Monthly Archives: March 2012

Gensler Says CFTC May Seek Automated-Trade Comments by July

As reported by Silla Brush – Mar 30, 2012 3:19 PM GMT-0400, Bloomberg The U.S. Commodity Futures Trading Commission may seek comment before July on ways to test and supervise automated and high-frequency trading systems, said Gary Gensler, the agency’s chairman. The agency, which has … Continue reading

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Electronic trading faster with new undersea cable

As reported by Matthew Philips, Saturday, March 31, 2012, San Francisco Chronicle The Canadian research ship Coriolis II will set out next month from Halifax to survey parts of the continental shelf stretching 1,000 miles off the east coast of Nova Scotia. … Continue reading

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Trading Firm IPO Fizzles in Seconds

As reported by Tom Lauricella, Scott Patterson And David Benoit, March 25, 2012, 12:48 p.m. ET, The Wall Street Journal Apple Shares Also Affected as Glitch Mars Debut of BATS Global Markets The initial public offering of a computerized stock exchange turned … Continue reading

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Volcker Shift, Securities-Suit Deadlines, Biomet: Compliance

As reported by Carla Main – Mar 27, 2012 7:50 AM GMT-0400, Bloomberg After a four-month lobbying blitz led by firms including Goldman Sachs Group Inc., JPMorgan Chase & Co. (JPM) and Credit Suisse Group AG (CS), there are signs that the fight over the … Continue reading

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Global Exchanges Strike Back at Abusive HFT Technique

As reported by Justin Grant, MARCH 29, 2012, Advanced Trading A growing number of exchanges are fighting quote-stuffing with fees aimed at punishing high-frequency traders for excessive order cancellations. As regulators continue their struggle to define and police high-frequency trading, exchanges around … Continue reading

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Quantitative Trading, Adversity To Alpha

As  reported by Louis Lovas, March 30, 2012 – 2:43pm, High Frequency Traders This article first appeared in Waters Technology‘s High-Frequency Trading special report. A trading firm’s final goal is to win, to be successful in outpacing the market. Trading firms operate in a … Continue reading

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Opening statement: Scott O’Malia at CFTC technology advisory committee

As reported by CFTC, 30 March, 2012, Finextra Today’s meeting is the 5th Meeting of the Technology Advisory Committee (“TAC”) and we have covered a variety of issues, including pre-trade functionality, the SEF Showcase and now high frequency trading. Despite its … Continue reading

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Trading at the Speed of Light

As reported by Matthew Philips on March 29, 2012, Bloomberg Businessweek In April the Canadian research ship Coriolis II will set out from Halifax to survey parts of the continental shelf stretching 1,000 miles off the east coast of Nova Scotia. The ship has been hired … Continue reading

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Botched BATS IPO At Least Good Test for Markets

As reported by Antony Currie, 26 March 2012, Breakingviews The botched BATS initial public offering could be disastrous for the upstart electronic exchange. It scrapped its market debut on Friday after shares crashed from their $16 opening to just 2 cents after … Continue reading

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‘Devastating’ BATS glitch that crashed Apple stock now fixed

As reported by Tiffany Hsu, March 26, 2012, 9:31 a.m, Los Angeles Times After causing a brief crash in Apple stock, sparking investor confusion and withdrawing its own initial public offering Friday, the high frequency trading exchange BATS Global Markets seems to be … Continue reading

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