Hints and tips:
...Trading app Robinhood has earned the opprobrium of retail investors in restricting trades, but it has the more serious problem of having enough capital on hand to cover the surge in transactions....
...As most traders use automated programs to execute thousands of orders per day, small transaction fee increases add up....
...This truth applies not only to exchanges but also automated trading systems and off-exchange trading venues that match bargains internally....
...In the second quarter of this year, TD Ameritrade received $83m in order routing revenues, out of total transaction revenues of $335m....
...However, two transactions discussed or concluded in recent weeks shed light on an industry negotiating an age of commoditised speed....
...He predicts the eventual development of highly personalised automated advice solutions that are “almost like a fingerprint”....
...Automated equity analysis is meanwhile becoming more sophisticated, leading to predictions of lay-offs among flesh-and-blood analysts....
...economic benefits based, directly or indirectly, on the value or price of, any capital stock of, or other securities or ownership interests in, the Company (the items in clauses (i), (ii), (iii), (iv) and (v)...
...The once-fragmented, equities-dominated business has been overturned in the past decade by competition, increasing use of automated trading and the growing popularity of derivatives....
...Post-trade services like automated trade affirmations and settlement cycles have come under greater scrutiny amid a global regulatory push to tighten up monitoring counterparty risk in financial markets....
...Traders using automated systems often send huge numbers of messages – which contain buy or sell instructions – only to cancel them after market sentiment changes....
...In Europe, several countries are considering transaction taxes that would affect all trading, but most dramatically high-speed strategies that produce tiny margins across thousands of trades....
...of post-trade workflow solutions and straight-through-processing (STP) for foreign exchange (FX) transactions...
...The idea was to draw in brokerages who were making large volumes of trades, and sought the transaction costs....
...Google said it will not derive any revenue from financial transactions made using its secure mobile wallet system which will enable consumers with some Android-based handsets to ‘tap and pay’ for goods and...
...Leading interdealer brokers such as Icap, BGC Partners and others have platforms transaction swaps in Europe, which will probably be launched in the US....
...Chris Concannon, formerly head of transaction services at Nasdaq OMX, will remain at Virtu as executive vice president in charge of regulatory matters and operations. Mr....
...– While the cash markets were still sorting out all the trades, and many trades remained unsettled as of May 10th, all futures transactions during this period had been settled and cleared....
...The speed of the descent in stock prices and moves in other markets such as currencies and Treasury bonds, which are highly automated, fuelled suspicion that a computer trading program error had occurred...
...LLC; Carlyle Investment Management L.L.C.; Blackstone Capital Partners V L.P.; Centerbridge Capital Partners, L.P....
...Herein more amusing extracts from the affidavit in support of a Motion for Intervention in the case of Securities Investor Protection Corporation v. Bernard L. Madoff Investment Securities LLC....
...The marketmaking unit posted a $16.5m loss for the first nine months of the year as more transactions migrated from the NYSE floor....
...The transaction is expected to close in the fourth quarter. The deal includes a $93m breakup fee if it fails to complete....
...However, the department said it had determined that “neither transaction is likely to reduce competition substantially.”...
...Mr Borg says it was also able to run largely automatically with users paying for access through online, automated credit card transactions and a level of reliability which ensured that little or no support...
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