 |
 |
|
| Training > Training Courses > Trends
in Market Microstructure |
|
|
| |
|
The financial markets are evolving at ever faster rates. If you
are a recent graduate or have been working in the field for several
years your market knowledge may already be outdated.
This course, continuously updated with the latest industry and
academic developments, covers the drivers of change and their
implications.
NYSE has
- merged with an ECN Archipelago
- become a public company
- converted seat holders to annual licenses
- began trading more options and bonds
- merged with Euronext
- implemented the Hybrid system to trade stocks
NASDAQ has
- purchased the BRUT and INET ECN’s
- become a true exchange and for profit public company
- effectively spun off market makers to the Trade Reporting
Facility
- plans a new options market
- implemented new open and close crosses
- acquired the majority equity of the London Stock Exchange
Reg NMS directs how orders must be routed and trades conducted
New markets have been created taking order flow from the Exchanges
- ECN’s
- Liquidnet
- Pipeline
- Posit
- Level
- BIDS
- NYFIX Millenium
Algorithmic Trading
- Pre and post trade analytics and execution quality models
- The shift of execution quality to the buy side from the sell
side
- The search for dark liquidity
- Understanding Algorithms – VWAP, TWAP, and all the
varieties and vendors
Wrap up, summary and sources of further information.
|
