Our Media
The Problem With ‘Funded Trader Programs’: Traders Become the Product
The post-GameStop trading boom brought retail trading into the spotlight, sparking a rise in “funded trader programs” marketed as low-risk opportunities for aspiring traders. However, these programs often exploit traders through high fees, unfavorable trading conditions, and misaligned incentives, ensuring the firms profit regardless of traders’ success.
Humans vs. AI in The Stock Market: The Worst Trade Ever Made?
While AI promises innovation, it magnifies volatility and accountability issues, as seen in events like the 2010 Flash Crash. The rise of algorithmic trading demands urgent regulatory focus to balance technological advancements with human oversight, ensuring financial markets remain transparent and accountable.
The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?
As the Securities and Exchange Commission undergoes its biggest equities shake up in 18 years to bolster best execution, Wesley Bray explores what the changes could mean for institutional investors.
HSBC’s head of artificial intelligence for markets departs for JP Morgan
AFME chief says inclusion of sufficient pre-trade information has been lost in negotiations and could lead to suboptimal outcomes.
All eyes turn to SEC as EU finally bans PFOF
The EU has been reviewing its rules to reflect advances in trading technology as well as the departure of the United Kingdom from the bloc, presenting new competition to EU markets.
Artificial Intelligence and its Discontents
The application of artificial intelligence to financial markets has been making the headlines in recent weeks. Each day we see new articles about the countless and evolving use cases of chatbots and machine learning for trading and other varieties of capital allocation.
US watches EU moves on PFOF
A recent decision from the European Parliament to ban the practice could influence regulators across the pond.
SEC market structure reform: ill-fitting solution for a non-existent problem
Detractors accuse the regulator of devoting unnecessary resources to a well-functioning system that benefits retail investors.
Retail auctions kill competition, market-makers say
A proposal from the SEC to process retail orders through auctions could significantly harm competition, putting investors at risk of poor execution.