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Electronic Trading

Electronic Trading

5.81k followers10 symbols Watchlist by Motif Investing

Technological advancements and the demand for low-cost, fast trade executions could drive growth for electronic trading companies.

Curated by Motif Investing

Background

Investing has increasingly moved from the exchange floor to complex algorithms and electronic trading platforms. Today, the vast majority of US equity trading volume happens online. And the pace of change continues to jump. Electronic trading represents more than half of the $5.3 trillion-a-day foreign-exchange market, according to a Euromoney Institutional Investor Plc survey, as increasing competition, diminishing trade volumes and the need for low-cost execution has driven many financial firms to embrace electronic trading and reap the benefits of lower bid-ask spreads and efficient order management systems.

How did we choose these stocks?

We identified US-listed stocks and American Depository Receipts of companies that are engaged in activities relevant to this watchlist's theme. We then filtered out companies that have a share price of less than $1.00 or a market capitalization less than $100 million, and excluded illiquid stocks by screening companies for liquidity i.e. average bid-ask spreads, dollar volume traded etc. Finally the proprietary Motif Optimization Engine determined the constituent stocks. Learn more about how we select our watchlists.

Who made these selections?

Motif is an online brokerage built on thematic portfolios of up to 30 stocks and ETFs. Founded in 2010 by Hardeep Walia, Motif combines complex proprietary algorithms with skilled advisers to develop these thematic portfolios. Learn more about our team.

How are these weighted?

First, we determined each company's percentage of total revenue derived from this watchlist's theme. Second, we applied a pure-play factor to give greater relative weight to companies that derive a higher percentage of their revenue from this theme. Finally, we weighted each company by its market capitalization adjusted for revenue exposure to the theme.

More details on how we build and weight watchlists are available here.

Performance

WatchlistChange today1-month return1-year returnTotal return
Electronic Trading-2.52%+40.49%+3.46%+48.95%
^GSPC-2.37%-5.66%+9.11%+3380.56%

10 symbols

SymbolCompany nameLast priceChange% changeMarket timeVolumeAvg vol (3-month)Market cap
CMECME Group Inc.162.35-4.24-2.55%4:00 pm GMT-41.46M1.72M58.22B
ICEIntercontinental Exchange, Inc.97-1.80-1.82%4:00 pm GMT-42.36M3.05M54.44B
TRIThomson Reuters Corporation77.52-0.64-0.82%4:00 pm GMT-4448.80k491.88k38.50B
NDAQNasdaq, Inc.119.73-3.59-2.91%4:00 pm GMT-4563.71k700.14k19.67B
IBKRInteractive Brokers Group, Inc.47.07-1.69-3.47%4:00 pm GMT-4432.94k651.44k19.62B
MKTXMarketAxess Holdings Inc.449.46+2.51+0.56%4:00 pm GMT-4200.63k208.80k17.07B
CBOECboe Global Markets, Inc.89.07-0.77-0.86%4:00 pm GMT-41.18M821.28k9.69B
VIRTVirtu Financial, Inc.22.34-3.94-14.99%4:00 pm GMT-46.27M1.54M4.32B
BGCPBGC Partners, Inc.2.31-0.02-0.86%4:00 pm GMT-42.56M3.72M830.76M
COWNCowen Inc.15.38-0.37-2.35%4:00 pm GMT-4670.35k352.25k443.14M
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  • GlobeNewswire

    Cowen Joins More Than 1,300 CEOs in Commitment to Advance Inclusion and Diversity in the Workplace

    Coalition Expands Reach and Impact into the Financial Services IndustryNEW YORK, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ: COWN) today announced that Chair and CEO Jeffrey M. Solomon joins more than 1,300 CEOs who have pledged to take action to advance diversity and inclusion in the workplace through the CEO Action for Diversity & Inclusion™ coalition. In signing the CEO Action Pledge, Cowen joins other leading companies across the U.S. that commit to four areas of action: continuing to cultivate workplaces that support open dialogue on complex, and sometimes difficult, conversations about inclusion and diversity; implementing and expanding unconscious bias education; sharing lessons learned from the best known—and unsuccessful—actions; and engaging their boards of directors in the development and evaluation of inclusion and diversity strategies.“Advancing inclusion and diversity at Cowen is at the heart of our values of Vision, Empathy, Sustainability and Tenacious Teamwork,” said Solomon. “Taking the Pledge not only reaffirms Cowen’s ongoing commitment to inclusion and diversity, but also encourages others to do the same.”Cowen believes that inclusion and diversity are important catalysts for success and innovation in the workplace and are a vital part of achieving its corporate objectives and key results. Cowen has had a longstanding focus on creating a distinctive and collaborative culture, in which everyone can thrive to their full potential. Signature initiatives include “Women Who Outperform,” the Cowen Inclusion Series, a program of CEO-led conversations with diverse leaders from across industries, and innovative theater-based, cross-cultural awareness and unconscious bias training.“We look forward to working with the other members of the coalition to create positive change and innovation in the financial services industry and beyond,” Solomon added.About Cowen Inc. Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. Cowen focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the Company is headquartered in New York and has offices worldwide. Learn more at Cowen.com.About CEO Action for Diversity & Inclusion™ CEO Action for Diversity & Inclusion™ is the largest CEO-driven business commitment to advance diversity and inclusion within the workplace. Bringing together more than 1,300 CEOs of America’s leading organizations, the commitment outlines actions that participating companies pledge to take to cultivate a workplace where diverse perspectives and experiences are welcomed and respected, employees feel comfortable and encouraged to discuss diversity and inclusion, and where best known—and unsuccessful—actions can be shared across organizations.© 2020 Cowen and Company, LLC. All rights reserved. Member NYSE, FINRA and SIPC.Media Contacts: Gagnier Communications Dan Gagnier / Jeffrey Mathews 646-569-5879 cowen@gagnierfc.com

  • GlobeNewswire

    MarketAxess to Acquire Regulatory Reporting Hub from Deutsche Börse Group

    NEW YORK and FRANKFURT, Germany, Sept. 23, 2020 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, has entered into an agreement to acquire the Regulatory Reporting Hub, the regulatory reporting business of Deutsche Börse Group. MarketAxess will acquire the business through Trax NL B.V., its wholly owned subsidiary in the Netherlands. The Regulatory Reporting Hub is a pan-European reporting and compliance platform that enables buy- and sell-side clients to meet their regulatory obligations and transparency requirements across multiple regulations, such as MiFID II and EMIR. Services include transaction and trade reporting, best execution reporting and SI services, as well as APA and ARM services.MarketAxess is already a leading provider of post-trade reporting and pre- and post-trade data services. The acquisition of the Regulatory Reporting Hub will help to further expand and enhance these services across a broader European client base, particularly in Germany, France and the Nordics.Christophe Roupie, Head of EMEA and APAC at MarketAxess, commented: “With over 30 years of experience in providing regulatory reporting and data services to the world’s leading financial institutions, we know just how important they are for our clients. With this acquisition, we’re strengthening both our global post-trade and data businesses in two important ways: significantly extending our European client footprint, and increasing our ability to bring new, innovative technologies and solutions to a critical and complex part of the trade lifecycle.”The transaction is expected to close in the fourth quarter of 2020, subject to the satisfaction of customary closing conditions. Both MarketAxess and Deutsche Börse commit to a smooth service transition for all customers. The Regulatory Reporting Hub is being sold through Regulatory Services GmbH, a subsidiary of Deutsche Börse Group. The sale of the Regulatory Services GmbH does not affect any other services provided by Deutsche Börse Group.About MarketAxess MarketAxess operates a leading, institutional electronic trading platform delivering expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed-income markets. A global network of over 1,700 firms, including the world’s leading asset managers and institutional broker-dealers, leverages MarketAxess’ patented trading technology to efficiently trade bonds. MarketAxess’ award-winning Open Trading™ marketplace is regarded as the preferred all-to-all trading solution in the global credit markets, creating a unique liquidity pool for a broad range of credit market participants. Drawing on its deep data and analytical resources, MarketAxess provides automated trading solutions, market data products and a range of pre- and post-trade services. MarketAxess is headquartered in New York and has offices in London, Amsterdam, Boston, Chicago, Los Angeles, Miami, San Francisco, São Paulo, Hong Kong and Singapore. For more information, please visit www.marketaxess.com.About Deutsche Börse As an international exchange organisation and innovative market infrastructure provider, Deutsche Börse Group ensures markets characterised by integrity, transparency and stability. With its wide range of products, services and technologies, the Group organises safe and efficient markets for sustainable economies. Its business areas extend along the entire value chain in exchange trading, including the admission, trading and clearing, and custody of securities and other financial instruments, the dissemination of market data, as well as the management of collateral and liquidity. As a technology company, the Group develops state-of-the-art IT solutions and offers IT systems all over the world.With over 6,500 employees, the Group has its headquarters in the financial centre of Frankfurt/Rhine-Main, as well as a strong global presence in 38 locations such as Luxembourg, Prague, London, New York, Chicago, Hong Kong, Singapore, Beijing, Tokyo and Sydney.Cautionary Note Regarding Forward-Looking Statements This press release may contain forward-looking statements, including statements about the outlook and prospects for Company and industry growth, as well as statements about the Company’s future financial and operating performance. These and other statements that relate to future results and events are based on MarketAxess’ current expectations. The Company’s actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties, including: global economic, political and market factors; the volatility of financial services markets generally; the level of trading volume transacted on the MarketAxess platform; the absolute level and direction of interest rates and the corresponding volatility in the corporate fixed-income market; the level and intensity of competition in the fixed-income electronic trading industry and the pricing pressures that may result; the variability of our growth rate; the rapidly evolving nature of the electronic financial services industry; our ability to introduce new fee plans and our clients’ response; our exposure to risks resulting from non-performance by counterparties to transactions executed between our clients in which we act as an intermediary in matched principal trades; our dependence on our broker-dealer clients; the loss of any of our significant institutional investor clients; our ability to develop new products and offerings and the market’s acceptance of those products; the effect of rapid market or technological changes on us and the users of our technology; our ability to successfully maintain the integrity of our trading platform and our response to system failures, capacity constraints and business interruptions; our vulnerability to cyber security risks; our ability to protect our intellectual property rights or technology and defend against intellectual property infringement or other claims; our ability to enter into strategic alliances and to acquire other businesses and successfully integrate them with our business; our ability to comply with new and existing laws, rules and regulations both domestically and internationally; our ability to maintain effective compliance and risk management methods; the strain of growth initiatives on management and other resources; our future capital needs and our ability to obtain capital when needed; limitations on our operating flexibility contained in our credit agreement; and other factors. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. More information about these and other factors affecting MarketAxess’ business and prospects is contained in MarketAxess’ periodic filings with the Securities and Exchange Commission and can be accessed at www.marketaxess.com.MarketAxess Media Relations Contacts: New York:London: Kyle WhiteToby West +1 212 813 6355+44 (0)20 7709 3270 kwhite@marketaxess.comtwest@marketaxess.com Deutsche Börse Group Media Relations Contact: Alexandra Reed +49 69 211 17764 alexandra.reed@deutsche-boerse.comMarketAxess Investor Relations Contact: David Cresci +1 212 813 6027 dcresci@marketaxess.com