We recently discussed the ways in which exchanges can compete for retail order flow, including price improvement opportunities via their Retail Price Improvement (RLP) programs . Below we share additional details of RLP…
SINGAPORE (BLOOMBERG) - Chinese-backed Asia Pacific Exchange Pte (Apex) said it will start trading in Singapore on May 25, the latest foray into overseas trading venues by mainland investors.
The consultation and call for evidence have long been called for from the crypto industry. It looks to start clarifying the government’s approach of making the country a fintech hub and adding value to being a UK-regist…
The two largest exchange groups, Cboe and NASDAQ, have captured 73.2% of options volume in 2018, but the three smaller exchange operators have gained market share.NYSEs share is up 2.8%, to 16.5%;MIAX has gained 2.7%, t…
Since the Great Recession cross-border financial assets have grown nearly 60 percent. While cross-border bank lending has stayed relatively constant, cross-border portfolios and market-based finance have grown tremendou…
The Equity Market Structure Advisory Committee (EMSAC or Committee) held its third meeting at the Securities and Exchange Commission (Commission or SEC) in Washington DC on February 2, 2016.1 The Committee is considerin…
For years, buyside traders have complained – quite fairly – that dark pool trading rules and activity are far too opaque. In response to this criticism and to the numerous regulatory actions taken against dark pool oper…
The number of Bitcoin whales has approached the level seen in September 2017, when Bitcoin moved toward its all-time high around $20,000. The indicator has been rising steadily since the start of the year, suggesting th…
When most people hear the name “Nasdaq,” they think of the world’s premier venue for buying and selling tech stocks. The Nasdaq exchange is where the cool kids of Silicon Valley and other points West––from Jeff Bezos to…
Execution algorithms for FX trading are contributing to the thinning of order books which could impact the ability to absorb market shocks, a report published by the Bank for International Settlements (BIS) has suggeste…
This product expansion includes an extensive library of both liquid and less liquid, hard-to-value instruments across sovereigns, investment grade and high yield corporates, emerging markets, money market, U.S. municipa…
Institutional investors and active traders are monitoring this development for its potential impact on market structure, liquidity and cross-asset flows. Positioning across equities, FX and fixed income may adjust as ne…