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liquidity

Latest Headlines

Latest Headlines

NYSE Euronext aims for retail order flow with sub-penny pricing

NYSE Euronext is making another big play for more retail order flow, offering up some interesting twists with plenty of room for debate. The exchange seems bent on fighting fire with fire. In October, it filed a proposal that calls for the NYSE and the NYSE Amex to start paying for ord

Transaction tax back into spotlight

Much to the chagrin of high-frequency traders, the idea of a transaction tax on stock trades has surfaced again, though few think such a tax will ever be levied.  The Occupy Wall Street movement finally has a specific request that it can rally around. Unions are starting to press for such

Jefferies' wild ride reflects "who's next" skittishness

It's a hair-trigger environment out there in the wake of the demise of MF Global. People are wondering who's next, and the spotlight unfortunately fell on Jefferies this week. The stock tanked 20 percent quickly on Thursday. Trading was halted. Worries ramped up, as  people whispered about liq

Goldman Sachs, Morgan Stanley not likely to ditch holding company status

Recall that at the height of the financial crisis, Goldman Sachs and Morgan Stanley converted to bank holding companies, in part to gain access to Federal Reserve liquidity programs that helped them weather the storm. Remember also that, in the immediate aftermath of the Lehman Brothers bankruptcy

Market structure issues have retail investors leery of stock market

The conventional wisdom since the financial crisis of 2008 and 2009 has been that retail investors are staying out of the equity markets in part because they no longer trust that it is giving them a fair shake. Not too long ago, inflows into equity funds were starting to pick up again, but then ca

Delta One desks, ETFs and the UBS fiasco

Both Kweku Adoboli, the UBS trader who was arrested for his role in the latest European rogue trading scandal, and before him Jérôme Kerviel, the Société Générale rogue responsible for $6.8 billion in losses in 2008, worked on Delta One desks, which have thrived in this Golden Era of exchange trad

Bank of America is high-frequency trading stock of choice

Over on FierceFinanceIT, we've been discussing the notion that Bank of America was a good candidate to become the next gravy-train stock when it comes to high-frequency trading. Given the sinking stock price--down to near penny stock levels--the massive float and the sheer volatility, the stoc

High-frequency trading battle continues

The surge in volume we've seen lately has been good news for high-frequency traders, thrusting them back into the spotlight and perhaps into the black. The surge in volume has led to another round in the battle over the value of these traders. We've noted that the best way to view high-frequen

Dark pools and retail investors, big synergies

It was big news when HSBC announced it would open up a planned dark pool in Hong Kong to retail investors as well as institutions. Some greeted the news as a sign that the trading technologies that are available to the big boys are indeed filtering down to the little guys, some of whom are ess

Does Citigroup experience make Bank of America reverse split less likely?

Recall that Citigroup reverse split its stock back in May, exchanging one share at $45 for every 10 shares trading at $4.52. The company's goals were to get the stock price out of the penny stock zone in order to be able to better market it to big institutions and perhaps to change its status as t