Monthly Archives: October 2010

EU Commission Love-Hate Relationship with High-Frequency Trading

High-frequency trading of stocks requires more regulation given the risks it poses, Michel Barnier, the commissioner for internal markets and services at the European Commission, said on Tuesday, adding he will work with U.S. regulators to craft new rules. How … Continue reading

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Why U.S. asks to Seal Courtroom to Guard Goldman Sachs’ Secrets?

Prosecutors asked a federal judge to seal the courtroom for part of the upcoming criminal trial of a former Goldman Sachs Group Inc computer programmer, an effort to protect the secrecy of the bank’s high-frequency trading platform. Why is this … Continue reading

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Is High-Frequency Trading Really Fast, Loose, and Out of Control as Newsweek Says?

Newsweek says “High-frequency traders, who on the whole have maintained a low profile, say that because their frenzied trading provides liquidity, they help markets run smoother, improving the environment for all investors. But combine the speed at which they operate, … Continue reading

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How Great is the Need for Speed for High-Frequency Trading

The growing availability of tick-by-tick market data from a variety of liquid markets has prompted one influential economist to preach the virtues of incorporating high-frequency data into risk systems to improve their performance. But risk managers at banks are unconvinced; … Continue reading

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Why Warren Buffett Thinks Flash Crash Didn’t Raise Any Fundamental Questions About the Markets

Legendary investor Warren Buffett, the Oracle of Omaha, didn’t seem particularly concerned about the Flash Crash on May 6th. Why this is relevant for high-frequency traders will be debated at High-Frequency Trading Experts Workshop 2010 (http://www.HFTExpertsWorkshop.com), “Practical Implementation of High-Frequency … Continue reading

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Starting a High-Frequency Trading Operation as Easy as Turning on a MacBook Air?

As reported by PC Magazine, Apple touts that users will gush over the instant-on feature. Any time a MacBook Air user closes the lid or puts the system to sleep, the system stays asleep for 70 minutes and then goes … Continue reading

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Why Paul Tudor Jones is Imploring Regulators to Impose Price Limits?

As reported in the Financial Times, this week, Paul Tudor Jones, the legendary hedge fund manager, delivered a passionate speech to a CME conference in Florida, which argued that the crucial problem bedeviling all markets these days is a lack … Continue reading

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Getco Asia Ready to Jump into High-Frequency Trading Shores in Singapore

As reported by the Financial Times, US proprietary trading and market-making firm Getco has been confirmed as a member of SGX, the Singapore Exchange, as high-frequency trading firms gear up for the Asian market. This new frontier will be further … Continue reading

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Findings Regarding the Market Events of May 6, 2010 – Executive Summary

This is the Executive Summary of the report of the findings regarding the market events of May 6 by the staffs of the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission. It was published in the agencies’ websites on October 1st. Continue reading

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