The last 15 years on Wall Street stand as a monument to technological innovation, data analysis and accelerated performance. But despite the size of their balance sheets, these advances were not initially brought forth by household Wall Street names of the time. Instead, the rise of electronic trading that has helped democratize market access and… Read more »
Posts Categorized: Blog
Succession Systems LLC Launches New Website
October 29, 2015 New York We are excited to announce the launch of our new corporate web site. Our goal was to provide visitors with an easier way to learn about our products and the customized solutions we offer our clients. The redesigned web site has an entirely new look and feel. It is interactive,… Read more »
Connecting the Spine to the Brain: DTCC Limit Notifications
To improve risk controls, different systems across the industry need to start working together. Last month, the DTCC announced a real-time limit monitoring system to alert brokers if they approach pre-set capital limits.Could this help to standardize risk limit notifications across all participants? And, can we connect the spine to the hands and the feet of… Read more »
Market Access and Knight Violation
In 45 minutes, Knight Capital unintentionally acquired a $3.5 billion net long position in 80 stocks and $3.15 billion net short position in 74 stocks. An algo, not able to ‘read’ the accumulated fills, kept sending orders to market. Knight’s proprietary trading systems were not tied into the firm’s overall credi thresholds. Read More
Knight Impact for Buy Side
The SEC Enforcement Order against Knight calls for Brokers to institute fully automated ‘lock downs’, prohibiting orders from entering the market if risk thresholds are reached.Called ‘kill switches’, are you aware of the conditions that could trigger a lock down and how it would affect yourorders and position? Read More