You are viewing all posts by, Ralston Roberts Jr

senior managing director, SunGard's capital markets business

4
Apr
2012

What brokerages must do to succeed in 2012

Contributor:

With 2012 underway, it’s clear that caution is at an all-time high among investors. This is reflected in shrinking trading volumes and tighter brokerage commissions—a sharp contrast to years past, according to major media reports. To stay ahead, brokerages across the globe will likely have to redouble their efforts to attract and keep more investors this year. Luckily, trading firms will have an array of regulatory reforms and directives, electronic trading and connectivity tools, emerging standards and some cutting-edge options at their disposal to help them attract more investors and bolster their fortunes.... read more

senior managing director, SunGard's capital markets business

7
Oct
2011

US equity markets the most efficient deficient market

Contributor:

There is a distinct irony in regulators pushing for speed bumps in US equities markets after we’ve spent the last decade to make the national market system faster. Increasingly, when it comes to the efficiency of US equities markets, it’s safe to say that we should be careful for what we wish for. You might even argue that we did the job too well. American equities markets have been through a succession of gyrations—decimalization, Nasdaq’s SuperMontage order entry and execution platform, and the RegNMS reforms that brought the trade-through, access and sub-penny rules. The push for uber-efficiency has continued with new rules governing the activities of “large traders,” FINRA’s expansion of the order recording and reporting obligations for OATS to include orders in all NMS stocks, and an effort to limit the use of IOIs in dark pools.... read more