Wall Street Letter VOL. XLVI, NO. 7 - July 2014 | Page 7

JULY 2014

to working on
their mobile
device. We do not
expect mobile to
be a primary way
to execute, but it
RICK LANE
is certainly a good
CEO of Trading
monitoring tool.
Technologies
Nowadays, people
expect to have a mobile component.”
The company has spent about two
years building Nextrader out and will
use X_TRADER’s core functionality in fixed income and futures as a
starting point, with other asset classes
being considered as well, Lane noted.
He added that changing regulations
have been a big driver in building out
this offering.

changes “could bring volume back
onto exchanges, limiting internalization”, it stated. Specifically, KBW
analysts estimated exchanges could
gain back 10-15% of the volume lost
to broker-run dark pools.
Participants across the rest of the
industry, including exchanges, market
makers, agency brokers and proprietary trading firms, are likely to see
long-term impacts, the report stated.
The report also noted that a pending requirement for firms using
high-frequency strategies become
registered at the SEC could have a
negative impact