Monthly Archives: January 2013

Houston Day Trader Charged by the SEC for Defrauding Lebanese and Druze Community Investors

Washington, D.C., — The Securities and Exchange Commission today charged a day trader in Sugar Land, Texas, with defrauding investors in his supposed high-frequency trading program and providing them falsified brokerage records that drastically overstated assets and hid his massive trading losses. … Continue reading

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Kyte Group goes live on AlgoSpan Low Latency Infrastructure and Exchange Access

AlgoSpan, the specialist market infrastructure provider, is pleased to announce that The Kyte Group has gone live with AlgoSpan’s low latency exchange market access platform, “AlgoNet’. The Kyte Group and their clients can now access the AlgoNet low latency European … Continue reading

Posted in Articles, Business, Finance, High Frequency Trading, high-frequency journalism, London Exchange, The Wall Street Journal | Tagged , , , , , , , | 1 Comment

Government Drops Insider Trading Probe Of Media Companies, Baffling Investors

According to the Huffington Post’s Eleazar David Melendez, The dismissal of an investigation into major media companies suspected of giving clients a sneak peek at crucial data drew great surprise on Wall Street, where traders make their living profiting from blips of information … Continue reading

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Sugar Land day trader accused of targeting his own community in investment scheme

According to Erin Mulvaney, A Sugar Land day trader was charged Tuesday with defrauding his Houston-area clients in a high-frequency investment scheme, officials said. The Securities and Exchange Commission alleges that Firas Hamdan provided falsified brokerage records that drastically overstated assets and hid his … Continue reading

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Is High-Frequency Trading Detrimental to Markets?

HFT is implemented via computer algorithms that take market data (trades and orders) as input, process it based on statistical arbitrage algorithms, and issue trading orders as output. Statistical arbitrage is a process of discerning and exploiting statistical patterns in … Continue reading

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Dell tunes up servers for high freaky traders

According to Timothy Prickett Morgan, When you run a high-frequency trading operation, milliseconds are millions of dollars lost or gained. So speed is just as important as the algorithm you come up with to make your trades. That’s why supercomputer … Continue reading

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Texas Day Trader Sued by SEC Over High-Frequency Trading Claims

According to Bloomberg’s Joshua Gallu, A Texas day trader illegally raised more than $6 million from the Houston-area Lebanese community by making false promises that his algorithmic trading program would generate 30 percent returns, U.S. regulators said. Firas Hamdan, 49, hid $1.5 … Continue reading

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High-frequency trading improves market quality, study finds

Study disproves commonly held negative perceptions of HFT High-frequency trading (HFT) and algorithmic trading (AT) have several beneficial effects on market quality, a new study has found. The report, entitled Foresight: The future of computer trading in financial markets, was commissioned by … Continue reading

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SEC has power to ban high-frequency trading, congressman says

Not everyone agrees that using high-speed machines to trade stocks in less time than it takes the average person to blink is a bad thing, but the people who do might be heartened by the letter a congressman sent the … Continue reading

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German government to agree law on high-speed trading

Berlin – German Chancellor Angela Merkel’s centre-right coalition will on Monday decide on changes to a draft law to clamp down on ultra-fast trading on stock exchanges, which it sees as stoking excessive market turbulence. High-frequency traders use computer algorithms … Continue reading

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