Saturday 28th March 2015
NEWS TICKER, FRIDAY MARCH 27th 2015: Moody's Investors Service has assigned an A2 rating (stable outlook) to the certificates of deposit issued by Barclays Bank Plc, New York Branch. The certificates of deposits will be direct, unsecured, senior obligations of Barclays Bank plc, issued by its New York Branch and will rank pari passu with all other present and future unsecured and unsubordinated obligations of Barclays Bank Plc - The Straits Times Index (STI) ended +18.51 points higher or +0.54% to 3450.1, taking the year-to-date performance to +2.52%. The FTSE ST Mid Cap Index gained +0.18% while the FTSE ST Small Cap Index gained +0.47%. The top active stocks were SingTel (+1.38%), DBS (-0.15%), UOB (+1.13%), Golden Agri-Res (+7.41%) and Keppel Corp (-1.11%). The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+2.32%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (unchanged) and Geo Energy Resources (-0.51%). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -1.06% with Keppel Corp’s share price declining -1.11% and Sembcorp Industries’ share price declining -1.15%. The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-1.43%), SPDR Gold Shares (-1.19%), iShares USD Asia HY Bond ETF (+1.05%). The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.92%), Suntec REIT (unchanged), CapitaCom Trust (-1.13%)

Research says lack of data consolidation is pushing buy side flow into dark pools

Friday, 20 April 2012
Research says lack of data consolidation is pushing buy side flow into dark pools New research from TradeTech Pulse suggests that the lack of data consolidation and established data standards across Europe is increasingly pushing asset managers to direct flow into dark pools, as they are finding it so hard to navigate across the fragmented nature of the markets in Europe. The research also reveals that between 30%-40% of asset managers’ trading flow is now being executed in an OTC environment, however not all asset managers trade in dark pools. And contrary to the popular assumption, avoiding high frequency traders is not the major reason that an asset manager will direct flow into a dark pool. The majority of the respondents believe they will be trading high volumes in a greater variety of dark pools in a few years’ time. http://www.ftseglobalmarkets.com/

New research from TradeTech Pulse suggests that the lack of data consolidation and established data standards across Europe is increasingly pushing asset managers to direct flow into dark pools, as they are finding it so hard to navigate across the fragmented nature of the markets in Europe. The research also reveals that between 30%-40% of asset managers’ trading flow is now being executed in an OTC environment, however not all asset managers trade in dark pools. And contrary to the popular assumption, avoiding high frequency traders is not the major reason that an asset manager will direct flow into a dark pool. The majority of the respondents believe they will be trading high volumes in a greater variety of dark pools in a few years’ time.

Trading in the dark, a buy side perspective sets out to a provide a more accurate picture of how large, medium and small asset managers across the continent have traded over the period between 2007 and 2011, how and why they use OTC and dark pool alternatives and, in their view, the critical issues that they need addressing to improve their trading environment. The results are interesting and sometimes surprising and will be used by the asset management trading community for benchmarking.

Asset managers were asked to compare quality of information, provision of liquidity and satisfaction of service across a range of different types of off-exchange execution venues. The research found that asset managers have significantly increased the amount of control they have over their trading in the last 5 years, increasingly deciding where and when to execute orders rather than leaving this decision to their brokers. 



The research report concludes that if regulators are concerned about dark pools, they must first address the need to more easily aggregate and improve the quality of data. Secondly they must continue to promote a more level playing field across market infrastructure that will lower costs for all participants, accelerate consolidation and reduce the current incentives for market participants to excessively create and use large numbers of dark pools and crossing networks.

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