What are they? Central Bank Digital Currencies (CBDCs) have been in and out of the news over the past few years but there’s still some confusion as to what they are, what they’re for, and…
Globally Distributed Teams Prove Vital in Pandemic
[caption id="attachment_307683" align="alignleft" width="150"] Ivy Schmerken[/caption] When the global pandemic forced banks and asset managers to activate their business continuity plans across the world, many firms acted swiftly to slow the spread of the virus…
Intraday Volatility in the COVID Era: Why it…
Key Takeaways: Both volatility and the variance of volatility across securities have risen substantially since late February. Trading desks should incorporate intraday volatility metrics in their pre-trade and post-trade TCA. Particularly where this is used…
Is Remote Work Leading to a Paradigm Shift…
Everyone talks about the buzz of the trading room Sell-side traders have worked in large, physical trading rooms for decades. A small proportion have stood every day, shoulder-to-shoulder on huge exchange floors. But in the…
FX Algos Gain Adoption on the Buy Side…
FX Algos gain adoption on the buy side as Best Ex and TCA Fuel Change with the proliferation of algorithms in currency markets and regulatory pressure to prove best execution, buy-side trading desks are adopting…
Unlocking Data Silos to Reach the Promised Land…
With mountains of market data, historical prices, and transactions data stored in disparate systems, securities and investment firms are shifting from a focus on collecting data to extracting value from it. A December 2019 paper…
Will CTFs be the new ETF?
Exchange-traded funds (ETFs) are among the most popular methods of investing today, with investors pouring trillions of dollars into an ever-growing pool of funds. Particularly in comparison with expensive to use hedge funds, low-fee ETFs provide a safer,…
Equity Market Innovation Leads to Venue Proliferation
Several startups are planning to launch either new venues or order types, and even listing standards, to solve problems in US equity trading. At last month’s SIFMA Equity Market Structure conference, executives with the following three…
SEC Steers Pilot on Equity Trading Fee and…
[caption id="attachment_307683" align="alignleft" width="150"] Ivy Schmerken[/caption] By Ivy Schmerken Diving into one of the more controversial issues in equity market structure, U.S. regulators are moving forward with the transaction-fee pilot that will force stock exchanges…
Artificial Intelligence Gains Momentum: From Machine Learning to…
Artificial intelligence has quickly evolved from science fiction to digital assistants such as Alexa and Siri learning about our daily lives. A.I. applications are interpreting MRIs and will soon be operating self-driving cars. In personal…