Best execution

Spotlight on Andrew Howieson

The Tabb Group has set up camp in Europe, and has tapped Andrew Howieson to lead the effort. Howieson, who spent 13 years as an executive at State Street, discusses his erstwhile initiatives at that firm automating investment operations and services, as…

Forex algorithms gaining traction among hedge funds

Hedge fund participants in global foreign exchange markets are utilising algorithmic strategies more frequently in order to realise alpha opportunities and reduce latencies, according to a new white paper by forex electronic trading technology developer,…

Quality surveyor

Simon Stratford arrived at London-based buy-side consultancy Investit just over a year ago after a lengthy tenure at Henderson Global Investors. In his short time at the consultancy he has taken the reins of the IT Value Survey, tweaked certain aspects…

A fragmented future

The introduction of multi-lateral trading facilities, crossing networks and electronic communication networks are starting to hurt Europe's well-established exchanges. This phenomenon is likely to become somewhat more acute with the recent introduction…

TCA products crowd the market in the wake of Mifid

When Mifid came into force at the beginning of last month, two of the largest service providers in the industry unveiled transaction cost analysis (TCA) products to assist firms in meeting the directive's requirements for best execution.

Knight Makes Algo Buy with EdgeTrade

JERSEY CITY, N.J.-Getting some holiday shopping done early, broker-dealer Knight Capital Group is acquiring agency broker EdgeTrade to fill out Knight's current electronic trading capabilities, according to Knight officials.

Achtung, Baby!

Retired Formula 1 racing champ Michael Schumacher returned to a Ferrari for testing duties last week, and promptly put his younger rivals in the shade. However, Schumi is the exception to the rule: in the market data industry, older inevitably means…

FX Must Put Mifid House in Order

LONDON-The vast majority of the members of the foreign exchange (FX) market are still unaware of the Markets in Financial Instruments Directive's (Mifid's) impact on their business, says Chris Pickles, London-based chair of the Mifid Joint Working Group.

Data Consumers Still Struggle with Volumes

Rising market data volumes-resulting from new execution venues created in response to the Markets in Financial Instruments Directive and firms turning to emerging and niche markets to drive growth in higher margin businesses-continues to be the key…

SuperD Adds Inflation Products to Pricing Platform

Derivatives data and pricing software vendor SuperDerivatives is adding support for inflation-linked securities and derivatives to its SD-IR interest rate derivatives pricing module in response to client demand for data to hedge inflation risk in fixed…

Bringing Transparency to European Bonds-Part 2

A year ago, there were already suggestions that the trade reporting requirements of the Markets in Financial Instruments Directive-which came into force on Nov. 1-could extend beyond equity markets. Niteen Sharma, then compliance manager at bond trading…

Crunching Credit Data's Hot Issues

The credit markets have taken a battering in recent months. However, there is renewed interest in fixed-income and associated credit instruments-from investors, dealers and regulators (which are monitoring rating agencies and also weighing mandatory…

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