Nasdaq Amends Opening Auction for Retail Interaction
Exchange now disseminates data 3 minutes earlier and allows for more flexibility in buy-side interaction.
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Exchange now disseminates data 3 minutes earlier and allows for more flexibility in buy-side interaction.
Traders Magazine 0 Shares Doug Cifu, chief executive of Virtu Financial, the market maker, broker and technology provider, defended payment for order flow as retail investors receive price improvement and the business model has allowed markets to become more democratized. Cifu was interviewed in a webinar today by Larry Tabb, head of market structure research at Bloomberg Intelligence as part of the Equity Trading Research Series. Looking to talking with @ltabb about how retail market making really works…and maybe some hockey and @FeltmansConey too? @VirtuFinancialhttps://t.co/PuBgLBzNQ0...
Off-Exchange Trading To Continue To Grow In US 0 Shares There will continue to be an increase in off-exchange equity trading volumes in the US, after record volume last year, according to Greenwich Associates’ Top 2021 Market Structure Trends report. Trade Reporting Facilities (TRFs) run by Nasdaq and NYSE capture trading off-exchange such as in alternative trading systems, internalizers, internal matching by central risk books and single-dealer platforms. The consultancy said in a report that the growth in TRF volume follows the large rise in retail trading (and resulting increased int...
Traders Magazine 0 Shares Jack Miller, head of trading at Baird, expects innovation to continue in US equity markets after new exchanges launched this year, new order types were approved and the US Securities and Exchange Commission adopted plans to modernize the market data infrastructure. In September three exchanges launched in the US – Members Exchange (MEMX), MIAX Pearl Equities and Long Term Stock Exchange (LTSE) – taking the total to 16. Jack Miller, Baird Miller told Markets Media that it was impressive that the exchanges managed to launch during the pandemic and following ...