Tag Archives: Algorithmic Trading Compliance

ESMA Issues Guidelines for High-Frequency Trading

As reported by FinExtra, ESMA publishes a consultation paper (ESMA/2011/224) today setting out its proposals for detailed guidelines for trading platforms, investment firms and competent authorities to address challenges of a highly automated trading environment, of which high-frequency trading (HFT) is an … Continue reading

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AllianceBernstein Narrows Spread Between the Buyside and Sellside

As reported by Traders Magazine’s Michael Scotti, money manager AllianceBernstein let four equity traders go in New York last Tuesday, in a move industry observers say is unprecedented on the buyside, but standard operating procedure in the brokerage world. Trading pros … Continue reading

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KVH Selects Progress Software for Improved Business Performance in Japan

As Reported by, Progress Software Corporation PRGS, a leading software provider that enables enterprises to be operationally responsive, announced today that Japanese integrated communications and IT management solutions provider, KVH Co., Ltd., has selected the Progress Responsive Process Management(R) (RPM) suite, the … Continue reading

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High Frequency Firms Poised To Challenge Dealers In Swap Trade

As reported by Fox Business’ Jacob Bunge, high-frequency trading firms are readying to challenge Wall Street banks’ dominance of the $601 trillion swaps market, according to a study from research firm Tabb Group. A new breed of electronic venues for trading in interest-rate … Continue reading

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Liquidnet reports rise in first half stock trading

As reported by WSJ’s Brendan Conway, dark-pool operator Liquidnet Holdings Inc.’s U.S. stock-trading volume gained in the first half of the year, as a calmer market and bigger block trades helped it buck an industry downtrend. Liquidnet specializes in handling … Continue reading

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Brokers See Challenges Ahead To Meet Sponsored Access Mandates

As reported by Traders Magazine’s Peter Chapman, the industry got some needed breathing room. The Securities and Exchange Commission decided in late June to postpone compliance with a cornerstone of its sponsored-access rule for four months. That gives broker-dealers time to figure … Continue reading

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High-Frequency Traders, in Spotlight, Battle Rules

As reported by New York Times’ Graham Bowley, for years they have operated in the shadows, often far from Wall Street, trading stocks at warp speed and reaping billions while criticism rose that they were damaging markets and hurting ordinary … Continue reading

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Debt Contagion Fears Drag Europe Shares to 4 Month Lows

As reported by Reuters, European shares fell sharply to four-month lows on Tuesday, as jitters intensified that the deepening euro zone debt crisis could spread to larger economies such as Italy and Spain, putting at risk the region’s financial stability. By 1046 GMT, … Continue reading

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New York Stock Exchange Euronext’s European Dark Pool Starts Trading Swiss Stocks

As reported by Bloomberg’s Nandini Sukumar, NYSE Euronext (NYX)’s SmartPool European dark pool began offering trading  in Swiss stocks as it challenges the Swiss exchange  for business. SmartPool will offer trading of the 20 biggest Swiss stocks and the 30 largest midcaps … Continue reading

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Date Set for Oil Manipulation Settlement: CFTC vs Optiver, a High-Frequency Trading Firm

As reported by Reuters, a date has been set for settlement talks between the U.S. futures regulator and high-frequency trading (HFT) firm Optiver Holding BV over allegations they manipulated oil prices in 2008. The Commodity Futures Trading Commission (CFTC) case … Continue reading

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