Traders Magazine
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FLASH FRIDAY is a weekly content series looking at the past, present and future of capital markets trading and technology. FLASH FRIDAY is sponsored by Instinet,
a Nomura Company.
Earlier this month, TP ICAP shareholders approved the acquisition of Liquidnet, leaving regulatory approval as the final hurdle before the deal is done.
For Liquidnet, the buyout will mark the end of a 21-year run as an independent trading-platform operator, which has exceeded most anyone’s expectations, save perhaps for company founder Seth Merrin.
Liquidnet was profiled in Traders Magazine in October 2000, months before its April 2001 launch when the company was still a concept.
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12/18/2020 08:00 AM EST
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Traders Magazine
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FLASH FRIDAY is a weekly content series looking at the past, present and future of capital markets trading and technology. FLASH FRIDAY is sponsored by Instinet,
a Nomura Company.
In addition to the holiday season, end-of-year is also prediction season in capital markets, as industry professionals pontificate on what the stock market, interest rates, volatility, and a host of other quantitative and qualitative metrics will do next year.
One prediction that has been correct for each of the past 50 years or so is “there will be more electronic trading.” This was especially true in 2020, as remote work and decentralized technology amid the COVID-19 pandemic accelerated the electronifcation of markets.
Traders Magazine
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FLASH FRIDAY is a weekly content series looking at the past, present and future of capital markets trading and technology. FLASH FRIDAY is sponsored by Instinet,
a Nomura Company.
The U.S. Securities and Exchange Commission this week adopted rules designed to bring more competition and fairness to market data.
The long-signaled move is a significant regulatory development in what has been a bone of contention between exchanges and brokers for years. At first blush, securities industry participants and observers are constructive.
Brokers say exchanges have a monopoly on data and charge way too much; exchanges say prices are a function of their own costs to generate the data, and brokers have choices in the marketplace. The Securities Industry Processor (SIP), the utility alternative to exchange data products, is seen as antiquated and of dubious value in today’s high-speed electronic markets.