Author Archives: Admin

Unraveling Monday’s Early Data Release to Traders

Monday’s market-moving ISM manufacturing data was inadvertently sent early by Thomson Reuters to a select group of high-frequency traders, many of whom immediately traded on the information before it was available to the wider market, CNBC has learned. The ISM … Continue reading

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How the Robots Lost: High-Frequency Trading’s Rise and Fall

    Steve Swanson was a typical 21-year-old computer nerd with a very atypical job. It was the summer of 1989, and he’d just earned a math degree from the College of Charleston. He tended toward T-shirts and flip-flops and … Continue reading

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Hft Update: Citi Fights High-Frequency Trading — with HFT

Liz Tay from Business Insider reports that Investment banks are driving down the volume of high-frequency trades on US stock exchanges with defensive, high-speed algorithms of their own, a Citigroup executive has claimed. Stephen Shore of the Australian Financial Review reports that … Continue reading

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Making a Case for Automated FIX Certification?

Candyce Edelen from AdvancedTrading: On October 5, 2012, a broker trading on India’s National Stock Exchange placed 59 erroneous orders, triggering a flash crash that wiped nearly 60 billion dollars from the value of some of that country’s largest public … Continue reading

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HFT Analysis: High Frequency Trading Myths Debunked

Remco Lenterman from Financial Times: an influential MEP told me some months ago that of the 250 meetings he’d attended in the preceding six months, 80 per cent were about high-frequency trading. This is an astonishing number. Who would have … Continue reading

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Chicago HFT hires BofA Merrill traders

Tim Cave from Financial News reports that Antoine Micallef, Steven Busuttil, Christopher Smith and Sebastian Quecke joined Jump Trading’s London office this month, according to two sources familiar with the situation. They were all part of Bank of America Merrill … Continue reading

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CBOE Seems Confident in Extending VIX Trading Hours

From Chicago Tribune: Expanded trading hours for CBOE Volatility Index futures are on track to begin later this year, according to CBOE Holdings Inc. incoming chief executive. “We are committed to completing that very important project later this year,” Ed … Continue reading

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FINRA Considering Rule to Require More Dark Pool Data Disclosure

A Wall Street regulator is considering new rules to shine light on dark trading after the largest U.S. dark pool operator stopped sharing data on the volume of its trades. The Financial Industry Regulatory Authority, the private-sector regulator of U.S. … Continue reading

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Financial Markets Are At Risk Of a ‘Big Data’ Crash

Maureen O’Hara from FT reports that regulators and investors are struggling to meet the challenges posed by high-frequency trading. This ultra-fast, computerised segment of finance now accounts for most trades. HFT also contributed to the “flash crash”, the sudden, vertiginous … Continue reading

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Despite Risks, Brazil Courts the Millisecond Investor

Dan Horch reports in NY Times that, at a time when the mere phrase “high-frequency trading” makes some investors queasy, Brazil’s stock exchange is putting out the digital welcome mat. In recent years, the BM&F Bovespa stock exchange in São … Continue reading

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