Monthly Archives: February 2012

Italy to Limit High-frequency Orders

As reported by Jeremy Grant and Rachel Sanderson, Italy’s stock exchange plans to charge traders if they send too many orders  into its system, in an effort to curb what regulators see as excessive numbers  of orders, according to people … Continue reading

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Bank of America Puts HFT Rebate Arbitrage back in Spotlight

As reported by Jim Kim, high-frequency traders–at least the ones who engage in liquidity rebate  arbitrage–have been more than thankful for the Bank of America stock swoon over  the last year. As it headed toward penny stock status, it quickly … Continue reading

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Summit Partners Buys FX Platform Stake

As reported by Tom Osborn of FINANCIAL NEWS, 360 Treasury Systems, Europe‘s largest independent currency and fixed-income trading platform, has announced a majority investment from U.S. private equity firm Summit Partners, becoming the latest independent FX platform to receive a strategic … Continue reading

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Court Overturns Conviction of Ex-Goldman Programmer

A federal appeals court reversed the conviction late Thursday of Sergey Aleynikov, a former Goldman Sachs programmer found guilty of stealing proprietary code from the bank’s high-frequency trading platform. The United States Court of Appeals for the Second Circuit overturned … Continue reading

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High-Frequency Trading Approaches the Speed of Light

The finance industry is in a race against science being waged with transatlantic cables and ever-tinier chips. A new paper authored by a team of physicists, engineers and industry data experts explores what Physics of Finance blogger Mark Buchanan calls … Continue reading

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Profiting from High-frequency Trading

As reported by  Eric St-Cyr, the founder and CEO of Clover Asset Management, on Feb. 13, the New York Stock Exchange experienced its lowest volume for non-holiday trade in over a decade. If we consider that High-Frequency Trading platforms (HFT) … Continue reading

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Italy Mulls Fee to Rein in Ultra-fast Share Trade

As reported by Reuters, Italy will introduce a special fee to rein in high-frequency share trading as soon as next month, two sources close to the market regulator said on Thursday, making it the latest European country to seek to … Continue reading

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Has High-Frequency Trading Killed Long-Term Investing?

Perception of a company can make the difference between $75 and $300 per share as Netflix found out. The wild markets we see today are a product of a new stock market paradigm. Is long-term investing dead? Let’s first consider … Continue reading

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Brokers Change Strategies as Electronic Trading Proliferates

As reported, over the next few years, the brokerage business will evolve away from execution toward a model in which brokers provide advisory and strategy services and trades are managed electronically, according to Greg Pritchard, managing director of Dedication Group. … Continue reading

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SunGard Enhances Trading Execution Services With the Addition of its Fox River Technology

As reported, SunGard has enhanced its execution services with the addition of its Fox River Execution Solutions to help improve execution quality, minimize information leakage and decrease overall execution costs. Fox River will be part of SunGard’s newly consolidated broker-dealer, … Continue reading

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