Wednesday, 1 October 2014
Last updated 9 hours ago
Aug 30 2013 | 10:15am ET
The more shares a hedge fund trades, the more interested it is in how those shares are traded, a new survey shows.
Hedge funds that trade more than a million shares a day want more information about the algorithms used by their brokers, according to the Tabb Group poll. Some 79% of such firms question their brokers about those algorithms, compared to just half of hedge funds trading less.
Three-quarters of the larger hedge funds find the information provided in response to their queries helpful. Just 36% of the smaller hedge funds concurred.
"Given the myriad idiosyncrasies from one broker's algo to the next, the task of understanding the core logic and capabilities of a given algo has never been more challenging," Adam Sussman and Colby Jenkins, who wrote the Tabb report, said.
Tabb also polled hedge funds about their favored algorithm providers, finding Credit Suisse, Morgan Stanley, Goldman Sachs, Bank of America Merrill Lynch and JPMorgan Chase top the list.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...