Tag Archives: citadel group

Fees Pitched for High-Frequency Trading by Senator Schumer: “High-Speed Traders Should Bear Cost of Oversight”

As reported by The Wall Street Journal’s Jacob Bunge, Senator Charles Schumer told regulators that sophisticated electronic traders should bear the cost of monitoring their dealings, with special fees assessed to traders that issue and then rapidly cancel securities orders. … Continue reading

Posted in Articles, Food for Thought, Regulatory Updates | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

What’s Behind High-Frequency Trading

Seminal article written by Scott Patterson and Geoffrey Rogow at The Wall Street Journal brought high-frequency trading, long an obscure corner of the market, into the spotlight in 2009. Wildly successful in 2008, high-frequency traders were the talk of Wall … Continue reading

Posted in Articles, Food for Thought | Tagged , , , , , , , , , , , , , | Leave a comment

Kauffman Declares ETFs Riskier to Markets Than High-Frequency Trading

Exchange-traded funds, not high- frequency trading, pose the greatest danger to stock-market stability and may trigger more disruptions like the May 6 selloff, according to the Kauffman Foundation in Kansas City. High-Frequency Trading Experts Workshop 2010 (http://www.HFTExpertsWorkshop.com), “Practical Implementation of … Continue reading

Posted in Articles, Food for Thought, Useful Links | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Is High-Frequency Trading Really Fast, Loose, and Out of Control as Newsweek Says?

Newsweek says “High-frequency traders, who on the whole have maintained a low profile, say that because their frenzied trading provides liquidity, they help markets run smoother, improving the environment for all investors. But combine the speed at which they operate, … Continue reading

Posted in Articles, Food for Thought | Tagged , , , , , , , , , , , , , | Leave a comment

How Great is the Need for Speed for High-Frequency Trading

The growing availability of tick-by-tick market data from a variety of liquid markets has prompted one influential economist to preach the virtues of incorporating high-frequency data into risk systems to improve their performance. But risk managers at banks are unconvinced; … Continue reading

Posted in Articles, Food for Thought | Tagged , , , , , , , , , , , , , , | Leave a comment

Why Warren Buffett Thinks Flash Crash Didn’t Raise Any Fundamental Questions About the Markets

Legendary investor Warren Buffett, the Oracle of Omaha, didn’t seem particularly concerned about the Flash Crash on May 6th. Why this is relevant for high-frequency traders will be debated at High-Frequency Trading Experts Workshop 2010 (http://www.HFTExpertsWorkshop.com), “Practical Implementation of High-Frequency … Continue reading

Posted in Articles, Food for Thought | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Why Paul Tudor Jones is Imploring Regulators to Impose Price Limits?

As reported in the Financial Times, this week, Paul Tudor Jones, the legendary hedge fund manager, delivered a passionate speech to a CME conference in Florida, which argued that the crucial problem bedeviling all markets these days is a lack … Continue reading

Posted in Articles, Food for Thought, Regulatory Updates | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Findings Regarding the Market Events of May 6, 2010 – Executive Summary

This is the Executive Summary of the report of the findings regarding the market events of May 6 by the staffs of the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission. It was published in the agencies’ websites on October 1st. Continue reading

Posted in Events, Regulatory Updates | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Letting the Machines Decide

Scott Patterson, journalist with The Wall Street Journal and speaker at Golden Networking’s High-Frequency Trading Leaders Forum 2010, reports about a hedge fund started by four young math wizards that is using a branch of artificial intelligence, called “computer learning,” to make investment decisions. Continue reading

Posted in Articles, Food for Thought | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Wall Street’s Speed War

Southerners backed by Netscape’s Jim Barksdale have pulled New York and Chicago closer by building the ultimate trading weapon. Three milliseconds is three one-thousandths of a second. Does that really matter? “That’s close to an eternity in automated trading,” says Ben Van Vliet, a professor at the Illinois Institute of Technology and keynote speaker at Golden Networking’s High-Frequency Trading Leaders Forum 2010. “This is all about picking gold coins up off the floor–only the fastest person is going to get the coins.” Continue reading

Posted in Articles, Food for Thought | Tagged , , , , , , , , , , , , , , , , , | Leave a comment