In the News

Rosenblatt’s 13th FinTech Summit is just two days away. 15 CEOs from cutting edge FinTechs will be joining us for three panel discussions following a fireside chat with Nasdaq CEO Adena Friedman.

Digital payments giant PayPal jumped over 4% in extended-hours trade Wednesday after the company reported better-than-expected quarterly results. Here’s how to trade the stock.

Euronext's decision to move its huge data centre from Britain to Italy because of Brexit could mean a costly headache for banks and other stock traders who measure competitiveness in nanoseconds.

With COVID-19 cases surging again around the world as well as growing concerns about the economic reopening, navigating the current financial landscape can be challenging.

Coinbase is a long-term buying opportunity despite near-term volatility in the price of cryptocurrency as a growing number of institutions like PayPal adopt new digital coins, Rosenblatt Securities told clients.

The shift of equity trading from London to Amsterdam may be permanent – but it isn’t terminal.

Financial News is pleased to announce the shortlists for its 19th annual Trading & Tech Awards.

Britain’s Financial Conduct Authority said on Thursday it was lifting more curbs on “dark” trading, throwing down the gauntlet to the European Union after billions of euros of trading left London for Amsterdam in the wake of Britain’s departure from the bloc.

How do you know which stock recommendations you can trust? With thousands of analysts rating thousands of stocks, transparency and accountability are essential for anyone conducting their own research.

On some days, more than half of shares changing hands in U.S. are traded outside public stock exchanges

On 4 January 2021 as the Brexit transition period came to an end, €6 billion of trading volumes left London. Annabel Smith examines the impact of this and asks what the future holds for the industry.

UK’s departure from the EU prompts shift in dealing of stocks and derivatives

The effects of Brexit resulted in Amsterdam overtaking London last month as Europe’s largest share trading centre.

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Advanced Energy (AEIS) and Lattice Semicon (LSCC) with bullish sentiments.

Rosenblatt Securities is pleased to announce 2021 improvements to its Streamlined Order Routing Transparency (SORT) tool, which helps institutional investors easily aggregate and analyze new Securities and Exchange Commission-mandated broker venue-selection data in US equities.

Rosenblatt Securities analyst Kevin Cassidy maintained a Buy rating on Qualcomm shares and upped the price target from $175 to $180.

The deluge of trading activity in US equities and derivatives markets is expected to produce a windfall for the high-speed market makers that execute orders for brokers such as Robinhood and Charles Schwab.

TipRanks Identifies the Top 100 Wall Street Analysts of 2020

Snowflake shares had a remarkable debut in the public market and an equally impressive retreat from their previous heights.

Rosenblatt Securities is pleased to have advised RAFT Technologies, a Tel Aviv-based provider of ultra-low-latency wireless transcontinental communications systems...

Wall Street is calling for recovery, reflation and rotation this year amid continued accommodative monetary and fiscal policy, according to analysts.

When the UK’s Brexit transition agreement with the EU expired this week, some €6 billion ($7 billion) of daily trading in EU stocks left London overnight for markets across the Channel. The question is whether this was a one-time hit or a sign that even bigger chunks of the financial sector will disappear.

Are the growth boots too big for Alteryx to ultimately fill or does opportunity beckon? For Rosenblatt analyst Blair Abernethy, the answer is undoubtedly the latter.

After the extraordinary challenges of 2020 – which included the coronavirus pandemic, the polarizing presidential election and the increased awareness of racial injustice in the U.S. – dealmakers are eagerly embracing 2021 with open arms.

Rosenblatt Securities analyst Hans Mosesmann maintained a Buy rating on Advanced Micro Devices (NASDAQ:AMD) on Monday, setting a price target of $120, which is approximately 30.85% above the present share price of $91.71.

Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Micron on Monday, setting a price target of $100, which is approximately 33.01% above the present share price of $75.18.

Rosenblatt Securities initiated coverage of software stocks Splunk Inc SPLK and Dynatrace Inc DT with bullish ratings Thursday.

America's newest stock exchange was hit by a flood of trading in the first week of December thanks to an unusual source: a Canadian cannabis company's stock.

Rosenblatt Securities analyst Mark Zgutowicz reiterated a Hold rating on Trade Desk (NASDAQ:TTD)

"AMD's CPU and GPU roadmaps will have significant and sustainable advantages in the world of computing that the competition currently do not have," Mosesmann said.

Rosenblatt Securities analyst Mark Zgutowicz reiterated a Buy rating on Shopify (NYSE:SHOP)

In a report issued on October 26, Sean Horgan from Rosenblatt Securities maintained a Buy rating on Fidelity National Info

Rosenblatt Securities analyst Kevin Cassidy has a Buy rating on Ambarella shares and increased the price target from $65 to $82. The analyst said the stock remains his top long idea.

Few companies have benefited more from the e-commerce shopping boom sparked by the pandemic than Dutch payments firm Adyen NV.

Figures from Rosenblatt Securities show that 2020 has been a crucial year in the ELP SI landscape as volumes continue to concentrate among the four largest venues.

Fellow financial-technology company Square Inc. SQ, +1.11% also allows users of its Cash App to buy and sell bitcoin, and lessons from that rollout give a sense of what PayPal investors could expect from a revenue perspective, Rosenblatt Securities analyst Sean Horgan wrote.

Breaking Up With Intel: The move away from Intel Corporation with Apple's own chips has been in the works for some time.

The new M1 system-on-a-chip “leads to some impressive specs,” Hans Mosesmann, a semiconductor analyst at Rosenblatt Securities, wrote in a note to investors.

London will lose its status as Europe’s centre for equity trading when the Brexit transition period comes to an end on December 31.

Rosenblatt analyst Mark Zgutowicz raised the price target on Roku Inc. (NASDAQ: ROKU) to $260.00 (from $195.00) while maintaining a Buy rating.

Rosenblatt Securities analyst Sean Horgan said Cash App may be on track for a profitable 2020.

Director of Strategic Insights on our FinTech Banking team, Dushyant “D” Shahrawat, discussed the evolution of FinTech industry and the impact election 2020 may have on its course with Nasdaq TradeTalk’s Jill Malandrino.

Rosenblatt Securities analyst Mark Zgutowicz reiterated a Buy rating on Spotify Technology SA (NYSE:SPOT)

Rosenblatt Securities analyst Mark Zgutowicz reiterated a Buy rating on Facebook today and set a price target of $325.00

Rosenblatt Securities analyst Kevin Cassidy maintained a Buy rating on Skyworks Solutions (NASDAQ:SWKS)

Kevin Cassidy, an analyst for Rosenblatt Securities, agreed that ON Semiconductor’s near-term sales should be strong due to rising interest.

Rosenblatt Securities analyst Sean Horgan maintained a Buy rating on Global Payments (NYSE:GPN) Inc.

Rosenblatt Securities analyst Scott Graham (NYSE:GHM) maintained a Buy rating on Ametek (NYSE:AME) Inc on Thursday, setting a price target of $128, which is approximately 30.36% above the present share price of $98.19.

Rosenblatt Securities analyst Scott Graham maintained a Buy rating on AO Smith (AOS) today and set a price target of $62.00. The company’s shares closed last Wednesday at $51.20.

Rosenblatt Securities reiterated a Buy rating on AMD with a $120 price target.

The secular shift to digital payments got further confirmation on Wednesday when PayPal (PYPL) announced it will launch a cryptocurrency service on its platform.

Trading on Euronext resumed on Tuesday after a series of glitches on Monday disrupted several of Western Europe’s major stock exchanges and raised concerns about the risk of one operator hosting so many bourses.

Investors fear a split in share trading activity from January.

They might not be all that new, but conditional orders have really come into their own in this year’s unusual trading conditions, helping to make 2020 a bumper year for block-trading venues.

Rosenblatt Securities came a close second.

Shares of Roku closed up more than 17% on Monday, hitting a new 52-week high, after NBCUniversal’s Peacock launched on the streaming platform.

It’s one of the year’s biggest market stories: Mom-and-pop investors have fallen back in love with stocks, lured by free trading apps, a resurgent bull market led by technology companies and a pandemic that has left millions of Americans at home with little to do.

Rosenblatt's Justin Schack quoted in Traders Magazine article.

Rosenblatt's Justin Schack and Anish Puaar quoted in Best Execution article.

According to a snap poll of market participants conducted by Rosenblatt Securities, the SEC’s SIP governance order has stronger backing (59%) than the infrastructure proposal issued in February (48%). But Rosenblatt Managing Director Justin Schack says the extent of the SIP governance changes may not be widely appreciated.

Qualcomm Inc.’s legal victory in a high-stakes battle with the U.S. government raises the opportunity for the smartphone chip giant to enjoy a period of relative calm and growth propelled by rising appetite for new 5G handsets.

Qualcomm Inc.’s lucrative patent licensing business lives on, after a court rejected a requirement that the company renegotiate billions of dollars worth of agreements with smartphone makers.

As earnings season wraps up, analysts are reviewing their short-term and long-term take on the stocks they cover.

Justin Schack, partner and managing director at Rosenblatt Securities, noted the increasing volumes of off-exchange trading. 43.16% of US equity volume traded off-exchange in July, a 4th straight record. The top 20 names by volume avg'd 49.18% off-board.

Buy-side market participants hold conflicting views on sweeping changes to MiFID II that were proposed by the EU markets regulator earlier this month, according to a recent snap poll from Rosenblatt Securities.

Anish Puaar, Rosenblatt’s European Market Structure analyst, shared his thoughts with Bloomberg on the European Securities and Markets Authority’s plan to ease some Brexit-related trading restrictions, addressing potential liquidity issues in UK.

Hans C. Mosesmann is Managing Director of Rosenblatt Securities Inc. Prior to joining Rosenblatt Securities, where Mr. Mosesmann is a long-standing analyst, he was an electrical engineer who spent a decade working at the chipmakers Texas Instruments and Advanced Micro Devices before moving to Wall Street in 1996.

How to pinpoint top stocks primed to outperform during this uncertain time? Here are a few of the names the best-performing Wall Street analysts are betting on right now.

Rosenblatt Securities is pleased to have advised Growers Edge, which helps farmers de-risk agtech adoption and boost profitability with customized financial risk management solutions, in its $40 Million Series B financing.

Strong growth in several massive markets will help drive NVIDIA's (NASDAQ:NVDA) share price to $500. So says Rosenblatt Securities analyst Hans Mosesmann. On Friday, Mosesmann reiterated his buy rating on NVIDIA's stock and boosted his target price from $400 to $500. His new price forecast represents potential gains for investors of roughly 20%, based on the chipmaker's current price near $418.

Shares of major technology and entertainment companies notched gains in the week ended July 10 even as a surge in COVID-19 cases continued to weigh on the broader market.

Twitter shares spiked higher Wednesday on several reports that the company is considering launching a subscription service.

Shares of Spotify (NYSE:SPOT) gained 42.7% in June, according to data from S&P Global Market Intelligence. The audio streaming stock gained ground in conjunction with momentum for the broader market and saw big gains following the announcement of new deals and partnerships.

Aletheia Capital, a Hong Kong based investment advisory firm, recently announced that it has partnered with New York institutional brokerage Rosenblatt Securities to increase the distribution of its investment research to U.S. based institutional customers.

Lauren Simmons, former equity trader at Rosenblatt Securities, joins “Squawk on the Street” to discuss diversity on Wall Street and her experience as the youngest female equity trader at the NYSE.

EuropeanMarket Structure Analyst, Anish Puaar appears on TraderTV interview

Streaming platform heavyweight Roku (ROKU) has entered into an agreement with supermarket giant Kroger. 5-star Rosenblatt analyst Mark Zgutowicz believes the partnership “moves Roku a step closer to CPG TV budgets.”

Five-star Rosenblatt analyst Hans Mosesmann reiterated his buy rating and $110 price target for Microchip on June 2, after the company positively preannounced June quarter earnings results, sending shares soaring 12 percent.

Rosenblatt Securities analyst Scott Graham maintained a Buy rating on Thermon Group Holdings (THR) today and set a price target of $19.00. The company’s shares closed last Monday at $14.88, close to its 52-week low of $12.62.

This year, FTS 2020 was a virtual event in wake of the COVID-19 crisis. We had a special focus on the impact of COVID-19 on the FinTech industry and our panelists discussed how they are navigating this storm.

The New York Stock Exchange has partially reopened its famous Wall Street trading floor, with around a quarter of brokers returning after a two-month shutdown caused by the coronavirus crisis.

Rosenblatt Securities analyst Hans Mosesmann implores investors not to lose hope and sees more upside in the cards.

Rosenblatt Securities is pleased to have advised Deep Labs, the creator of patented artificial intelligence-driven decisioning and risk systems and recently selected participant in the Goldman Sachs Black and Latinx Entrepreneur Cohort, in its latest round of financing. 

Rosenblatt Securities analyst Mark Zgutowicz reiterated a Hold rating on Wix (NASDAQ:WIX).com Ltd on Friday, setting a price target of $148, which is approximately 10.95% below the present share price of $166.2.

In a report issued on May 4, Scott Graham from Rosenblatt Securities maintained a Buy rating on Pentair (PNR), with a price target of $46.00. The company’s shares closed last Friday at $35.13.

In the wake of the coronavirus-triggered market meltdown, off-exchange trading hit an all-time high share of the U.S. stock market, 44.93%, on April 27, according to Rosenblatt Securities.

Facebook's (NASDAQ:FB) long-term investment case has never been more compelling than it is today.

Rosenblatt Securities analyst Mark Zgutowicz reiterated a Buy rating on Spotify Technology SA (SPOT) today and set a price target of $190.00. The company’s shares closed last Wednesday at $155.78, close to its 52-week high of $163.95.

Scott Graham downgraded Rockwell Automation's stock from Neutral to Sell, while raising the price target from $155 to $173.

Rosenblatt analyst Hans Mosesmann raised the price target on AMD (NASDAQ: AMD) to $70.00 (from $65.00) after the company reported 1Q20 sales of $1.79 billion, down -16% q/q but ahead of the consensus $1.78 billion.

Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Advanced Micro Devices today and set a price target of $70.00.

In a report released today, Scott Graham from Rosenblatt Securities initiated coverage with a Hold rating on Altra Industrial Motion (AIMC) and a price target of $22.00. The company’s shares closed last Monday at $21.32.

In a report released today, Mark Zgutowicz from Rosenblatt Securities reiterated a Buy rating on Snap (SNAP – Research Report), with a price target of $18.00. The company’s shares closed last Wednesday at $16.24.

In a report released today, Scott Graham from Rosenblatt Securities reiterated a Buy rating on Thermon Group Holdings (THR – Research Report), with a price target of $19.00. The company’s shares closed last Tuesday at $13.18, close to its 52-week low of $12.62.

Financial News has nominated Rosenblatt Securities, along with JP Morgan, Goldman Sachs, Bank of America and Liquidnet, for “Best Firm for Market Structure and Execution Consulting” in its 2020 Trading and Tech Awards.

Don’t count out Advanced Micro Devices (NASDAQ:AMD) just yet. After AMD stock plunged on concerns the novel coronavirus could damage global chip demands, and lead to supply disruptions, a good deal of that fear is priced into the stock

For the first time in its 228-year history, the New York Stock Exchange will tomorrow open without its trading floor.

Friday is shaping up as potentially one of the most volatile trading days in years, as scheduled changes in futures, options and other derivatives markets threaten to add to a frenzied trading month that has already had some of the biggest daily stock-index swings ever.

The New York Stock Exchange made the decision this week to temporarily move to electronic trading, starting Monday, in response to COVID-19. It means closing down the trading floor at the corner of Wall Street and Broad Street.

As stock exchanges around the world decide how to operate at a time of unprecedented market turmoil, the Philippines just offered a real-time lesson.

Joe Gawronski said concerns about the coronavirus outbreak hit home on March 13.

Mr. Puaar warned that, as the situation around the U.K.'s exit from the European Union continues to evolve, more fragmentation may manifest. "I think an important consideration is how this all evolves after Brexit. The FCA has so far taken a more positive stance than other European countries and has shown no signs of wanting to change the rules," he said.

Rosenblatt Securities is pleased to have advised GTS on its definitive agreement to acquire Barclays’ equities automated options trading unit’s assets.

In a report released today, Scott Graham from Rosenblatt Securities initiated coverage with a Hold rating on Xylem (XYL) and a price target of $92.00. The company’s shares closed last Monday at $87.05, close to its 52-week high of $89.34.

The company has a one-year high of $28.49 and a one-year low of $19.04. Currently, nVent Electric has an average volume of 1.13M.

Roku stock is falling after the company said on Friday it may take Fox apps off its streaming platform.

In a report released yesterday, Scott Graham from Rosenblatt Securities maintained a Buy rating on IDEX (IEX – Research Report), with a price target of $185.00. The company’s shares closed last Monday at $172.14, close to its 52-week high of $176.70.

Europe’s grand plan for stock trading is not working. The revised Markets in Financial Instruments Directive, known as Mifid II, was meant to improve transparency by shifting more equities trading to stock exchanges. Instead, the volume of trading on these platforms is shrinking, not growing.

Not since sock puppet mania of the dot-com bubble has Intel’s stock traded at such a lofty price. The shares surged 8.1% on Friday after the chipmaker beat Wall Street estimates and gave a rosy forecast for the first quarter.But even with its stock price at the highest in almost two decades, there’s plenty of reason to be cautious. Intel said on Thursday’s earnings call that it will face increased competition in 2020 along with a slowdown in spending by cloud customers in the back half of the year.

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Pentair (PNR) and United Technologies (UTX) with bullish sentiments...

2019 was a turbulent year for the semiconductor industry, to say the least. Trade issues between the US and China, slowing demand for smart devices, and tumbling memory chip prices all played their part.

The clock is ticking down on 2019, and you know what that means: It's time for Wall Street analysts to tempt fate, clamber out on limbs, and make predictions about what will happen in 2020.

CNBC’s “Closing Bell” team breaks down how FANG stocks may fare in 2020 as well as tech trends with Mark Zgutowicz, senior analyst at Rosenblatt Securities; Michael Pachter, managing director at Wedbush Securities; and Mark Tepper, Strategic Wealth Partners.

Rosenblatt Securities is pleased to be serving as the exclusive strategic and financial advisor to Exablaze in its agreement to be acquired by Cisco Systems (NASDAQ: CSCO), a synergistic deal between two world-class companies with a track record of developing and deploying cutting-edge solutions in networking and communications.

Rosenblatt Securities is pleased to have advised GTS on its definitive agreement to acquire Barclays’ equities automated options trading unit’s assets.

The company has a one-year high of $28.49 and a one-year low of $19.04. Currently, nVent Electric has an average volume of 1.13M.

We'll take a look at three stocks that are more purely tech-oriented, that have changed the game in their particular niches, and brought impressive gains to investors.

Nvidia stock was trading lower on Friday as the chip maker’s guidance for its current quarter failed to impress investors.Late Thursday, Nvidia (ticker: NVDA) reported adjusted earnings per share of $1.78 for its fiscal third quarter versus the Wall Street consensus of $1.58, according to FactSet. Nvidia posted revenue of $3.01 billion for the same quarter, down 5% year-over-year but better than the $2.92 billion average analyst estimate.

Rosenblatt Securities is getting more bullish on Nvidia stock, predicting solid demand for the company’s graphic chips in the coming quarters.Nvidia stock (ticker: NVDA) has risen more than 50% in 2019 as investors anticipate a chip-business turnaround. In August, the chip maker reported better-than-expected earnings but offered a mixed outlook for the October quarter.

We are pleased to announce that we served as co-manager on a $726 million follow-on offering for Tradeweb Markets Inc., a leading, global operator of electronic marketplaces.

The TRADE is pleased to announce the shortlists for this year’s Market structure excellence award, sponsored by Plato Partnership, and FinTech of the year award, sponsored by Instinet.

The modern FinTech revolution that began circa 2010 hasn’t resulted in massive disruption of incumbent financial institutions. The doomsday scenario for traditional financial companies, painted by high flying FinTech startup CEOs hasn’t materialized.

Charles Schwab is slashing the fees it charges on some stocks, funds, and options to zero—news that set off a minor earthquake among stock prices for online brokerage companies.

Facebook was in focus on Thursday morning as the social media giant agreed to pay a $5 billion fine and change its privacy practices in a settlement with the FTC.

At 8 1/2 hours, Europe has the world’s longest trading day. But only after it ends do markets come alive. In the five minutes after trading finishes at 4:30 p.m. in London, auctions across the continent set the closing prices tracked by billions of dollars. Over the past three years, the percentage of total trading volume executed in this manner has swelled to 20% from 12%, compared with about 8% in the U.S., according to Rosenblatt Securities.

Banks were not supposed to be Mifid’s main beneficiaries. Even so, many bank and trading executives bemoan the reforms for delays and for poorly-worded rules that they say undermine some of its key objectives. ...

German bank will trade U.S. stocks directly with large clients on a new platform

Equity research management veteran Michael Kiernan, CFA, joins Rosenblatt Securities as a Managing Director and Director of Research. Kiernan joins Rosenblatt from Wolfe Research, one of just a handful of success stories in the boutique research business of the past decade. At Wolfe, Kiernan also served as director of research, during a rapid growth stage in research coverage, from a universe of roughly 150 stocks to nearly 400 in less than four years. His proven track record also includes multi-year runs building strong equity research franchises as product manager at Lazard Capital Markets and prior to that Bear Stearns, where the equity research team climbed all the way up to number two in the annual Institutional Investor survey rankings. Prior to moving to the sell-side, Kiernan spent about 15 years as a portfolio manager, including a decade at UBS Asset Management.

Online lender Social Finance is rolling out a slew of new features, from commission-free brokerage to zero-fee exchange traded funds and crypto trading. But buying and selling securities, of course, is not free. So how does SoFi plan to make money?

Rosenblatt Securities is pleased to announce its role as financial advisor to Digital Reasoning in a strategic investment by Macquarie Group, as part of its Series D round of financing.

Rosenblatt Partner and Head of Market Structure Justin Schack discusses recent developments in US equity market structure on the recent episode of the NYSE podcast "Inside the ICE House."

New York, NY, January 9, 2019. Rosenblatt Securities is pleased to announce it has added another key component to its growing FinTech investment banking platform. Financial-services thought leader Dushyant Shahrawat, CFA, joins Rosenblatt as Director — Strategic Insights & Advisory, FinTech Investment Banking.

In December, Rosenblatt Securities hinted to clients that the tech giant would cut iPhone production by 4 million units. Analyst Jun Zhang anticipated the cut would come from the work of Chinese companies said to have begun subsidizing employees for buying Huawei devices after Chief Financial Officer Meng Wanzhou was arrested at the behest of the U.S.

Tough rules aimed at boosting European equity trading volumes on regulated public exchanges appear to have failed a crucial test, data shows, undermining regulators’ efforts to raise transparency almost one year after the reforms were introduced.

Successful technology ventures often spring from small, agile teams of innovators. The same can be said about the fintech investment bank that New York–based institutional brokerage firm Rosenblatt Securities launched when Vikas Shah joined it in 2009.

Justin Schack Managing Director/Partner at Rosenblatt Securities I’ve been thinking a lot lately about how intense the debate is getting over potential equity-market-structure reforms, as big banks and brokers, with support from many buy-side firms and upstart exchange IEX, line up against the big three exchange groups. And I think some historical perspective is essential to understanding what’s going on right now and what should be done, if anything, to modernize market structure.

Rosenblatt Securities is pleased to announce its role as an advisor to GTS, a leading electronic market maker across global financial instruments and the largest designated market maker (DMM) at the New York Stock Exchange, on its acquisition of the ETF and wholesale market making business of Cantor Fitzgerald.

Lauren Simmons, 24, is one of the youngest traders and only full-time female traders on the floor of the New York Stock Exchange. ABC News' Briana Stewart tells us about her leap into history.

Rosenblatt Securities is pleased to announce that it has formed an Investment Banking Advisory Board. Comprised of a distinguished group of financial-technology and capital-markets industry leaders, the Advisory Board will help Rosenblatt’s well-respected banking team stay on top of cutting-edge industry developments, expand its network and source transactions.

A proliferation of new trading venues has left traders less clear on best execution and damaged regulators’ attempts to increase transparency

A failed experiment to help small-company stocks will be buried at September’s end, the Securities and Exchange Commission said on Monday. The Tick Size Pilot Program was supposed to revitalize trading liquidity, stock offerings, and job creation for small-cap public companies–by quoting and trading their stocks in increments of a nickel, rather than the usual penny.

In the past decade, discussion around dark pools evolved from an obscure market-structure issue to a highly-charged debate over whether traders armed with computer algorithms were using the private venues to take advantage of investors with slower price feeds. The fight gained traction in 2014 after the release of Michael Lewis’s book "Flash Boys.”

The European Union’s Markets in Financial Instruments Directive, or MiFID II, was introduced in January with the aim of pushing more trading onto regulated public exchanges where prices and participants can be seen by all. At first glance, it seems to have failed its biggest test. The share of trading on so-called lit exchanges — where prices and trades are clearly visible — has barely risen in the first months of the new regime.

Working in an industry where you are one of very few women can be challenging enough — but imagine what it's like to be the only woman on staff. That's the case for New York Stock Exchange trader Lauren Simmons. The 23-year-old is an equity trader for Rosenblatt Securities, and she is both the youngest and the only full-time female employee to hold that position at the NYSE.

The New York Stock Exchange trading floor is one of the most familiar symbols of American business. But in 2018, the arena that prides itself on predicting the future is stuck in the past in one respect - it's almost entirely staffed by men. Enter Lauren Simmons, the only full-time female broker on the New York Stock Exchange floor, as well as the only African-American woman, and at 23, the youngest. She told the BBC's Joe Miller what it's like to work in the male-dominated maelstrom.

Rosenblatt Securities is pleased to announce its role as the exclusivefinancial advisor to Visible Alpha, a company that is transforming the way investment managers and brokerscollaborate on research, financial models and corporate access, on a $38 million investment by a consortiumof leading financial institutions. The funding round was led by Goldman Sachs, with additional participationfrom Exane BNP Paribas, Macquarie Group, RBC Capital Markets, Banco Santander through its VC arm,Santander InnoVentures, and Wells Fargo as well as Visible Alpha’s existing investors, Bank of America, Citi,Jefferies, Morgan Stanley and UBS. Visible Alpha has seen dramatic growth over the past year and will continueto build on this momentum through the product development and global expansion enabled by this funding.

In honor of International Women’s day, and emerging technologies that can have an impact on fintech, we would like to highlight three women who are doing fascinating things in the world of blockchain. Meltem Demirors - VP at Digital Currency Group and member of WEF Blockchain Council: At Rosenblatt’s 9thAnnual Financial Technologies Summit, Meltem Demirors, formerly of Digital Currency Group, energized the crowd with her keynote presentation titled, “The Blockchain Hype Cycle – Past, Present, Future.” Additionally, we would like to commend Meltem for her inspiring Women in Blockchain – Leaders Series. Click here to read about the talented women Meltem has written about.

Trading in hundreds of European stocks may be disrupted when the region’s regulator starts restricting transaction volumes from mid-March, in what could be a more sweeping crackdown than anticipated. “This is one of the biggest changes under MiFID II,” said Richard Semark, head of UBS Group AG’s multilateral-trading facility. “It will alter trader behavior as suspended stocks move to alternative venues.” He says that even more stocks may be suspended now if January and February data are taken into account as well as the 2017 period.

Major exchange operators across Europe have urged EU financial authorities to ensure systematic internalisers (SIs) under MiFID II are subject to the tick size regime. In November, the European Securities Markets Authority (ESMA) proposed enforcing the tick size rules to the SI regime in a bid to level the playing field for trading on-exchange. It stated a competitive disadvantage would be created for trading venues if only on-venue orders and quotes have to comply with the minimum tick size regime, resulting in volumes currently traded on-exchange migrating towards over the counter (OTC) execution.

Everyone in European finance has been abuzz over an obscure acronym -- MiFID II -- that’s about to radically change how assets from stocks to commodities are traded and investors’ money is managed.

New York, NY, January 19, 2018. Rosenblatt Securities is pleased to announce that the participants in the National Market System Plan to establish a wider tick-size pilot in the US equity market have selected Rosenblatt to provide the official assessment of the pilot. ‍ The tick-size pilot grew out of concern among some market participants and government officials that the 2001 decimalization of US price quotations adversely affected market quality for emerging-growth and other small company stocks, with attendant effects on the US and global economies. Decimalization established the minimum quoting increment at one penny, after many years of it being 12.5 cents, or 1/8 of a dollar.

First came dark pools, private trading venues that challenged old-school stock exchanges. Now something else lingers in the shadows of Wall Street: ping pools. They also operate outside traditional stock exchanges, but these venues, which are gaining users in changing markets, are more opaque for the public. Running them allows some of the fastest, savviest electronic traders to dodge exchange fees and reap plum opportunities.

The 19th century newspaper editor Horace Greeley urged young Americans to “Go West” to the unsettled frontier. When he went himself, the trip from Chicago to the Pacific took two-and-a-half months by steamboat and ox-drawn wagon. He later advocated a transcontinental railroad to speed up commerce and shorten the mail service to 10 days. Wall Street’s fastest trading firms are invoking the spirit of Greeley as they build Go West, a trail of wireless towers, fibre-optic lines and submarine cables linking Chicago, the Pacific coast and Tokyo. Transmitting market data end to end will take fractions of a second for traders seeking topreserve an edge.

Market makers and the trading desks of major banks are hoping volatility can surge back into the markets in the new year, but there is little agreement over whether that will happen. For much of the year, equity markets have steadily climbed with few dips, suppressing trading activity and volatility. So far in 2017, the Cboe Volatility Index, a measure of implied volatility, has posted the lowest average daily close in a single year since at least 1990, according to the exchange operator’s historical data. "It's been a pretty painful period for the industry," Justin Schack, a managing director and partner with research and brokerage company Rosenblatt Securities, said in an interview.

Since 20 October 2014 launch of the original Turquoise Block Discovery service to the end of November 2017, investors successfully matched €58 billion via Turquoise Plato Block Discovery™ of which €54 billion or more than 92.5% matched since the September 2016 cooperation agreement with Plato. How do you think MiFID II will impact block-trading volumes in Europe?

For fixed-income securities, SIs will allow banks to continue offering liquidity directly to clients in largely the same way they do today, says Anish Puaar at Rosenblatt Securities Inc. But it’s a different story for equities, he says, because SIs must compete with exchanges and other trading venues for market flow. “SIs have advantages over other types of venue in how they can price and tailor liquidity to suit client needs,” said Puaar, Rosenblatt’s European market structure analyst in London. “These benefits could see bank-run SIs gain significant market share in the next 12 to 18 months.”

Rosenblatt Securities is pleased to announce that the firm and its head of fintech investment banking, Vikas Shah, have been selected as part of the prestigious Institutional Investor Fintech Finance 40 ranking for 2017.

A sweeping European market-reform initiative was poised to disrupt U.S. brokers' equity research businesses until Wall Street's chief regulator entered the fray. Europe's revised Markets in Financial Instruments Directive, or MiFID II, was designed to level the playing field among financial services companies through a myriad of regulatory changes, most prominently the separation of research costs from trading execution costs.

Europe’s biggest exchange operators are seeking new chief executives that will be at the helm of their companies as Brexit unfolds. London Stock Exchange Group CEO Xavier Rolet is departing after leading the company for eight years, while Deutsche Boerse boss Carsten Kengeter is leaving after being dogged by insider trading allegations.

The stock exchanges that once cheered the promise of increased transparency from Europe’s new financial rulebook are now complaining. Under the MiFID II regulatory overhaul, trading venues run by high-speed trading firms and banks such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. will get more flexibility in how they price stocks, potentially allowing them to win a larger share of Europe’s $15 trillion equity market, say critics. Bank trading venues will be allowed to quote prices in smaller increments, or “tick sizes,” than the exchanges can.

“When your crystal ball gets foggy, your two greatest assets will be your humility and your flexibility.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Richard Rosenblatt, CEO of Rosenblatt Securities, explains how to choose a career that has a solid future. Rosenblatt considers himself an institutional execution expert, but when the market crashed in ‘87, he had to get creative. At the end of the day, you have to follow your smile and do what you enjoy. The person that loves what they do will win every time.

MiFID rules capping dark-pool trading will affect funds: study Limits impacted 94% of FTSE 100 stocks, Rosenblatt found If fund managers want to keep trading in European dark pools, they will need a big overhaul of their practices before new rules kick in next year. The MiFID II rules that come into force in January intend to cap trading on dark pools, with the intention of forcing more trading onto public, or lit, exchanges. An analysis by Rosenblatt Securities Inc. found that 74 percent of the continent’s biggest stocks would have breached the caps over a year-long study period. In the U.K.’s FTSE 100 Index, 94 percent of stocks triggered the caps.

New York, NY, June 21, 2017. Rosenblatt Securities is pleased to announce it has hired veteran financial-services-industry analyst Christopher Allen. In nearly two decades as a securities analyst, Allen has developed a devoted following among investors in financial-services stocks, particularly those of global exchange operators such as CBOE Holdings, CME Group, IntercontinentalExchange and Nasdaq. He also has analyzed related companies in equity brokerage and market making, including TD Ameritrade, E*Trade Financial, Charles Schwab & Co., Interactive Brokers, ITG, KCG Holdings and Virtu Financial.

Rosenblatt Securities is pleased to announce its role as the financial advisor to Euronext N.V. (ENXTPA:ENX) on its agreement to acquire FastMatch, Inc., the fastest growing ECN in the spot foreign exchange market. Euronext is acquiring approximately 90% of FastMatch for $153 million initial cash consideration in addition to a contingent earnout payment of $10 million.

Richard Rosenblatt, Founder and CEO of Rosenblatt Securities, rings the closing bell for the 225th anniversary of the New York Stock Exchange.

Sellside Profile : Joe Gawronski : Rosenblatt Securities Posted by: Best Execution , April 22, 2017 STEADY AS SHE GOES? Joe Gawronski, President and Chief Operating Officer of Rosenblatt Securities talks to Best Execution’s Lynn Strongin Dodds about the path of regulatory change, both in the US and Europe, and whether there is a risk of divergence.

Rosenblatt Securities is pleased to announce it has hired veteran semiconductor-industry analyst Hans Mosesmann. An electrical engineer who spent a decade working at chipmakers Texas Instruments and Advanced Micro Devices before moving to Wall Street in 1996, Mosesmann is known and respected for his coverage of such companies as AMD, Intel, Micron Technologies and Nvidia.

Thesys Technologies LLC, the technology arm of Tradeworx, Inc, announced today that it has been selected to build a powerful new system to manage the tracking and auditing of all stocks and transactions by the Securities and Exchange Commission.