Category: Open Call
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Outsourced & Supplementary Trading: Tim O’Halloran, Tourmaline Partners
Asset managers are increasingly turning to outsourced and supplementary trading relationships to streamline operations and navigate the dynamic regulatory and competitive environment. In the second installment of our three-part series, […] Read More
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Machine Learning: The Next Piece of the Puzzle? With Brett Harrison, Architect Financial Technologies
Machine learning (ML) and articifical intelligence (AI) seem to be on everybody’s minds, and questions on what these tools mean for the future of our markets continue to rise. We […] Read More
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Expanding the Scope of Rule 605 – Mark Davies, S3
The Securities and Exchange Commission (SEC) held an Open Meeting on Wednesday, March 6, where they adopted amendments to the National Market System (NMS) stock order execution disclosure requirements of […] Read More
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Outsourced and Supplementary Trading: Then Versus Now
Asset managers continue to see outsourced and supplementary trading relationships as a means to achieve operational efficiencies and a strategy to address the ever-changing regulatory and competitive landscape. Our discussion […] Read More
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All Things ATSs: The Shape of Liquidity – Armando Diaz, Purestream
Through innovation and competition, Alternative Trading Systems (ATSs) continue to disrupt the equity trading markets. According to FINRA data, more than 70 billion shares of NMS securities, traded on a […] Read More
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All Things ATSs: Stephen Berte, BIDS Trading
Through innovation and competition, Alternative Trading Systems (ATSs) continue to disrupt the equity trading markets. According to FINRA data, more than 70 billion shares of NMS securities, traded on a […] Read More
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Congress and the SEC: Market Structure Crossroads
On Thursday, June 22, two House Financial Services Subcommittees held hearings on oversight of the SEC. Using these hearings as a partial backdrop, we identify a few equity market structure […] Read More
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Open Call: SEC Proposals on Reg NMS & Order Competition Rule
On December 14, 2022, the SEC proposed four rule filings relating to wholesale changes to equity market structure. The comment period for letters expired March 31, during which numerous leading […] Read More
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Open Call Recap – SEC Equity Proposals: Disclosure of Order Execution Information (Rule 605)
On December 14, the SEC unveiled its largest and most comprehensive set of proposed reforms to the US equity markets since Reg NMS was instituted in 2005. While these proposals […] Read More
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Open Call: The State of Private Markets
The private markets continue to evolve, creating opportunities for managers, investors and companies. This open call focused on four main areas. First, we discussed the infrastructure of private markets compared […] Read More