Opinion

Stock picking with real-time news

I now know why Google's staff are so rich and wealthy. It's not down to their shares, which rocketed since the 2004 IPO: because, like everyone else's, it's also tanked. Google's stock peaked at the end of 2007 at over $700 per share and is now down at just under $400. Result: there must be…

GoogleStockPriceGraph

Arguing about Twitter is a waste of time

There have been various arguments about Twitter in the last few months and whether the alerts tool is useful or not. I started one debate a while ago and now there is another one (maybe). First, let me set the record straight before folks think I'm a puritanically obsessed Twitterati. At a personal level, I…

Why mobile banking has taken so long

I had a call the other day about the success of Chip & PIN. This is because of the latest fraud figures from APACS, which shows UK retailer fraud shrank from £73.2 million in 2005 to £37.5 million in 2008.  This year, merchant fraud has risen 26% to £47.4 million, the largest jump in criminal…

Why mobile banking has taken so long

I had a call the other day about the success of Chip & PIN. This is because of the latest fraud figures from APACS, which shows UK retailer fraud shrank from £73.2 million in 2005 to £37.5 million in 2008.  This year, merchant fraud has risen 26% to £47.4 million, the largest jump in criminal…

MTFs versus Incumbent Exchanges, Round Two

As mentioned yesterday Andrew Silverman, Managing Director Electronic Trading for Morgan Stanley, chaired the second day session’s at TradeTech with a great dialogue about attracting liquidity between the new exchanges, the Multilateral Trading Facilities (MTFs) created by the Markets in Financial Instruments Directive (MiFID), and the incumbents. This led to a second discussion of the…

MTFs versus Incumbent Exchanges, Round One

There were two more great discussions during TradeTech that compared and contrasted the incumbents with the new MTFs. The first focused upon attracting liquidity and what that means; the second on the likely view for the future of trading venues. The first discussion was a debate amongst a panel comprising: Hirander Misra, COO, Chi-X Europe;…

Order routers not providing Best Execution

I said my favorite presentation was Mark Howarth’s yesterday because my favorite subject is the new alternative exchanges – the Multilateral Trading Facilities (MTFs) – that have emerged in Europe as a result of the Markets in Financial Instruments (MiFID) implementation. Chi-x began trading two years ago, soon to be followed by Turquoise, BATS, NASDAQ…

Order routers not providing Best Execution

I said my favorite presentation was Mark Howarth’s yesterday because my favorite subject is the new alternative exchanges – the Multilateral Trading Facilities (MTFs) – that have emerged in Europe as a result of the Markets in Financial Instruments (MiFID) implementation. Chi-x began trading two years ago, soon to be followed by Turquoise, BATS, NASDAQ…

Order routers not providing Best Execution

I said my favorite presentation was Mark Howarth’s yesterday because my favorite subject is the new alternative exchanges – the Multilateral Trading Facilities (MTFs) – that have emerged in Europe as a result of the Markets in Financial Instruments (MiFID) implementation. Chi-x began trading two years ago, soon to be followed by Turquoise, BATS, NASDAQ…

FSA Liquidity Reporting to cost up to £2 billion

Just received an interesting note from PJ Di Giammarino, Chair of our Capital Markets Chamber (who meet this Thursday**) and building on his comments from last week. He’s been looking through the lines of the FSA’s latest “Strengthening Liquidity Standards 2”, which we debated last month, and finds that Chapter Seven suggests that the 661…