Monthly Archives: February 2012

Forcing Speed Traders to Pay for Cancelled Trades Wouldn’t Support SEC’s Mission to Maintain Fair Markets, Says Edgar Perez

Forcing speed traders to pay for cancelled trades wouldn’t necessarily support SEC’ stated mission to maintain fair, orderly and efficient markets and to facilitate capital formation, said Edgar Perez, author of The Speed Traders, An Insider’s Look at the New … Continue reading

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High-frequency trading seems scary, but what does the evidence show?

ON FEBRUARY 3RD 2010, at 1.26.28 pm, an automated trading system operated by a high-frequency trader (HFT) called Infinium Capital Management malfunctioned. Over the next three seconds it entered 6,767 individual orders to buy light sweet crude oil futures on … Continue reading

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GPS ‘Spoofers’ could be Used for High-frequency Financial Trading Fraud

As reported, GPS “spoofers” — devices that create false GPS signals to fool receivers into thinking that they are at a different location or different time — could be used to defraud financial institutions, according to Todd Humphreys from the … Continue reading

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High-Frequency Trading No Threat to Stability, Sweden’s FSA Says

As reported by bloomberg, high-frequency trading, under scrutiny from securities regulators globally, has had a minimal negative impact on the Swedish market and poses little threat to stability, the nation’s financial services watchdog said. “The investigation shows that the negative … Continue reading

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Spire Europe Bolsters Compliance Team

Spire Europe, one of the region’s fastest growing high-frequency trading firms, has hired a former compliance officer from Bats Chi-X Europe, as the specialist trading houses move to bolster their regulatory expertise ahead of greater oversight of their activities. Spire … Continue reading

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Goldman Sachs, Insider Trading, Facebook, BNY in Court News

As reported by Elizabeth Amon and Ellen Rosen of bloomberg, A former Goldman Sachs Group Inc. computer programmer was freed after his conviction for stealing the bank’s high-speed trading code was reversed by a U.S. appeals court. Wearing a gray … Continue reading

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High Frequency Trading Seminar Coming to the World’s Financial Capitals: From Sao Paulo to Seoul, Kuala Lumpur and Doha

Edgar Perez, the author of The Speed Traders, is not used to follow the most conventional route; this time, it is probably not the shortest one either. The presenter of The Speed Traders Workshop 2012 , who just returned from Sao … Continue reading

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High-Frequency Trading No Threat To Stability – Swedish FSA

As reported by Gustav Sandstrom  Of DOW JONES NEWSWIRES, High-frequency trading on financial markets is unlikely to pose any significant threat to financial stability, but upcoming international regulation may be needed to handle the potential risks, Sweden’s Financial Supervisory Authority said … Continue reading

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US SEC Widens Probe of Exchange-traded Funds

As reported by Reuters, US securities regulators have widened their inquiry into the trillion-dollar market for exchange-traded funds, according to a person familiar with the matter. Prompted by a delay in a big trade at a popular ETF, the US … Continue reading

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High-speed Trading Standards Set for Launch

As reported by Richard Partington, Fix Protocol, which sets industry standards, is to unveil the first independent like-for-like comparison of trading speeds – also called latency – next month. Trading platforms are locked in an arms race to achieve ever-faster … Continue reading

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