Regulators issue new reporting guidance on systems outages Brokerage firms that route a large share of their institutional orders to affiliated alternative trading systems (ATSs) receive lower fill rates and face higher trading costs, according to working paper published Monday from the Office of the Chief Economist of the Washington, D.C.-based Financial Industry Regulatory Authority (FINRA).The paper analyzes trading activity of 330 million institutional orders in October 2016. Among other things, it finds that brokers that are affiliated with an ATS and send it a large chunk of their orders “tend to receive lower order fill rates and higher execution costs.” Keywords Alternative trading systemsCompanies Financial Industry Regulatory Authority Share this article and your comments with peers on social media CSA seeks easier access to foreign alternative trading systems Facebook LinkedIn Twitter IOSCO examines market data issues States the paper: “Institutional orders experiencing lower fill rates are associated with higher trading costs when accounting for the lost opportunity costs resulting from unfilled orders.”The study also points out that not all brokers with an affiliated ATS demonstrate a preference for their related trading venues.“The evidence from this study does not support the idea that when a broker sends a high proportion of orders to an affiliated ATS, these venues necessarily offer a lower-cost option that avoids other market participants from learning of an institutional order,” says Jonathan Sokobin, chief economist and senior vice president at FINRA, in a statement.“The difference across brokers in routing decisions, fill rates and trading costs are persistent over time, indicating that past routing behaviour is predictive of future behaviour,” he adds.The study points to the value of better disclosure on broker routing practices in general, the U.S. self-regulatory organization says, and a higher level of scrutiny when brokers show a preference to route orders to affiliated venues. Related news kasto/123RF
Published: Oct. 20, 2002 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Note to Editors: While the ceremonies in honor of the Palmer and Casotti scholarship programs are not open to the public, the media are welcome to attend. The late Fred Casotti, the University of Colorado’s celebrated sports information director, and veteran Denver television anchor Bob Palmer will be recognized Oct. 25 by the School of Journalism and Mass Communication at CU-Boulder. Casotti graduated from the school in 1949 and went on to a 50-year career as CU’s sports information director and athletic historian. Palmer, a 1960 graduate of the school, was the face of Denver TV news for 33 years before retiring in May 1997. Chancellor Richard L. Byyny, Interim Dean Stewart Hoover and Athletic Director Dick Tharp will thank the Casotti family and Bob and Gloria Palmer for scholarships that have been created in their names at 4:30 p.m. in room 140 of CU-Boulder’s Continuing Education Center, 1505 University Ave. in Boulder. The event is not open to the public. Casotti, the namesake of the Casotti Sports Information Scholarship Fund, left a lasting impact on the university and what is today known as the Athletic Media Relations Office. The scholarship in his honor was established in 2000, and so far $3,700 has been awarded to journalism students in his name. The Bob and Gloria Palmer Endowed Scholarship, which carries the School of Journalism and Mass Communication’s largest individual award of $8,000, was named in honor of Bob Palmer, one of Colorado’s best-known TV newsmen. A scholarship for undergraduate broadcast news majors was established in Palmer’s name in 1997. Palmer is among a number of CU-Boulder journalism graduates, including ESPN’s Chris Fowler, NBC’s Jim Gray, KTLA Los Angeles’ Lynette Romero, KUSA’s Kim Christiansen and KMGH’s Katie Trexler, who have gone on to notable broadcasting careers.
CAMAC Energy, Inc. announced it has been informed by Allied Energy PLC (“Allied”) of preliminary results from the Oyo-7 well in OML 120 offshore Nigeria.The results exceed internal pre-drill expectations. Oyo-7 commenced drilling operations on September 9, 2013. Based on logging while drilling (“LWD”) data, the well encountered gross oil pay of 133 feet (net oil pay of 115 feet) and gross gas pay of 103 feet (net gas pay of 93 feet) in the gas cap from the currently producing Pliocene reservoir, with excellent reservoir quality. The top of the reservoir was penetrated at 5,564 feet. The well is currently drilling to the planned total depth of 8,038 feet and is expected to penetrate the deep Miocene secondary objective.“We are highly encouraged by these preliminary net pay results in the Pliocene reservoir, which is the primary objective of the well,” said Dr. Kase Lawal, Chairman and CEO of CAMAC Energy. “Not only have we confirmed net oil pay results that exceed our internal expectations, but a smaller than expected gas column was also penetrated. As a result, we expect improved oil production from the horizontal section. I am proud of the technical teams at both Allied Energy and CAMAC Energy for our successful drilling operations, and look forward to updating shareholders as we complete drilling and evaluation of the deep Miocene reservoir.”[mappress]Press Release, October 17, 2013
Subscribe now for unlimited access To continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletters Get your free guest access SIGN UP TODAY
This year organizers will potentially have more than one rogue fighter to worry about however as the date set for the event is April 19, the traditional Wan Lai (or final Songkran day) here in Pattaya.Mayor Itthipon Kunpluem expressed his concerns at the meeting that boxing fans would find it difficult getting transportation to the stadium on that day, however Nopparat Poottharatanamanee, the Deputy Managing Director of ‘Thai Fight’ said the main objective was for the event to coincide with the water festivities here in Pattaya, to showcase two celebrated aspects of Thai culture to the world.‘Fight Night’ this year has adopted the title ‘4 Avatars’ and will feature star boxers Yodsaenklai Fairtex, Sudsakorn Sor. Klinmee, Saiyok Poompanmuag and Ikkyusan Kor.Roongtanakiat. The event will take place from 5.45 p.m. – 8.00 p.m. and will be broadcast live on Thai TV Channel 3. A meeting was held at Pattaya City Hall on Monday, March 18 to discuss arrangements for the annual muaythai ‘Fight Night’ scheduled to take place at Bali Hai Pier in Pattaya next month. Last year’s inaugural contest was memorable for the surprise and tearful appearance of suspended fighter Buakaw Por. Pramuk, who defied his promoters’ orders and put in a spectacular ring performance to knock out Russia’s Zaripow Rastem.Nopparat Poottharatanamanee, Deputy Managing Director of ‘Thai Fight’, talks to city officials and police representatives at the meeting held March 18 at Pattaya City Hall.
By Mitchell Clarke A Pakenham man has died after he was hit by a car earlier this month. The 45-year-old was struck while…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.
The Connacht Post Primary Schools Juvenile B Football League Final between St Joseph’s The Bish and Ballinrobe will be played in Headford on Friday the 20th of January and will throw in at 12.30.print WhatsApp Facebook Twitter Email The Senior B Quarter Finals will see Four Games played between the 10th and the 23rd of January. On the 10th, Roscommon CBS play Ballinrobe Community School. Then on the 18th, St Nathy’s face St Aloysius and St Joseph’s The Bish face St Louis Kiltimagh in Headford at 12.30. The final quarter Final on the 23rd of January sees Presentation College Athenry take on Ballinamore at the Connacht Centre of Excellence at 12.30. Details of the Preliminary Round of the Connacht Post Primary Schools Senior A and Quarter Finals of the Senior B Football Championships have been announced. The Senior A Championship will feature two games as a double header at the Connacht Centre of excellence on the 18th of January. Rice College take on St Muredachs at 11am with the winners playing Holy Rosary College Mountbellew in the Quarter Final on the 1st of February. The other Preliminary Round game throws in at 12.30 and sees Summerhill take on St Geralds with the winners playing St Jarlaths College Tuam in the Quarter Final on the 1st of February. Details of the Senior B, Senior C, Junior B and Juvenile B Post Primary Football league Finals have also been confirmed. The Senior B League Final between Presentation Athenry and Ballinrobe will be played in Tuam on Wednesday the 18th of January throwing in at 12.30. On the Same day and at the same time, The Senior C League Final between Ballyhaunis and Glenamaddy takes place in the Connacht centre of excellence while the Junior B League Final between St Muredachs and Claregalway will be played on Monday the 23rd of January with the Connacht Centre of Excellence the venue.
Team: 1 Oran Burke (Corofin)2 Eoin McFadden (Salthill/Knocknacarra)3 Sean Mulkerrin (Oileann Arainn)4 Gavin Burke (Corofin)5 Jack Glynn (Claregalway)6 Ciaran Potter (Annaghdown)7 Liam Boyle (Kilkerrin/Clonberne)8 Matthias Barrett (Leitir Mor)9 Daniel Kenny (Oughterard)10 Brian Harlowe (St. Michael’s)11 Darragh Silke (Corofin)12 Martin Kerrigan (An Fhairce)13 Rory Cunningham (St Brendan’s)14 Evan Murphy (Salthill/Knocknacarra)15 Padraic Costello (Dunmore McHales)print WhatsApp Facebook Twitter Email 21 August 2016; Robert Finnerty of Galway shoots past Aaron McCrea of Donegal to score a goal in the 5th minute during the Electric Ireland GAA Football All-Ireland Minor Championship Semi-Final game between Donegal and Galway at Croke Park in Dublin. Photo by Ray McManus/Sportsfile The Galway Minor Team to take on Mayo in the Connacht Championship on Sunday in McHale Park, Castlebar has been announced. Game throws in at 2.30pm and is LIVE here on Galway Bay FM
Apaches shoot 65 percent in road winBy Paul LeckerSports ReporterNEKOOSA — The Auburndale boys basketball team raced out to a 25-point lead by halftime on its way to a 63-24 dismantling of Nekoosa in a nonconference game Tuesday night at Nekoosa High School.Auburndale (12-7) continued its efficient offensive play, shooting 65 percent from the field making 24 of 37 shots from the field. The Apaches also made all 10 of their free throw attempts in the win.Cale Jacoby had 18 points, making 7 of 8 shots from the floor, and Caleb Weinfurter had 13 points and seven assists for Auburndale.The Apaches wrap up their Marawood Conference South Division schedule Saturday at home against Stratford. Game time is 7:15 p.m.(Hub City Times Sports Reporter Paul Lecker is also the publisher of MarshfieldAreaSports.com.)Apaches 63, Papermakers 24Nekoosa 12 12 – 24Auburndale 37 26 – 63NEKOOSA (24): Statistics not reported. Record: 2-17.AUBURNDALE (63): Cooper Weinfurter 2-4 0-0 5, Luke Olsen 0-4 0-0 0, Logan Willfahrt 0-1 0-0 0, Cason Schmutzer 2-2 0-0 4, Caleb Weinfurter 5-8 0-0 13, Colten Yeske 2-2 4-4 8, Cameron Ertl 3-4 2-2 8, Cale Jacoby 7-8 4-4 18, Colton Wright 3-4 0-0 7. FG: 24-37. FT: 10-10. 3-pointers: 5-11 (Ca. Weinfurter 3-5, Co. Weinfurter 1-1, Wright 1-2, Willfahrt 0-1, Olsen 0-2). Rebounds: 27 (Jacoby 7). Assists: 18 (Ca. Weinfurter 7). Record: 12-7.
Why the most important HR hire of 2017 may be one you haven’t heard of. The birth of the Outbound Sourcer emerged in arguably the most competitive industry for attracting, engaging and hiring talent as tech companies competing aggressively for the best possible engineers and sales professionals. Since then the role has become essentially across all verticals and I’ve worked closely building strategy for Outbound Sourcers in industries ranging from Energy to Pet Care. This new breed of talent champion utilizes social media and creates internal talent pools from former silver medalists and key contacts to be proactively filling the next role literally months before it’s available. Your typical day to day recruiters juggle posting roles to their ATS, screening applicants, working with hiring managers and so on and so on. What they don’t really do is actually recruit. That was the entire reason I was hired to build out global sourcing team for a large publicly traded tech company and as you can see from the graph above I never had push back asking for more headcount. But it all started with my first hire and that’s why hiring and Outbound Sourcer should be your most important hire in 2017. Ask any talent leader at a high-growth company how much of their budget is allocated towards agency spend and you’ll more than likely get a huge groan and then an astounding number. So how do you put those dollars to better use? Simple: hire an Outbound Talent Sourcer. “Attention Talent Leaders: Define 2017 with one game-changing HR Hire” There’s been a tectonic shift in talent acquisition over the past five years. Have you felt it? The old days of your best hires coming from applicants ended somewhere around 2012. Can you still make hires via your ATS, certainly. Are they the best at their position? Not really. Outbound Sourcers sole job is to identify, attract and engage the best passive talent for the company’s hard to fill roles. If recruiting is classic rock; sourcing is jazz, total skill with a heavy dose of creativity. The best tend to come from recruiters tend to have an agency background but I was able to train a team with several right out of college and hungry to learn. If you can only make one HR in hire in 2017, hire a…”