Author Archives: Innovator

Michael Lewis is wrong, says Knightmare on Wall Street’s Edgar Perez: Markets are not any more ‘RIGGED’ than before

According to Edgar Perez, author of Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, stock markets are not any more ‘rigged’ than at the beginning of financial trading. He sustains … Continue reading

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New York Attorney General Discusses Ongoing Investigation of High-frequency Traders

Randy Diamond from Pensions & Investments reveals that New York Attorney General Eric Schneiderman said Friday that his office is investigating several high-frequency trading organizations that gain advantages by receiving market information early. Mr. Schneiderman would not name the organizations … Continue reading

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Is High Frequency Trading a Dark Force Against Ordinary Human Traders and Investors?

High Frequency Trading (HFT) is the use of computer algorithms to rapidly trade stocks. Highly sophisticated proprietary strategies are programmed to move in and out of trades in timeframes as little as fractions of a second.  It is a business … Continue reading

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U.S. Securities and Exchange Commission Plans New Website to Publish Speed Traders Data and Research

The U.S. Securities and Exchange Commission plans to unveil a public website next week that will allow it to publish data, research and analysis using the type of robust market data exploited by high-frequency trading firms. The site will share … Continue reading

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Knightmare on Wall Street’s Edgar Perez on ‘Knight Capital, Goldman Sachs and NASDAQ’s trading glitches, a Sad New Market Reality?’

Mr. Edgar Perez, Author,  The Speed Traders and Knightmare on Wall Street, will provide the keynote speech “Knight Capital, Goldman Sachs and NASDAQ’s trading glitches, a Sad New Market Reality?” at High-Frequency Trading Leaders Forum 2013 Chicago, “Strategic and Tactical … Continue reading

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Technology-focused Hedge Fund, AienTech, Closes after Making its Mark in FX as a Top Provider of Volume to Bank Platforms

New York-based, high-frequency trading (HFT) firm AienTech is closing down after almost three years in operation, its chief executive and founder Ugur Arslan has confirmed. Details surrounding the closure are not yet known. Launched in January 2011 with a staff … Continue reading

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Drones Sending Lasers Across the Ocean? Welcome to the Race to Trade at the Speed of Light

In the wild, speed is the difference between killing or being killed, feeding or going hungry. Now more than ever, this is true in the shadowy concrete jungles of the world’s financial markets. Those currently trading who aren’t high-frequency traders, … Continue reading

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Unacceptable Options OPRA Trading Halt due to Software Upgrade at NYSE

The trading halt across U.S. options markets on Monday was due to a bug in new software being rolled out, a unit of NYSE Euronext (NYX.N), which operates the system, said on Tuesday, which was reported by Reuters. NYSE said … Continue reading

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MarketWatch: Exchanges Have ‘Homework’ after SEC Meeting on Tech Glitches

According to The Tell’s Sital Patel, the Securities and Exchange Commission is asking stock exchanges to come up with a series of concrete measures to ensure that market systems are of the highest standards and ensure better communications when breakdowns … Continue reading

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Former Knight Capital CEO Thomas Joyce’s Email and Credit Card Information Hacked by Anonymous

The personal electronic address and credit card information of Thomas Joyce, former Chief Executive Officer of Knight Capital, was in a database of Stratfor’s clients that was hacked by Anonymous on December 25, 2011, it was revealed in the book … Continue reading

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