Category Archives: U.S. Economy

How high-frequency trading took the soul out of my career

In the view of Chicago Tribune Company: It was not subtle. It was not pretty. And yes, it felt mechanical. When the robots came a callin’, it felt like mathematics came and stomped the very soul out of the market. The … 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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Warren Buffett to HFT Critics: “It Doesn’t Make a Difference if You Own Stocks for a Long Period of Time”

Barron’s After announcing 2012 results on Friday, Berkshire Hathaway chief Warren Buffett made one of his regular stops on CNBC, speaking with Becky Quick about all manner of stock-market related issues. On high-frequency trading, and whether it hurts main street … Continue reading

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High Frequency Trading Firm Getco Reported Earnings For The First Time, And It Was A Massacre

According to Business Insider’s Linette Lopez, Getco, the high frequency trading firm that bought Knight Capital last year, reported earnings for the first time yesterday, and it was total carnage. The company’s profits were down 82% from this time last year because the … Continue reading

Posted in Articles, Business, Finance, High Frequency Trading, high-frequency journalism, Insider Trading, knight capital, U.S. Economy, World Economy, 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

Al Gore, Sociologists, Address High-Frequency Trades

According to Wall Street Pit’s Eric Falkeinstein, Al Gore’s latest tome The Future warns us that: There are already several reckless practices that should be immediately stopped: the sale of deadly weapons to groups throughout the world; the use of … Continue reading

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High-frequency trading to generate $2B this year

According to Life Health Pro’s Warren S. Hersch, High-frequently trading will generate $2 billion in in revenue in 2013, according to a new report. TABB Group, New York, published this finding in a summary of results from a survey on … Continue reading

Posted in Equity Markets, Finance, High Frequency Trading, Market Making, TABB Group poll, U.S. Economy | Tagged , , , , , , , , , , , , , , | 1 Comment

HFT Technologies LLC Opens New Consulting Company to Help IT Departments Prepare for Dodd-Frank

HFT Technologies LLC announced the launch of a new company, HFT Pros, to provide on-site consultingand staff supplementation services to financial firms throughout Chicago, New York City and other major financial centers. Demand for IT consultants with trading systems experience is expected … Continue reading

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B of E Studies HFT: Begins and Ends with Ambivalence

A recent working paper from the Bank of England reports on efforts to understand the rise of high-frequency trading and its impact on equity markets. I think it fair to say that the study fails to get any firm grasp of its … Continue reading

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Intilop’s Record breaking Ultra-low latency FPGA-NIC delivered

Santa Clara, Calif., Jan 28, 2013 – Intilop, Inc. a pioneer and a recognized leader in providing complex networking Mega-IP building blocks and full systems, today announced delivery of a true ultra-low latency NIC + System Platform powered by their … Continue reading

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