Tag Archives: Electronic Trading

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

OPEN LETTER to SEC Chairman Mary Jo White: Maintaining the Standing of the U.S. as the World’s Most Sophisticated Financial and Trading Market

Dear chairman Mary Jo White, As informed by NASDAQ after the August 22 incident, price quotes were not being disseminated by the Securities Information Processor (SIP) for three hours. There was a connectivity issue, which led to degradation in the … Continue reading

Posted in CFTC, Equity Markets, FINRA, High Frequency Trading, knight capital, NASDAQ, NYSE, Regulatory Updates, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Maintaining the Standing of the U.S. as the World’s Most Sophisticated Financial and Trading Market

Knightmare on Wall Street‘s author, Edgar Perez, chastised U.S. regulators for their performance during NASDAQ’s “Flash Freeze”. Market participants appreciate visible leadership that goes beyond statements sent though press offices, he said. “Both individual and institutional investors would have felt … Continue reading

Posted in Equity Markets, Events, FINRA, Flash Crash, High Frequency Trading, knight capital, NASDAQ, NYSE, Regulatory Updates, SEC, Wall Street | 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

Nasdaq Glitch Prompts Two-hour Shutdown and Fears Over Stability

The Guardian reports that a glitch in the Nasdaq stock market resulted in an unprecedented shutdown of trading of over 2,000 major US stocks and options for more than two hours, creating confusion around the shares of the biggest companies … Continue reading

Posted in Breaking News, Equity Markets, High Frequency Trading, knight capital, NASDAQ, NYSE, SEC | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Nasdaq Investigating Problem That Forced Trading Halt, No Answers Yet

Forbes’ Steve Schaefer reports a technical issue led the Nasdaq stock market to halt all trading in shares listed on its exchange, and request fellow exchanges do the same. The New York Stock Exchange acknowledged it had done so at … Continue reading

Posted in Breaking News, Dark Pools, Equity Markets, High Frequency Trading, knight capital, NASDAQ, NYSE, SEC | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Trading Halted in Nasdaq Securities like Facebook, Microsoft and Apple… Did the NASDAQ Guys Read Knightmare on Wall Street?

According to The Wall Street Journal, U.S. stock exchanges on Thursday just halted trading in all securities listed on NASDAQ because of a technical issue, exchange officials said. NASDAQ announced the halt at 12:15 p.m. ET Thursday, and other exchanges … Continue reading

Posted in Dark Pools, Equity Markets, Flash Crash, High Frequency Trading, NASDAQ, NYSE, SEC | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Nasdaq Eyes Opportunity as Fixed Income Slips Toward Electronic Trading

Julie Segal writes for Institutional Investor that Nasdaq, once known as the stock home for young technology companies, is making a bid to become a major player in the electronic trading of fixed-income securities. The move is a logical one … Continue reading

Posted in CME Group, Fixed Income, High Frequency Trading, NASDAQ | 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

Structural barrier to HFT participation in Asia OTC markets

Barriers include a lack of finalised rules and technology for scalable operations It is too early for high-frequency trading (HFT) firms to participate in the trading of cleared over-the-counter derivatives in Asia because of barriers such as cost and liquidity, … Continue reading

Posted in Articles, Breaking News, Dark Pools, Events, Finance, High Frequency Trading | Tagged , , , , , , , | 1 Comment