Category Archives: Market Making

Are High Frequency Traders Too Slow?

According to Bloomberg, high frequency trading is a wonderful subject for study because nobody agrees on what would make it Good or Bad. So academics and practitioners can write papers about how it is Good, or how it is Bad, … Continue reading

Posted in High Frequency Trading, high-frequency journalism, Insider Trading, Market Making, Regulatory Updates | Tagged , , , , , , , | Leave a comment

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

Posted in Dark Pools, Equity Markets, Flash Crash, High Frequency Trading, knight capital, Market Making, NASDAQ, NYSE | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Breaking News, Equity Markets, Events, Flash Crash, High Frequency Trading, knight capital, Market Making, NASDAQ, NYSE, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Equity Markets, Finance, Flash Crash, high-frequency journalism, Market Making, NASDAQ, NYSE | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Equity Markets, Flash Crash, Market Making, NASDAQ, NYSE, SEC | Tagged , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Equity Markets, Food for Thought, knight capital, Market Making, NASDAQ, NYSE, Practitioners, SEC | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Bob Greifeld, Nasdaq Chief, Defends Handling of Trading Halt

The New York Times report that the chief executive of the Nasdaq stock exchange, Robert Greifeld, on Friday shot back at criticism of how his exchange handled a three-hour halt in trading on Thursday afternoon. Mr. Greifeld said in an … Continue reading

Posted in Equity Markets, Market Making, NASDAQ, NYSE, SEC, World Exchanges | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Knightmare on Wall Street Book Review: How Knight Capital Fumbled its Best Opportunity to Shine

Ever since the Knight Capital trading disaster broke in August 1, 2012, investors and traders have been morbidly fascinated by the incident. How had so sophisticated a company managed to burn though $440 million in a bit more than half … Continue reading

Posted in Breaking News, Equity Markets, High Frequency Trading, knight capital, Market Making, NASDAQ, NYSE, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 5 Comments

HFT Research: Eurex Exchange Releases Proprietary Research Results

AutomatedTrader Magazine reports that Eurex Exchange is the first exchange in Europe to share part of its proprietary quantitative research on high- frequency trading (HFT) with the public. Key findings of this research include: (a) HFT participants played an important … Continue reading

Posted in Finance, High Frequency Trading, Market Making, World Exchanges | Tagged , , , , , , , , , , , | 1 Comment

Regulation Should Leave Market Microstructure Alone, Says Philippe Guillot, Financial Markets Chief

(February 14, 2013, New York)According to Waters Technology’s Steve Dew-Jones, Regulators are giving Mifid I—which increased competition—a vote of confidence, but are also highlighting the increased complexity and unintended consequences that followed the legislation. In this regard, Philippe Guillot, executive … Continue reading

Posted in Articles, Business, Events, Finance, High Frequency Trading, high-frequency journalism, Market Making, Regulatory Updates, U.S. Economy, World Economy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment