions:
The TradeTech Daily 2009 Issue 1
The TradeTech Daily 2009 Issue 2
The TradeTech Daily 2009 Issue 4