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The 20 greatest trading innovations

The TRADE

In years gone by, buy-side firms have placed orders via a sell-side broker to be traded on exchange. However, DMA is the process of directly connecting electronically to an exchange in order to trade on exchange securities without using a broker or intermediary.

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The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?

The TRADE

“The tick size proposal, in name only, is simple and one-dimensional, but in practice, there are changes to rebates, there are changes to pricing tiers, there are changes to odd lot data that’s being disseminated,” says Eric Stockland, managing director, electronic trading for BMO Capital Markets. “This is like a big plumbing change and it’s (..)

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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

Its impact on the financial market has been wide-ranging, altering banks’ trading strategies, market liquidity, and overall financial market structure. The regulation also introduced strong customer authentication (SCA) requirements to bolster security and limit fraud in electronic payments.