Tag Archives: GETCO

Michael Lewis is wrong, says Knightmare on Wall Street’s Edgar Perez: Markets are not any more ‘RIGGED’ than before

Posted on April 1, 2014 by Innovator

According to Edgar Perez, author of Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, stock markets are not any more ‘rigged’ than at the beginning of financial trading. He sustains … Continue reading →

Posted in Breaking News, Equity Markets, Flash Crash, High Frequency Trading, knight capital, NASDAQ, NYSE, Wall Street, World Exchanges | Tagged Aaron Lebovitz, algorithm, Alternative Investments, Andrew Kumiega, Automated Trading, Bank of America, Barclays Capital, Bart Chilton, Bleum, BNN, Bon Pisani, Cash Flow, Chicago, Citadel, CNBC, Commodities Futures Trading Commission, Dark Pools, Deutsche Bank, Edgar Perez, Facebook, Flash Boys, Fundraising, GETCO, goldman sachs, Hedge Fund Alert, Hedge Funds, HedgeCo, HedgeConnections, HFT conference, HFT DVD, high frequency trading workshop, high-frequency trading, high-frequency trading conference, High-Frequency Trading Experts Forum 2010, high-frequency trading leaders forum 2011, Hold, Hong Kong, HP, IBM, Individual Investors, infinium capital management, Institutional Investors, James Austin, James Simons, Jim Simons, Joe Saluzzi, John Netto, Kim Parlee, Knight capital, Knightmare, KNIGHTMARe ON WALL STREET, Manoj Narang, Mary Schapiro, Merrill Lynch, Michael Lewis, Microsoft, Morgan Stanley, Nasdaq, NYSE, Oriel Morrison, quantitative trading, Raising Funds, Renaissance Technologies, Sao Paulo, Scott Patterson, Securities and Exchange Commission, Sell, Short Sell, Singapore, Solarflare, Speed Trading, Starting a Fund, Steve Kroft, Sungard, Terrapinn, The Speed Traders, Tradetech, Trading, Ultra High-Frequency Trading, University of Chicago, Warren Buffett | Leave a comment

Former Knight Capital CEO Thomas Joyce’s Email and Credit Card Information Hacked by Anonymous

Posted on September 12, 2013 by Innovator

The personal electronic address and credit card information of Thomas Joyce, former Chief Executive Officer of Knight Capital, was in a database of Stratfor’s clients that was hacked by Anonymous on December 25, 2011, it was revealed in the book … Continue reading →

Posted in Equity Markets, Food for Thought, knight capital, Market Making, NASDAQ, NYSE, Practitioners, SEC | Tagged Anonymous, August 1, Barron’s, business thriller, Daniel Coleman, Dazzlepod, DMM, Edgar Perez, Electronic Trading, GETCO, hacktivists, intelligence briefing, KCG, KCG Holdings, Knight capital, KNIGHTMARe ON WALL STREET, market making, private intelligence agency, SEC, Shadow CIA, Strategic Forecasting, Stratfor, The Speed Traders, Thomas Joyce, Tom Joyce, trading error | Leave a comment

OPEN LETTER to SEC Chairman Mary Jo White: Maintaining the Standing of the U.S. as the World’s Most Sophisticated Financial and Trading Market

Posted on September 9, 2013 by Innovator

Dear chairman Mary Jo White, As informed by NASDAQ after the August 22 incident, price quotes were not being disseminated by the Securities Information Processor (SIP) for three hours. There was a connectivity issue, which led to degradation in the … Continue reading →

Posted in CFTC, Equity Markets, FINRA, High Frequency Trading, knight capital, NASDAQ, NYSE, Regulatory Updates, SEC, Wall Street | Tagged CFTC, Citadel, Den of Thieves, Direct Edge, Edgar Perez, Electronic Trading, Facebook, financial markets, GETCO, high-frequency trading, IBM, investors, IT department, Jersey City, KCG, KCG Holdings, Ken Pasternak, Knight capital, KNIGHTMARe ON WALL STREET, Liar’s Poker, Mary Jo White, Mary Schapiro, Michael Tobin, Microsoft, Nasdaq, New York Stock Exchange, NYSE, operational risks, PricewaterhouseCoopers, Retail liquidity program, RLP, SEC, SEC Chairman, shareholders, SIFMA, software, The Flash Freeze, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, The Speed Traders, TheFlashFreeze, Thomas Joyce, traders, trading disaster, Virtu Financial, Wall Street | Leave a comment

FORBES: Speed-Traders-R-Us? Algorithmic Trading Trickles Down To Individual Investors

Posted on September 7, 2013 by Innovator

According to Forbes’ Jeremy Bogaisky, Christopher Ivey is working on what he thinks is the next step in the evolution of trading. six flights up in a dim, grungy office building in Manhattan’s Union Square neighborhood. His efforts also serve … Continue reading →

Posted in Articles, Business, Equity Markets, Finance, High Frequency Trading, Practitioners, Wall Street | Tagged active traders, Alexandru Preda, algorithm-building tools, algorithmic techniques, algorithmic trading, alpha-generating secrets, AQR Capital Management, auto-trading tools, back-test strategies, Bollinger Band, brokerage accounts, browser-based, Carnegie Mellon University, Celent, Center for Innovative Financial Technology, Charles Schwab, Cheap technology, Christopher Ivey, cloud access, coding skills, Columbia University, Computational Research Division, computer programs, CoolTrade, David Leinweber, deregulation of commissions, development platform, drag-and-drop algorithms, EquaMetrics, Ernie Chan, executable trades, Fidelity, First Quadrant, Forbes, futures trading, GETCO, Hagen-Ricci Group, Harvard grad, Hedge Funds, HFT, high frequency trading firms, high-frequency trading, Individual Investors, James Simon, John Fawcett, Lawrence Berkeley National Laboratory, Lou Ricci, Manhattan, Margaret Belden, Massachusetts Institute of Technology, Master’s in finance, Master’s in financial engineering, Master’s in financial mathematics, mobile platform, Nicole Sherrod, options trading, Prodigio, Quant Farms, quant funds, quant hedge funds, Quantopian, Quants-R-Us, Renaissance Technologies, Rizm, rules-based strategies, self-directed trading, Sheffield Haworth, Sloan School of Business, sophisticated engineers, systematic trading, TD Ameritrade, Technical Indicators, Tim Richardson, Todd Fahey, trading programs, Union Square, University of Chicago, University of Pennsylvan, Wall Street, Wall Street banks, Web-based platform | 1 Comment

Maintaining the Standing of the U.S. as the World’s Most Sophisticated Financial and Trading Market

Posted on August 23, 2013 by Innovator

Knightmare on Wall Street‘s author, Edgar Perez, chastised U.S. regulators for their performance during NASDAQ’s “Flash Freeze”. Market participants appreciate visible leadership that goes beyond statements sent though press offices, he said. “Both individual and institutional investors would have felt … Continue reading →

Posted in Equity Markets, Events, FINRA, Flash Crash, High Frequency Trading, knight capital, NASDAQ, NYSE, Regulatory Updates, SEC, Wall Street | Tagged CFTC, Citadel, Den of Thieves, Direct Edge, Edgar Perez, Electronic Trading, Facebook, financial markets, GETCO, high-frequency trading, IBM, investors, IT department, Jersey City, KCG, KCG Holdings, Ken Pasternak, Knight capital, KNIGHTMARe ON WALL STREET, Liar’s Poker, Mary Jo White, Mary Schapiro, Michael Tobin, Microsoft, Nasdaq, New York Stock Exchange, NYSE, operational risks, PricewaterhouseCoopers, Retail liquidity program, RLP, SEC, SEC Chairman, shareholders, SIFMA, software, The Flash Freeze, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, The Speed Traders, TheFlashFreeze, Thomas Joyce, traders, trading disaster, Virtu Financial, Wall Street | Leave a comment

Bob Greifeld, Nasdaq Chief, Defends Handling of Trading Halt

Posted on August 23, 2013 by Innovator

The New York Times report that the chief executive of the Nasdaq stock exchange, Robert Greifeld, on Friday shot back at criticism of how his exchange handled a three-hour halt in trading on Thursday afternoon. Mr. Greifeld said in an … Continue reading →

Posted in Equity Markets, Market Making, NASDAQ, NYSE, SEC, World Exchanges | Tagged Bob Greifeld, Direct Edge, Edgar Perez, Electronic Trading, Facebook, financial markets, GETCO, high-frequency trading, IBM, investors, IT department, Jersey City, KCG, Ken Pasternak, Knight capital, KNIGHTMARe ON WALL STREET, Liar’s Poker, Mary Jo White, Mary Schapiro, Microsoft, Nasdaq, Nasdaq OMX, New York Stock Exchange, NYSE, operational risks, PricewaterhouseCoopers, Robert Greifeld, SEC, software, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, The Speed Traders, traders, trading disaster, Virtu Financial, Wall Street | Leave a comment

Nasdaq Glitch Prompts Two-hour Shutdown and Fears Over Stability

Posted on August 23, 2013 by Innovator

The Guardian reports that a glitch in the Nasdaq stock market resulted in an unprecedented shutdown of trading of over 2,000 major US stocks and options for more than two hours, creating confusion around the shares of the biggest companies … Continue reading →

Posted in Breaking News, Equity Markets, High Frequency Trading, knight capital, NASDAQ, NYSE, SEC | Tagged Barbarians at the Gate, BATS, Book Review, Citadel, Den of Thieves, Direct Edge, Edgar Perez, Electronic Trading, Facebook, financial markets, GETCO, high-frequency trading, IBM, investors, IT department, Jersey City, KCG, Ken Pasternak, Knight capital, KNIGHTMARe ON WALL STREET, Liar’s Poker, Mary Schapiro, Michael Tobin, Microsoft, Nasdaq, New York Stock Exchange, NYSE, operational risks, PricewaterhouseCoopers, Retail liquidity program, RLP, SEC, shareholders, software, Steven Sadoff, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, The Speed Traders, Thomas Joyce, traders, trading disaster, Virtu Financial, Wall Street, Walter Raquet, When Genius Failed | Leave a comment

Trading Halted in Nasdaq Securities like Facebook, Microsoft and Apple… Did the NASDAQ Guys Read Knightmare on Wall Street?

Posted on August 22, 2013 by Innovator

According to The Wall Street Journal, U.S. stock exchanges on Thursday just halted trading in all securities listed on NASDAQ because of a technical issue, exchange officials said. NASDAQ announced the halt at 12:15 p.m. ET Thursday, and other exchanges … Continue reading →

Posted in Dark Pools, Equity Markets, Flash Crash, High Frequency Trading, NASDAQ, NYSE, SEC | Tagged $440 million, algorithmic trading, apple, August 1, Barbarians at the Gate, BATS, Book Review, Citadel, Den of Thieves, Direct Edge, Edgar Perez, Electronic Trading, Facebook, financial markets, GETCO, high-frequency trading, IBM, investors, IT department, Jersey City, KCG, Ken Pasternak, Knight capital, KNIGHTMARe ON WALL STREET, Liar’s Poker, Mary Schapiro, Michael Tobin, Microsoft, Nasdaq, New York Stock Exchange, NYSE, operational risks, PricewaterhouseCoopers, Retail liquidity program, RLP, SEC, shareholders, software, Steven Sadoff, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, The Speed Traders, Thomas Joyce, traders, trading disaster, Virtu Financial, Wall Street, Walter Raquet, When Genius Failed | 1 Comment

While Infinium Starts Talks on Tie-up, Knight Founders Join Knightmare’s Book Launch Party

Posted on August 20, 2013 by Innovator

While Infinium Capital Management is in talks to acquire a strategic partner, as reported by Reuters, founders of Knight Capital will be in attendance today at the book launch party for Knightmare on Wall Street, Edgar Perez’s latest book about … Continue reading →

Posted in Breaking News, CME Group, Events, knight capital, Practitioners | Tagged Aaron Lebovitz, algorithmic software programs, charles whitman, CME Group, Commodities, Edgar Perez, energy, George Hanley, GETCO, global economic recovery, Hedge Funds, high-frequency trading, high-speed U.S. trading firm, increased competition, Infinium Capital, institutional traders, IntercontinentalExchange, KCG Holdings, Knight capital, KNIGHTMARe ON WALL STREET, low interest, low-volatility, low-volume, Mark Palchak, regulatory oversight, reuters, strategic partner, Tabb Group, trading environment, U.S. exchanges, volume and volatility | 1 Comment

Knightmare on Wall Street Book Review: How Knight Capital Fumbled its Best Opportunity to Shine

Posted on July 31, 2013 by Innovator

Ever since the Knight Capital trading disaster broke in August 1, 2012, investors and traders have been morbidly fascinated by the incident. How had so sophisticated a company managed to burn though $440 million in a bit more than half … Continue reading →

Posted in Breaking News, Equity Markets, High Frequency Trading, knight capital, Market Making, NASDAQ, NYSE, SEC, Wall Street | Tagged $440 million, algorithmic trading, August 1, Barbarians at the Gate, BATS, Book Review, Citadel, Den of Thieves, Direct Edge, Edgar Perez, Electronic Trading, Facebook, financial markets, GETCO, high-frequency trading, IBM, investors, IT department, Jersey City, KCG, Ken Pasternak, Knight capital, KNIGHTMARe ON WALL STREET, Liar’s Poker, Mary Schapiro, Michael Tobin, Nasdaq, New York Stock Exchange, NYSE, operational risks, PricewaterhouseCoopers, Retail liquidity program, RLP, SEC, shareholders, software, Steven Sadoff, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, The Speed Traders, Thomas Joyce, traders, trading disaster, Virtu Financial, Wall Street, Walter Raquet, When Genius Failed | 5 Comments

Tag Archives: GETCO

Michael Lewis is wrong, says Knightmare on Wall Street’s Edgar Perez: Markets are not any more ‘RIGGED’ than before

Former Knight Capital CEO Thomas Joyce’s Email and Credit Card Information Hacked by Anonymous

OPEN LETTER to SEC Chairman Mary Jo White: Maintaining the Standing of the U.S. as the World’s Most Sophisticated Financial and Trading Market

Maintaining the Standing of the U.S. as the World’s Most Sophisticated Financial and Trading Market

Bob Greifeld, Nasdaq Chief, Defends Handling of Trading Halt

Nasdaq Glitch Prompts Two-hour Shutdown and Fears Over Stability

Trading Halted in Nasdaq Securities like Facebook, Microsoft and Apple… Did the NASDAQ Guys Read Knightmare on Wall Street?

While Infinium Starts Talks on Tie-up, Knight Founders Join Knightmare’s Book Launch Party

Knightmare on Wall Street Book Review: How Knight Capital Fumbled its Best Opportunity to Shine

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