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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (90798)	3/19/2017 6:51:38 PM
From: puborectalis	Respond to of 218676

More and more trading is conducted on electronic platforms, handing an opportunity to new, tech-savvy playersThese "non-bank liquidity providers" account for 15% to 35% of volumes in spot foreign exchange and stock marketsThey're now pushing in to new markets, and could win $2 billion to $3 billion in revenuesWall Streeters call it "electronification." Bustling trading floors, where traders for years elbowed each other out of the way to land a trade, gradually close down. Trading moves to electronic platforms, and new smarter, faster tech-savvy players emerge. It's already happened in foreign exchange and the stock market. According to Morgan Stanley and Oliver Wyman, non-bank liquidity providers ? the newer tech-savvy entrants ? now account for 15% to 35% of volumes in spot FX and developed listed equities markets. "High frequency traders were first, but the new and more threatening class of entrant deploys capital and takes positions to support market making," the two firms said in a joint report. "Non-banks benefit from lower regulatory costs, but most importantly they rely on market-leading algorithms and data interpretation rather than salespeople and traders to deliver tighter prices in the market."