Monthly Archives: July 2011

Securities and Exchange Commission Will Track High-Frequency Traders’ Activity

As reported by Bloomberg’s Jesse Hamilton, the U.S. Securities and Exchange Commission will impose a system to monitor the behavior of high-frequency trading  firms and hedge funds  under new reporting standards for the most active market participants. SEC commissioners voted 5-0 today … Continue reading

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CME Slams Limit Up/Limit Down Plan

As reported by Traders Magazine’s Peter Chapman, CME Group says a proposed limit up/limit down plan for stocks and exchange-traded products is bad market structure. The operator of four futures exchanges told the Securities and Exchange Commission in a letter last … Continue reading

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Securities and Exchange Commission Hopes To Better Monitor High-Frequency Trading

As reported by Forbes’s Timothy Spangler, the Securities and Exchange Commission (SEC) today adopted a new rule establishing large trader reporting requirements, in an effort to improve their ability to identify high-frequency trading by large market participants. Under the new rule, … Continue reading

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A High-Frequency Tax: Paving the Way for a Fair Market, or a Roadblock to Efficiency?

As reported by Advanced Trading’s Justin Grant, as lawmakers and federal officials ponder fees for high-frequency traders in order to cover the steep cost of monitoring them, industry experts warn that an added tax could stifle the very segment that … Continue reading

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Securities and Exchange Commission Removes Credit Ratings From Regulations

As reported by New York Times’s Ben Protess, on Tuesday, the Securities and Exchange Commission unanimously approved a plan to erase references to credit ratings from certain rulebooks. The agency also adopted a substitute to the ratings, the first of several such … Continue reading

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Edgar Perez, Author of The Speed Traders, to Host High-Frequency Trading Happy Hour Chicago Tuesday 26

Edgar Perez, author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World (http://www.thespeedtraders.com), will host High-Frequency Trading Happy Hour Chicago (http://hfthappyhourchicago.eventbrite.com), at Public House this Tuesday July 26, from 6:00 … Continue reading

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Thumbs Up for Limit Up/Limit Down

According to Trader Magazine’s Peter Chapman, the trading community likes the proposed limit up/limit down rule, but it still has quibbles. The response from traders has largely been positive. “The trading community did not like the individual circuit breakers,” said … Continue reading

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SEC Weighs Approving System to Monitor High-Frequency Trading Activity

As reported by Bloomberg’s Jesse Hamilton, the U.S. Securities and Exchange Commission said it will decide July 26 whether to establish a system to watch the trading behavior of big market participants including high-frequency trading firms and hedge funds. The system, proposed … Continue reading

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ESMA Issues Guidelines for High-Frequency Trading

As reported by FinExtra, ESMA publishes a consultation paper (ESMA/2011/224) today setting out its proposals for detailed guidelines for trading platforms, investment firms and competent authorities to address challenges of a highly automated trading environment, of which high-frequency trading (HFT) is an … Continue reading

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AllianceBernstein Narrows Spread Between the Buyside and Sellside

As reported by Traders Magazine’s Michael Scotti, money manager AllianceBernstein let four equity traders go in New York last Tuesday, in a move industry observers say is unprecedented on the buyside, but standard operating procedure in the brokerage world. Trading pros … Continue reading

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