Human Judgement.

Select Vantage is the only trading firm that marries human judgement with advanced technology on a global scale. We offer a common trading, education, risk-management, compliance and surveillance platform to traders in 50 countries.

Our unique business model provides employment opportunities for thousands of individuals in emerging economies. And our traders’ differentiated liquidity helps support vibrant markets for hundreds of smallcapitalization and emerging-growth companies worldwide.

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LATEST NEWS

SEC market structure reform: ill-fitting solution for a non-existent problem - Published on February 14th, 2023

Detractors accuse the regulator of devoting unnecessary resources to a well-functioning system that benefits retail investors

Retail auctions kill competition, market-makers say - Published on January 31st, 2023

A proposal from the SEC to process retail orders through auctions could significantly harm competition, putting investors at risk of poor execution

Why Wall Street Is Clashing Over the SEC’s Stock-Trading Overhaul" - Published on December 15th, 2022

A planned overhaul of US stock-trading rules was greeted with skepticism by some financial firms that said, essentially, “If it ain’t broke don’t fix it.”

"A Simple Remedy for Payment-for-Order-Flow" - Published on November 21st, 2022

Payment for Order Flow (PFOF) schemes are falling under increasing regulatory scrutiny for a very simple reason.

"PFOF non-ban deals major blow to SEC agenda" - Published on November 11th, 2022

The absence of a ban on payment for order flow is in contradiction with chair Gensler’s original plans.

"Trading In The Spotlight" - Published on September 28th, 2022

As the financial industry digests the SEC's long-awaited decision on Payment-for-Order-Flow – and Netflix's treatment of the GameStop saga that brought about the intense scrutiny of the controversial policy - we spoke to the CEO of a professional trading firm with an unusual degree of familiarity with the world of financial regulation.

"An Elegant Solution to PFOF and Related Perversions" - Published on August 5th, 2022

As Payment-for-Order-Flow (PFOF) is coming under increased scrutiny in both the US and EU, professional trading chiefs propose a unique solution of their own.

"As US regulators warn brokerage firms and investors of the risks involved, the retail trading boom shows no signs of slowing" - Published on April 24th, 2022

The trading of Twitter shares over the past couple of weeks has been at an all-time high for retail investors. In April so far, trades in the stock have been 11x higher than the monthly average since 2020, the Wall Street Journal reports.

"Corporate Menswear Relaxes Its Dress Code, As Corporations Aim To Attract New Talent" - Published on January 21st, 2022

Daniel Schlaepfer recently spoke to Forbes about trends in professional trading, Payment-for-Order-Flow, the increasing costs of regulation, his recent lawsuit against ASIC, and why he'd cut off your tie if you wore one to the office.

"Daniel Schlaepfer: “There Is No Such Thing As Free Day Trading" - Published on November 9th, 2021

As more people engage in trading activity, we talked to Daniel Schlaepfer, President and CEO of global market-making firm Select Vantage Inc. (SVI) to discuss the exponential growth of day trading and the regulatory measures that need to be taken to ensure fair trading.

"Stop the PFOF Game" - Published on October 26th, 2021

Last week's long-awaited release of the SEC's report on January's GameStop saga highlighted the role of payment-for-order-flow (PFOF) in the 'gamification' of day trading, but stopped short of banning the practice outright.

Select Vantage Canada CEO appointed to Ontario Securities Commission (OSC) - Market Structure Advisory Committee (MSAC) - Published on September 22nd, 2021

The Ontario Securities Commission (OSC) announced today the membership of the Market Structure Advisory Committee (MSAC) for the 2021–2023 term.

Established in 2011, the MSAC serves as a forum to discuss issues associated with market structure and marketplace operations. The MSAC also acts as a source of input and feedback for OSC staff to help facilitate the development of policy and rule-making initiatives that promote investor protection, fair and efficient capital markets, and confidence in those markets.

Select Vantage INC. (SVI) Statement following June 30th 2021 verdict of appeal

"Mr. Schlaepfer is pleased that ASIC’s truth defence has been struck down, rejecting the finding that Select Vantage Inc. (SVI) traders had engaged in market manipulation."

Bull and bubble: Frenzied retail trading, outrageous valuations, easy money drive market madness

Published on: The Globe And Mail - January 29, 2021

High-flying stocks crash to earth as trading platforms hit the brakes

Published on: The Globe And Mail - January 28, 2021

The rise of day trading should be celebrated

Published on: The Parliament Magazine - October 16, 2020

Pragmatism not posturing should drive Brexit talks

Published on: Financial Times - July 3, 2020

Revenge of the robots: What is driving the market’s wild swings

Published on: The Globe and Mail - March 30, 2020

High-Frequency Traders Feast on Volatile Market

Published on: WSJ - March 27, 2020

Select Vantage CEO appointed to Ontario Securities Commission (OSC) Advisory Committee

Published on: Ontario Securities Commission - September 2, 2019

Trading firm turns to sports science for a bit of extra pace

Published on: FN London - September 2, 2019

Daniel Schlaepfer Follow

President & CEO Select Vantage, matching technology with human insight across global markets. Named in @Top40_40 & @Concordia 50 Under 50. @OSC_News MSAC member

More zero-day options contracts could be magnifying market swings, but the daily expiries also allow investors to make more targeted bets or hedge risk around specific events. The added volume also increases liquidity, which makes markets less risky: https://www.ft.com/content/a80f8b2c-a68a-4dfb-8054-116c30edfae9

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It’s good to see EU lawmakers take on member states over PFOF. Let’s hope this makes the EU rethink its decision to permit PFOF, something which I’ve long argued finances the illusion of free trading to the detriment of retail investors. https://www.reuters.com/markets/europe/eu-lawmakers-set-up-clash-with-member-states-over-share-trade-ban-2023-03-01/

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The MiFIDII review gives us an understanding of the key to the future success of EU capital markets. If we want to see the eventual ban on PFOFs in the EU markets, institutions involved need to start making more noise.
https://www.efama.org/sites/default/files/files/230117_MiFIR%20joint%20letter_BVI-EFAMA-EFSA-NSA%20-%20Final.pdf

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Excellent to be quoted by @Business alongside the likes of the NYSE and Nasdaq along with SVI's Ian Bandeen following the SEC's proposals for enhanced competition for segmented orders. (Full quotes online)

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https://www.benzinga.com/22/11/29802168/a-simple-remedy-for-payment-for-order-flow - SVI's Ian Bandeen and I via @Benzinga on how we remedy PFOF issues

‘Our simple remedy is to reduce the minimum pricing tick to a tenth of a cent... Why not just take away the economic incentive and return it to its real owners, the investing clients?’

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