Themis Trading Blog

The Canadian Cherry-picking “Anti-HFT” Payment for Order Flow Kaleidoscope

24

Oct, 2014

kaleidoscope

Canada’s TMX Group has just announced some changes to how it intends to operate its stock exchanges, and you should be aware of these changes whether or not you trade in Canada. The fact is, Global markets are connected, national regulatory structures are unique and disparate, and capital flows to environments and countries with the “friendliest structures.” To start with, here is a Reuters article on TMX’s latest change, and here is the official TMX announcement.

 

Background

In recent years the TMX Group was bought out by a consortium of investors…
[ continue reading this post » ]

Post a Comment

You must be logged in to post a comment.

 

What Really Happened in the US Government Bond Market on the Morning of October 15th?

21

Oct, 2014

ust

What happened in the US government bond market on the morning of October 15th?  We have been hearing veteran bond traders say that they had never seen anything like it and that the bond market doesn’t work that way.  Did the US Treasury market, arguably the most liquid market in the world, experience a Flash Crash (or actually a Flash Dash since prices rose and yields fell)?

The NY Times wrote an excellent article yesterday chronicling the events of last Wednesday:

After the Treasury market opened, the yield on the 10-year Treasury, which moves in the opposite direction of
[ continue reading this post » ]

Post a Comment

You must be logged in to post a comment.

 

Athena – Goddess of War on the Close

17

Oct, 2014



New Market Structure Class Action Lawsuit Focuses on Payment For Order Flow

14

Oct, 2014



Seek Out Tradebook’s Ray Tierney, Give Him A Fist-Bump, and Toss Him A Schlitz!

09

Oct, 2014



Improving VWAP Performance

07

Oct, 2014



Michael Lewis’s Flash Boys – and its Accuracy

03

Oct, 2014



Derek Jeter Just Started Fragmenting Sports Content!!!

03

Oct, 2014



HFT Lobby Position Paper on Market Structure – and Trojan Horses

01

Oct, 2014



Some Advice For Would-Be Corporate Bond Market Structure Reformers

26

Sep, 2014



Home | Who We Are | The Themis Approach | Market Structure Analysis | Newsroom | Blog | Contact
Member FINRA & SIPC | Regulatory Disclosures | Copyrights ® 2014 All Rights Reserved By Themis Trading LLC
wp_footer()