Monthly Archives: April 2011

U.S. Justice Department Prosecutors Probing High-Frequency Trading and Speed Traders

Robert Khuzami, director of the Securities and Exchange Commission’s Division of Enforcement, testifies before the House Oversight and Government Reform Committee on December 11, 2009. Photographer: Chip Somodevilla/Getty Images Bloomberg’s Joshua Gallu reports that U.S. prosecutors have joined regulators’ investigation … Continue reading

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Joint Analysis on Potentially Mandating Algorithmic Descriptions for Derivatives Published by the Securities and Exchange Commission and Commodity Futures Trading Commission

In a regulatory move that will potentially impact high-frequency traders, the Securities and Exchange Commission and Commodity Futures Trading Commission delivered to Congress a joint staff study on the “the feasibility of requiring the derivatives industry to adopt standardized computer-readable … Continue reading

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High Frequency Trading: Angel, Demon or Just Different?

As wrote by Steve Zwick from futuresmag, Mike O’Hara has interviewed scores of traders, connectivity providers, academics and exchange operators for his web site, the High Frequency Trading Review. He always opens his interviews with the same question: “What is … Continue reading

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London Stock Exchange Share of the Market Set to Fall Below 50 Percent

As reported by Reuters’ Luke Jeffs, the London Stock Exchange‘s (LSE) (LSE.L) share of UK share trading is set to fall below 50 percent in April for the first time in its 210-year history, in part reflecting an exodus of … Continue reading

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U.S. Senator Levin Says Stock Curbs Should Apply to Futures

Bloomberg’s Nina Mehta reports that according to Senator Carl Levin U.S. regulators should consider expanding proposed curbs limiting price moves for equities to related products such as futures on the Standard & Poor’s 500 Index. The limit-up/limit-down plan designed to … Continue reading

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Surprisingly, High-Frequency Stalwart GETCO Backs Tougher Regulation in Europe

Reuters’ Luke Jeffs reports that super high-frequency trader GETCO is backing regulatory plans to impose restrictions on these controversial trading firms but questioned whether these measures alone would prevent a repeat of last year’s U.S. flash crash. The U.S. Securities … Continue reading

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Survey Indicates More Positive Mood Among Top Hedge Fund Managers for 2011

Reuters’ Svea Herbst-Bayliss reports that hedge fund managers are finally breathing a sigh of relief. Newly confident that investment opportunities will improve in 2011 as the global economy recovers, more than half said they have a generally positive outlook for … Continue reading

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To Avert Extreme Volatility, S.E.C. Weighs Trading Limits

The New York Times’ Edward Wyatt reports that the Securities and Exchange Commission said on Tuesday that it would consider limits on the amount by which a stock’s price can move in any five-minute period, a feature that would replace … Continue reading

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ICE, Nasdaq: Explain Rival Deal’s New Synergies

The Wall Street Journal’s Jacob Bunge reports that IntercontinentalExchange Inc. and Nasdaq OMX Group Inc. on Monday called for NYSE Euronext and Deutsche Börse AG to explain how they came up with increased synergy targets detailed late Sunday. An additional … Continue reading

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S&P 500 Options Highest Since Lehman Brothers Signal Gains as Buyers Hedge

Play Video Bloomberg’s Jeff Kearns and Whitney Kisling report the conversation between Howard Present, president and chief executive officer of F-Squared Investments Inc., and Carol Massar, Matt Miller and Adam Johnson on Bloomberg Television’s “Street Smart.” The end of the … Continue reading

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