Tag Archives: Multilateral Trading Facility

Thomson Reuters and GFI to Launch Chinese Money Broker

Farah Khalique of the Financial News writes that the international news and data provider Thomson Reuters and interdealer-broker GFI have teamed up with China’s State Development and Investment Corporation Trust to launch a voice and electronic brokerage for the country’s … Continue reading

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Icap Fights to Save its Currency Franchise

Today in the Financial News, Tom Osborn writes that it wasn’t just the economic gloom, or the unrelenting rain that prompted Icap chief executive Michael Spencer to call trading conditions in the past three months the most challenging of his … Continue reading

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Retail Forex Platform OANDA Hit By Security Breach

Eva Szalay of The Wall Street Journal reports that some accounts on retail currency trading platform OANDA were hacked into last week, with approximately 0.2% of clients affected, according to an email sent to clients and seen by Dow Jones … Continue reading

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UBS MTF Proves Clearing Choice Delivers An Edge

Tim Cave of the Financial News writes today that when Benjamin Disraeli was first elected prime minister in 1868 he proudly exclaimed he had “climbed to the top of the greasy pole”. Executives at UBS and Goldman Sachs, which have … Continue reading

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High-Frequency Trading Has Made Markets More Efficient — Larry Tabb

Scott Patterson of The Wall Street Journal writes that few developments in the financial markets in recent years have inspired as much debate—oftentimes rancorous—as the rise of high-frequency trading, the use of supercomputers by sophisticated trading outfits to jump rapidly … Continue reading

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Public Exchanges Duel With Newcomers Over Trade Transparency

It was reported yesterday in The New York Times by Nathaniel Popper that while most people trading stocks at home imagine their orders zipping from their brokers onto one of the nation’s stock exchanges, almost none of the trades go … Continue reading

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Dark Pools Face Fire From Down Under

Tim Cave writes in the Financial News that the rapid growth of dark pools – anonymous share trading systems run by banks and market infrastructure providers – has come under fire from an Australian think tank, which claims the venues … Continue reading

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High-Frequency Traders Growing In Influence

Sandro Contenta of the Toronto Star writes this morning that high-frequency traders aren’t getting much respect these days. They’re the hedge funds and financial institutions trading big quantities on the TSX and other exchanges, literally at the blink of an … Continue reading

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High-Speed Trades Make Up Fifth of Canada Market

Today in Reuters Jennifer Kwan writes that high-frequency trading, using lightning-fast algorithms to turn profits, represents a fifth of all activity on the Toronto Stock Exchange and other Canadian trading systems, according to data released by regulators. Such trades, based … Continue reading

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CME Group Fights Commodity Traders Over Rule Change

Andrew Harris of Bloomberg BusinessWeek writes that CME Group Inc. (CME) attorneys told a U.S. judge that a lawsuit by Chicago Board of Trade traders and brokers seeking to preserve open-outcry price settlement belongs in a federal court, not a … Continue reading

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