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29 August 2014

HFT, Maker-Taker and Small Brokers: There Goes the ...

Marlon Weems, Hillcrest Strategies

As the regulatory and technological requirements to compete in the capital markets have multiplied, many small brokers have built revenue from payment for order flow into their business models. For many of these firms, there is no Plan B. rest of story...

Videos

  • Rail_thumb_ari

    Is Speed Commoditized?

    The latest front in the high-speed arms race on Wall Street is microwave technology. But recent developments are likely to level the playing field rather than give proprietary traders an advantage, suggests Ari ...
     
  • Rail_thumb_katsuyama

    Flash Boy Katsuyama on Market Structure

    Brad Katsuyama, the founder of IEX who was featured in Michael Lewis’s high-frequency trading novel 'Flash Boys,' talks to the FT’s Nicole Bullock about the conflicts exchanges face and ...
     
  • Rail_thumb_chilton

    ‘It’s Important to Have Cross-Fertilization’: Chilton

    Former CFTC commissioner Bart Chilton, who was enlisted this week as an adviser by HFT industry group Modern Markets Initiative, speaking on CNBC, says it’s important to have people from the private sector ...
     
 

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Equities Opinion & Analysis

 
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10 Words That Could Subvert the Tick Pilot

Kevin Foley, AQUA

The tick pilot proposal submitted to the SEC by the exchanges and FINRA expands the scope of the trade-at requirement in what looks to be an obvious attempt on the part of the exchanges to promote their own interests. Continue

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