When hedge funds use bots to buy and sell stocks within milliseconds, they're not improving the market. They're rigging the market. (Red Auerbach came to my high school and told us to cheat to get ahead.
Opening Cross: 'Connect' With Your Clients As Well As Their Algos www.waterstechnology.com However, one could also argue that this is a case of next-generation desktops driving enterprise feed developments.
High Frequency Trading is nearly universally reviled. The Tournament Externality is just too obvious; it yields no social value to bring a piece of information to the market 1 millisecond before it would otherwise have arrived, ...
High frequency trading is now the norm, and it is not going away. Continuing to pretend that it has no effect on your investments and on your alpha is at best naïve and at worst ignorant. (Beware the Alpha Sharks!
Lately, the parasitic, price manipulative "Office Space"-inspired HFT practice known as "spoofing" has been consistently in the news: a week ago, it was the third largest futures broker, Newedge, who made headlines following a "record" FINRA...
A UK parliamentary committee has called on the government to investigate the viability of imposing a financial transaction tax on the profits made by high frequency traders operating in London markets.
One of the world’s leading experts in the regulation of high frequency trading and algorithmic trading has warned of the risks posed to investors from the rapidly changing structure of equity capital markets.
Episode 396: A Father Of High-Speed Trading Thinks We Should Slow Down NPR Also on the show: We talk with Simone Foxman of Quartz about high-speed traders paying to get a key financial indicator two seconds before everybody else.
High-frequency trading firms increased their campaign contributions to federal lawmakers by 673 percent from the 2008 to the 2012 election cycle, according to a report that sheds light on their political ...
gulfnews.com Brokerage offers platform for high frequency traders gulfnews.com Dubai: UAE's fast diversifying financial services sector has led Abu Dhabi-based brokerage ADS Securities to invest in and develop a new trading platform that would...
NYSE Technologies faces uncertain future Financial News In February 2012, NYSE Euronext also took a 25% stake in Fixnetix, a provider of ultra-low latency data, trading and risk services, further adding to its portfolio.
LCH.Clearnet, the multi-national central counterparty’s Paris-based European CCP, has received regulatory approval to clear credit default swaps (CDS) for European clients, through CDSClear, LCH.Clearnet’s credit default swap clearing business.
This is the first time European clients will be able to clear CDS indices and, subject to regulatory approval, LCH.Clearnet expects soon to be able to offer single name CDS, both of which will bring greater efficiency to the marketplace.
CDSClear’s index clearing service offers European clients improved portability conditions through its Asset Tagging solution. Asset Tagging allows clearing members to track which of their client-related non-cash collateral and positions could be “ported” (i.e. transferred) to another member in the event of a default, in line with EMIR requirements.
The index clearing service also streamlines the legal documentation process between clients and clearing members.
CDSClear’s single name clearing service will provide clients with extensive portfolio margining benefits.
Charlie Longden, CEO, CDSClear said, "Global regulatory momentum is leading OTC market participants to clearing houses with robust and proven risk and default management. LCH.Clearnet clears the broadest set of European credit indices, and we are pleased to extend the benefits of our CDS clearing service to European clients."
Barry Hadingham, Head of Derivatives and Counterparty Risk, Aviva Investors, said, “The market has been looking for a European CDS clearing solution for some time now, and we welcome LCH.Clearnet’s launch of CDS clearing for non-US clients. We are particularly pleased to see that the solution offers improved portability conditions and easy to navigate legal arrangements.”
Clearing members will continue to benefit from the ability to post non-cash collateral on a pledged account opened in the books of a Central Securities Depository (CSD) to cover their margin requirements.
This must be the week for complex event processing (CEP) operations to change ownership. Following on from the news of Tibco Software snapping up StreamBase Systems comes word that Software AG is acquiring the Apama division of Progress Software.
Three years on from the infamous flash crash of 2010, there is relief for some that speed limits do not feature in new European rules on high-frequency trading, but others now see a gap in the market for a slow lane.