Tag Archives: High-Frequency Trading Seminar

High-frequency Trading Rules Will Hurt German Liquidity, Exchanges Say

According to Bloomberg’s Jonathan Morgan, restrictions on the minimum time orders must be held in German equity markets would do little to increase safety, the nation’s exchanges said as lawmakers debated proposed legislation. “The political, easily understandable argument that the … Continue reading

Posted in Flash Crash, High Frequency Trading, Regulatory Updates, Wall Street, World Exchanges | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

High-Speed Traders Profit at Expense of Ordinary Investors, a Study by Chief Economist at the Commodity Futures Trading Commission, Andrei Kirilenko, Says

A top government economist has concluded that the high-frequency traders that have come to dominate the nation’s financial markets are taking significant profits from traditional investors. The chief economist at the Commodity Futures Trading Commission, Andrei Kirilenko, reports in a coming … Continue reading

Posted in CFTC, CME Group, Food for Thought, Market Making, Practitioners | Tagged , , , , , , , , , , , , , , , , , , | 1 Comment

Knight Capital Expects Final Bids Soon from Rival Trading Firms Getco LLC and Virtu Financial LLC

Knight Capital expects to make a decision on its future ownership by early next week, according to people familiar with the matter. Rival trading firms Getco LLC and Virtu Financial LLC, which have submitted bids to buy the Jersey City, N.J., … Continue reading

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“Kill Switch” Proposal Gaining Strength as Trading Firms, Exchanges and Investors Meet with SEC Officials

The SEC Market Trading Technology Roundtable, which took place in Washington, has already generated a very rare joint letter by the major stock exchanges that proposes creating a “kill switch” in an effort to control runaway algorithms, among other issues. … Continue reading

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‘Knightmare on Wall Street’ Author Speaking at High-Frequency Trading Leaders Forum 2012 Chicago

Edgar Perez, widely regarded as the preeminent global expert in the specialized area of high-frequency trading, author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, and the forthcoming Knightmare … Continue reading

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Are Average Investors Getting Bilked by Wall Street Supercomputers?

As long as there has been a Wall Street, there have been those seeking to skim a little (or a lot) off the top of the vast wealth changing hands in the markets each day. Though capital markets in America … Continue reading

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High-Frequency Trading: It’s Worse Than You Thought

High-frequency trading, which already has a sullied reputation, is even worse than the critics have charged, a new survey shows. The Federal Reserve of Chicago recently asked 30 firms associated with the industry — traders, exchanges, vendors and others — to evaluate … Continue reading

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Germany Eyes Clampdown on High-Frequency Trading

BERLIN (AP) — The German government plans to propose tighter regulation of computer-driven high-frequency trading on financial markets, a practise that has been blamed for undue spikes and drops in markets. Germany’s Finance Ministry said Tuesday a draft law will … Continue reading

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Chicago Fed Study Blasts the Lid Off of High Frequency Trading

We hear all sorts of reasons the little guy won’t buy stocks these days but the below graph, courtesy of a Chicago Fed study, might explain a lot of it. The above chart shows an astounding percentage of market trades going … Continue reading

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For Superfast Stock Traders, a Way to Jump Ahead in Line

At issue is whether exchanges sometimes allow high-speed trading firms to trade ahead of less-sophisticated investors, potentially disadvantaging them and violating regulatory rules. The inclusion of Nasdaq and NYSE in this high-profile probe, and the role Mr. Bodek has played … Continue reading

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