Monthly Archives: June 2011

Industry Players Eye EU Circuit Breakers to Curb Risk of Flash Crashes

As reported by GFS News’ Andrew Hickley, leading market players have thrown their weight behind proposals to introduce circuit breakers for high frequency trading exchanges in Europe. In a panel session at the International Derivatives Expo this week, Sjoerd Rietberg, … Continue reading

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High Frequency Traders Not The Enemy, says Edgar Perez, Author, The Speed Traders, interviewed by Gregg Greenberg, TheStreet.com

Edgar Perez, author of The Speed Traders: An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, says high frequency trading is not as dangerous as politicians make it out to be. According to Mr. … Continue reading

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New High-Frequency Trading Lobbying Group for Europe

The Futures Industry Association has announced the creation of a new European lobbying group for high frequency traders. The FIA European Principal Traders Association will comprise 15 of the largest trading firms that use their own money to trade in markets … Continue reading

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Citi’s Reverse Stock Split Signals End of a High-Frequency Trading Era

It’s no secret that the savage decline of Citi’s stock into the penny stock zone was a huge boon to high-frequency traders. Many of the firms made the stock–along with some other low-priced bank stocks–the centerpiece of their strategies, trading … Continue reading

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Nasdaq, NYSE Arca Cancel Trades in Over 50 Stocks

More than 50 companies including pharmaceutical giants Pfizer Inc. and Merck & Co. were hit with a flurry of bad trades on Monday that later had to be canceled. Most of the trades that were canceled involved companies in the … Continue reading

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Oil Crash Pits Floor Veterans vs Computer Algos

A day after oil prices plunged an unprecedented $12 a barrel, a New York trader sat on the steps of the dormant oil futures pit, playing a word game on his tablet computer. Back to business as usual for floor … Continue reading

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Nasdaq bid for NYSE a ‘brief interlude’ – CEO

Nasdaq OMX Group’s failed bid for long-time rival NYSE Euronext was a “brief interlude” for management, and a disappointment, the exchange operator’s chief executive said Thursday. Robert Greifeld, speaking at a brief annual meeting, said he owed it shareholders to … Continue reading

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The Worst Market Structure … Except All Others

To paraphrase (poorly) Winston Churchill, our equity markets are the worst form of market structure “except all the others that have been tried.” Our current market structure is competitive, fast, innovative and cheap — all to a fault. The problem … Continue reading

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So Many Regulations, So Little Time

The Commodity Futures Trading Commission (CFTC) has embarked on a radical restructuring of the over-the-counter (OTC) derivatives market, at a pace that hardly allows us to even consider the impact of our new rules. We owe it to the markets … Continue reading

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Levin Statement on Proposed Foreign Exchange Swaps and Forwards Exemption

U.S. Sen. Carl Levin, D-Mich., chairman of the Permanent Subcommittee on Investigations, issued the following statement today regarding the U.S. Treasury Department’s proposal on regulation of foreign exchange swaps and forwards. In November, Levin urged Treasury Secretary Timothy Geithner not … Continue reading

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