Global Trading

OCC’s plan to tweak how much its members deposit into its US$22bn clearing default fund has opened a pointed debate between retail brokers, which say the new model overstates their […]

Rule 605 was built to show investors how well market centers execute covered orders. But for alternative trading systems and institutional market makers, the legacy disclosures capture only a slice […]

According to 605 disclosures, as average retail per-share trade size and total executed shares grew 56% and 40% respectively since February 2025, the six biggest US retail market makers provided […]

Mosaic Finance ran out of road before it could benefit from upcoming changes in Eurex’s rulebooks. After spending years and significant resources fighting a practice it said distorted competition in ultra-low-latency trading, and the last year in safeguard proceedings, the firm’s move into judicial restructuring closes a long-running battle over whether corrupted packets gave rivals an unfair edge.

Global Trading is an industry-leading news service for the global equities capital markets: providing information, education, insights and analysis for senior professionals working within trading and execution across Europe, the UK, North America, APAC and other emerging markets. With a focus on the intersection between the buy and sell-sides, Global Trading covers all industry elements from technology and trading strategies to regulation, best execution, market structure and liquidity.

For years, buyside traders in Japan have complained about indirect execution costs resulting from high-frequency trading. Now, a surge of retail activity handled by HFT-free Proprietary Trading Systems (PTSs) has […]

A US lawsuit claiming Optiver infringed field programmable gate array patents used in high frequency trading is moving toward trial, with the latest filing focused on how a jury should […]

Nasdaq and CME are both moving market infrastructure toward the cloud, but in very different ways: the former keeps the critical path to the matching engine, the network, within its […]

As markets grow more complex and cost pressures intensify, outsourced trading is moving from niche solution to mainstream strategy. The appeal is clear: instant access to global liquidity, specialist expertise across asset classes and regions, and a variable cost model that scales without adding headcount.

Every quarter, MSCI's index rebalancing announcements offer a potential windfall to traders who take positions in added or deleted stocks Four times a year, MSCI Inc gives equity traders a […]