Pillar #6 of Market Surveillance 2.0: Known and unknown threats

By Theo Hildyard , Software AG @theohildyard In the sixth blog in our series outlining the Seven Pillars of Market Surveillance 2.0, we look at…

Wisdom of the Crowd – When the Composite Performs Better than Average (Part 1)

In the United States, the month of March has become synonymous with the NCAA basketball college tournament. Regardless of whether people are die-hard fans or…

Avoiding the Performance Data Fumble

A superset of IBOR, a Performance Book of Record (PBOR), gives investment firms control of their performance data By Rich Mailhos, Product Manager, Eagle Investment…

Pillar #5 of Market Surveillance 2.0: Cross-region monitoring

By Theo Hildyard , Software AG @theohildyard In the fifth blog in our series outlining the Seven Pillars of Market Surveillance 2.0 we look at…

Breaking Down Big Data

By Philip Brittan, Chief Technology Officer, Financial & Risk, Thomson Reuters There is a lot of talk these days about “Big Data”.  And there seems to be a…

Pillar #4 of Market Surveillance 2.0: Cross-Asset Class Monitoring

By Theo Hildyard , Software AG @theohildyard In the fourth blog of our series outlining the Seven Pillars of Market Surveillance 2.0 we look at…

Equity Traders Looking for Stock Liquidity Can Find It in the Options Market

Long-only and hedge funds looking for liquidity events to grab some stock should consider taking a page out of the HFT handbook and look cross-asset….

As ETFs Heat Up, Liquidity Remains the Elephant in the Room

The institutional investor’s thirst for information and quantitative studies on ETFs has been insatiable. Tradebook has participated in three conferences already this year: Inside ETFs…

Improving Returns by Decomposing Risks

Traditionally, investors have sought to isolate alpha in a long/short equity strategy by shorting index futures. With the continued growth in ETF trading, investors could…

Pillar #3 of Market Surveillance 2.0: Support for Fast Big Data

By Theo Hildyard , Software AG @theohildyard In the third of a blog series outlining the Seven Pillars of Market Surveillance, we investigate Pillar #3…

Pillar #2 of Market Surveillance 2.0: Past, Present and Predictive Analysis

In the second of a blog series outlining the Seven Pillars of Market Surveillance, we investigate Pillar #2 which emphasizes support for combined historical, real-time…

Current Bull Market Stresses Importance of Protective Puts

By Kevin Dixon, Market Traders Institute As the saying goes, the trend is your friend and 2015 has continued to drive the current bull market…

U.S. Options Buy-side Behavioral Responses to Shifting Liquidity

Regulations are having a negative effect on the liquidity of U.S. equity and index options. Continue reading

The Seven Pillars of Market Surveillance 2.0: Pillar #1

By Theo Hildyard , Software AG @theohildyard In the first of a blog series outlining the Seven Pillars of Market Surveillance, we investigate the need…

Two Weeks Into the Market Structure Experiment… Results are Mixed

On Monday, February 2, Nasdaq, on its “classic” or NSDQ exchange, unilaterally lowered access fees on 14 stocks in a test of US market structure….

Why Active Management Underperformed in 2014

by Alexander J. Hart, CFA, Director, Equity and Fixed Income Research, Federal Street Advisors For the U.S. stock market, 2014 was another banner year. The headline S&P 500…

Best Execution – does it really have to be so hard?

By Nigel Farmer It is over seven years since MiFID was introduced into the European markets, bringing with it the obligation for investment firms to…

Market Structure: NYSE Arca Revisits the Meaning of Market Order

Today, NYSE ARCA introduced a new price collar designed to protect market orders from executing at erroneous prices. Continue reading on The Book »

Market Structure Changes on Monday, February 2

On Monday, February 2, there will be two changes to US Equity Market Structure. Continue reading on The Book »

The Key Characteristics of ETF Trading

With more than 5,000 ETFs listed around the world, it can be overwhelming for a trader to know the best way to execute an ETF….