Media Room

Stock Exchanges Seek Curbs on Dark Pools to Fight Exodus

Three large U.S. stock exchanges are lobbying for new limits on dark pools and other competitors, arguing that too much trading has become hidden on private venues that create more cost and volatility in public markets.

Source: Bloomberg NewsDate: Tuesday, June 04, 2013

Thriving Through Change: A Q&A With Rosenblatt's Gawronski

Agency-only floor broker Rosenblatt Securities is used to change, says president and chief operating officer Joe Gawronski.The company was founded by floor broker Dick Rosenblatt in 1979, as a $2 broker, handling overflow business for other brokers.

Source: Traders MagazineDate: Wednesday, April 24, 2013

Shining More Light On Dark Pools

The Barclays LX dark liquidity crossing network has introduced what it calls a “toxicity framework” – a way of policing an electronic trading venue with diverse participants such as international traders, hedge funds, high frequency traders and others.

Source: Institutional InvestorDate: Thursday, March 21, 2013

Credit Boom Warning Sign? Buybacks Hit $1 Trillion

Corporate buybacks have surpassed the $1 trillion mark for the first time since 2009, a sign the credit boom is reaching new heights, according to Brian Reynolds, chief market strategist at Rosenblatt Securities.

Source: CNBCDate: Thursday, March 07, 2013

Institutions Confront ‘Illusion of Control’ Over Orders

Back when the New York Stock Exchange and the Nasdaq Stock Market operated a duopoly in equities trading, an institutional trader always knew where an order was being handled and who to yell at, according to Justin Schack, managing director of Rosenblatt Securities, the agency broker.

Source: Traders MagazineDate: Thursday, February 28, 2013

Wedge Partners With Rosenblatt For Execution Services

Wedge Partners, a leading provider of US and China technology, media and telecom (TMT) independent research, is pleased to announce that it has partnered with Rosenblatt Securities, a leading agency institutional brokerage firm, to provide execution services for its clients. Wedge’s clients will be able to leverage Rosenblatt’s full suite of execution tools, from upstairs portfolio, single stock, ETF and options trading to NYSE floor access.

Source: Wedge PartnersDate: Thursday, February 28, 2013

Dark Pool Share of Trading Hits All-Time High

All told, average volume of trading in the dark pools tracked by Rosenblatt reached 921 million shares a day, or 14.33 percent of consolidated volume of 6.43 billion shares on all unlit and public venues. Rosenblatt does not track volume in Merrill Lynch’s Instinct X dark pool.

Source: Traders MagazineDate: Wednesday, February 27, 2013

Dark Pools Take Record Share of Trading, Rosenblatt Says

Dark pools accounted for a record share of U.S. equity trading in January as a decline in market volatility steered more business to off-exchange venues, according to a report from Rosenblatt Securities Inc.

Source: Bloomberg NewsDate: Wednesday, February 27, 2013

Dark Pools Grab Market Share —Rosenblatt Report

Dark pools garnered a record-high share of US equity trading volume in January, a month in which volatility dropped sharply, according to Rosenblatt Securities’s Monthly Dark Liquidity Tracker.

Source: Advanced TradingDate: Wednesday, February 27, 2013

Competition Heats Up In Equity Options

Gary Wishnow, managing director, derivatives sales and trading, Rosenblatt Securities, says: “Equities has seen three straight years of falling volumes, but I would be surprised if we saw another drop in the US options market. Any bump in volatility, whether driven by the Fed raising interest rates or other macro events, should result in increased activity and that should once again return the options market to its pattern of year-on-year gains.”

Source: FTSE Global MarketsDate: Monday, February 18, 2013