Tag Archives: automated trading systems

Major Exchanges Win Back Market Share

Today in Financial News, Tim Cave reports that some of Europe’s major stock markets including the London Stock Exchange and NYSE Euronext enjoyed an uptick in their share of equities trading during the first half of the year, as they … Continue reading

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Getco Names New Chief Technology Officer

Arash Massoudi of the Financial Times writes that Getco named Jon Ross chief technology officer as the electronic trading firm continues to restructure leadership a month after sacking nearly 10 per cent of its workforce. The move is the latest … Continue reading

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U.S. Stocks Pare Losses as Phone Companies, Consumer Shares Rise

U.S. stocks pared losses as phone companies and consumer staples rose while banks rebounded, offsetting a decline in industrial shares sparked by a report showing an unexpected contraction in manufacturing. The Standard & Poor’s 500 Index fell 0.1 percent to … Continue reading

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In the IPO Capital of the World, Western Banks Go Hungry

Elzio Barreto of Reuters reports that although it was a sleepy fishing village just three decades ago, the southern Chinese city of Shenzhen last year hosted more IPOs than New York, Hong Kong and London combined – averaging one each … Continue reading

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HFTs Emerge From the Shadows

Today in the Financial News, Tim Cave reports that it was not so long ago that gaining access to high-frequency trading firms seemed almost as difficult as getting an audience with the Pope. How times have changed. As quickly as … Continue reading

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HFT Chief Confident of Reprieve on Mifid Rule

Michelle Price of Financial News writes that Europe’s top high-frequency trading chief has said he expects a new regulatory proposal, designed to rein-in HFT firms, to be dropped. Remco Lenterman, chairman of HFT trade body the European Principal Traders Association, … Continue reading

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SEC Could Seek Nasdaq Upgrading

Jenny Strasburg and Jacob Bunge of The Wall Street Journal report that Nasdaq OMX may be forced by securities regulators to upgrade its trading systems in the wake of last month’s glitch ridden stock sale by Facebook. The Securities and … Continue reading

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Tokyo Stock Exchange Taking Over Osaka, Creating Elite Exchange

As reported by Reuters, the Tokyo Stock Exchange will takeover its smaller rival in Osaka in 2013 to create the world’s third-biggest bourse with listed stocks worth $3.6 trillion, aiming to build scale to cope with a weak home market … Continue reading

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Direct Edge to Launch Operation in Brazil

As reported by The Wall Street Journal, electronic stock-market operator Direct Edge became the second major U.S. exchange this year to unveil plans for a Brazilian stock market, adding another potential challenge to Brazil’s dominant market operator BM&F Bovespa. The … Continue reading

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French Senate Cracks Down on High Frequency Trading

According to a report by Ulrika Lomas of Tax-News.com, the French Senate, with its left-wing majority, has approved plans to establish a tax on automated transactions in France, to curb the rapid rise in high frequency trading. Proposed by general … Continue reading

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