Tag: electronic trading

Wall Street’s Tech War (The Record)

From the Sunday edition of The Record, a interesting article focusing on the move of “Wall Street” to New Jersey.  The vast majority of US equity order matching actually goes on somewhere in NJ, regardless of where the exchange itself is officially incorporated.  If it wasn’t for the relatively small bit of trading that happens […]

Computer traders blamed for Wall Street crash (New Scientist)

Who would have guessed a magazine for scientists would be reporting about a market crash, but with so much equity and listed derivatives trading driven by algorithms and trading strategies designed by scientists the connection is not as far as it may seem. Algorithmic trading is well established, but the speed at which trades are […]

'Stub Quoting' Helps Explain Last Thursday's Penny Prices (Wall Street Journal)

Everyone is still trying to understand what happened on May 6.  Stub quoting was certainly not the overall cause, but might help to explain why a few stocks went to a penny. “If we end up with the trading curbs across all the trading exchanges that have been discussed, it would make this become a […]

SunGard Unveils Valdi Order System With Global Focus (Bloomberg)

SunGard took its BRASS sell side OMS and combined it with the recently purchased GL Trade to make their new platform, called Valdi.  Sungard will be their toughest competition, with those unwilling to spend the time to swap out their existing system second toughest: “This allows the SunGard platform to give customers quick access to […]

The "New" Exchanges: Fast, Faster, Fastest

I originally wrote this article for FIX Global Magazine.  You can download the PDF here and read the full version at TabbForum.com. High frequency traders are not the only ones trying to get faster.  The last few years have seen exchanges enter an arms race for speed that rivals the most sophisticated trading shops in […]

‘Several Competing’ Clearing Houses Needed for Swaps (Securities Industry News)

I participated in a panel discussion this morning focused on opportunities for execution venues an exchanges created by OTC derivatives reform.  As legislation will likely push standardized OTC products onto execution platforms (not necessarily exchanges mind you), the opportunities for these platforms (many owned by inter-dealer brokers) are numerous.  Securities Industry News covered the event: […]

AbsoluteReturn – Hey, you, get on my cloud

This article talks about adoption of cloud computing by hedge funds.  Most agree it has a place, but that place is limited.  A clip: Kevin McPartland, a senior analyst with the research and advisory firm TABB Group, says one function that may not be cloud-ready is trading. Placing trade-order management or execution onto servers in […]

Bloomberg – Goldman Tops JPMorgan as Best Broker as Speed Shakes Up Trading

Goldman’s technology and its access to a large pool of potential buyers and sellers help it to search for — and find — liquidity at the best price for customers. “The winning brokers coordinated across trading desks within their company,” says Kevin McPartland, a senior analyst at New York-based Tabb Group. “Their software-development and server technology teams […]

The Trade – OTC derivatives reforms to accelerate automation

“The automation that will result from standardisation of OTC derivatives will make it easier to get fair prices, as well as making it simpler to trade and clear them using electronic means,” Kevin McPartland, senior analyst, TABB Group and author of a recent paper titled ‘OTC Derivatives US Regulatory Update’ told theTRADEnews.com. Full Story Here

Wall Street Letter – Equities Trading Industry Tackles Latency Measurement

The demand for a latency standard has increased with the rise in high-frequency trading, higher trading volumes and more volatility. Latency has been reduced in some cases to microseconds, which makes measurement difficult, said Kevin McPartland, an analyst with the TABB Group. The recent proliferation of data types means that a trader must use multiple […]