www.varchev.com

HFT dominated the NYSE

Rating:

12345
Loading...

On the floor of the NYSE, high-frequency traders already rank.

Barclays is another of the big investment banks, which refused the status of "market maker" by selling his business of GTS, high-frequency trader reported 3-5 percent of the daily volume of the shares in the US.

GTS, which is a market maker in futures, commodities and fixed income products, did not disclose terms of the deal. However, HFT will become a major market maker for 1,200 listed securities, including shares of Berkshire Hathaway Warren Buffett, ExxonMobil, Twitter and Alibaba.

Barclays' sale applied last nuance in the changing landscape of stock trading. Regulatory change that paves the way for competition and the rise of automated trading lead to the end of the dominance and shrinking profits for floor traders on the NYSE, known as specialists.

"The industry is transformed into a big business data," said Ari Rubenstein, co-founder and CEO of GTS. "This will be companies that invest in technologies that will be leaders in this space." Unique to the New York Stock Exchange is that it is the only market with human Finding out the person responsible for each offer "

In 2014, Goldman Sachs sold its business DMM Dutch HFT company IMC Financial. In addition GTS and IMC, the floor also HFT firms KCG and Virtu Financial, as well as traditional market makers Brendan E Cryan and J Streicher.

The debate about whether trading floor must exist still rages. Technological problems, including flash crash in 2010 expressed concern about the very large control of the trade of machines, but the increased volatility on August 24 last year, when some of the listed shares on the NYSE opened belatedly showed the limits of human possibilities of traders led to support control of trade by computers.

"We continue to believe in the model DMM and the benefits it can bring to issuers. However, with evolving market structure, we also believe that a firm specializing in the technology market maker by GTS, is best suited for improving NYSE DMM business, "said Joseph Mecca, managing director of the business of electronic shares and loan products in Barclays.


 Varchev Traders
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy