MMI’s Kirsten Wenger was named among The HIll’s list of the most distinguished and accomplished professionals from the influence world who are on the front lines of the nation’s most consequential political and policy battles.Read More
Imagine this: free college tuition for everyone, and all we have to do is impose a tiny tax on big-money financial institutions when they buy and sell shares of stock. Maybe that sounds good on the surface, but it doesn’t pass a freshman economics class.Read More
Institutional investors continue to navigate a challenging landscape marked by geopolitical risks, low yields and sizable long-term obligations. Now, coming from Sen. Bernie Sanders, I-Vt., is another challenge posed by the so-called financial transaction tax included in the Inclusive Prosperity Act of 2017.Read More
On May 14, MMI was excited to join NCPERS in ringing the closing bell at the NYSE. MMI celebrated the public service in our communities of the NCPERS trustees for teaching our children, policing our streets, and being there if need be to run into a burning home. Also, the vital work of the pension fund trustees in working to advance secure retirement.
The events of the past few days have reopened important conversations about the role of professional intermediaries using High Frequency Trading tools to provide liquidity during market ups and downs.Read More
BNP Paribas has partnered with electronic market-making firm GTS for US Treasury trading, cementing a new era of collaboration between banks and high-frequency trading firms in an increasingly electronic market where technology is providing the competitive edge.Read More
Modern Markets Initiative (MMI), a trade group representing several prominent high-frequency trading firms, announced the appointment on Wednesday of Kirsten Wegner as its new chief executive officer.Read More
Bill Harts, CEO of the Modern Markets Initiative, is one of the panelists who will be considering “Trading in the new normal environment” at the Intelligent Trading Summit in New York on June 8.Read More
The SEC couldn’t gain nearly unrestricted access to trading systems’ computer software under a new Republican proposal to overhaul the Dodd-Frank Act. House Financial Services Chairman Jeb Hensarling would require the SEC to obtain a subpoena before getting access to source code, according to a committee memo laying out changes to his Financial Choice Act.Read More
Rachel Evans and Annie Massa report Precidian Investments has unveiled a new suite of strategies for an innovative type of actively managed product that’s packaged as an exchange-traded fund.Read More
Bill Harts speaks to top IR firm Sharon Merrill for its The Podium blog where he wants investor relations people to know that high-frequency trading firms generally are making their stock much less expensive to trade for their shareholders – and even for the companies themselves.Read More
This Proposed Rule threatens to erode confidence in our country’s resolve to uphold the regulatory standards that protect the innovation that drives much of our economy. Despite the changes in the proposed rule as listed in the Supplemental, it still grants a government agency the ability to bypass due process to access confidential and highly sensitive trade secrets protected by intellectual property rights. As such, this provision should not be included in the final rule and the subpoena process should remain.