Algorithmic Trading News

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  • Is Trading Via Microwaves Ready for Prime Time?
    By Phil Albinus | May 08, 2013
    As traders look for the fastest way to trade, one connectivity provider may have an answer: Sending data and trade orders via microwaves. So, what happens when it rains?
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  • Regulators vs HFT Firms Debate: Who Blinks First?
    By Phil Albinus | April 19, 2013
    The confusion around high frequency trading and algorithmic trading is not helping the discussion of new regulations.
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  • Barclays Unveils Automated Capital Commitment for Algo Trading
    By Ivy Schmerken | April 12, 2013
    The feature —available for equity algorithmic trading — allows buy-side clients to gain access to liquidity while transferring risk and lowering the cost of execution on each algorithmic order.
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  • Nasdaq, CME Building Superfast HFT Link
    By Phil Albinus | April 11, 2013
    High-speed traders are going to see new boost in their market information rates thanks to a straight line of microwave towers between CME’s datacenter in Illinois and Nasdaq’s in New Jersey.
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  • Quantopian and Upgrade Capital Offer Algo Development Competition
    By Ivy Schmerken | April 09, 2013
    The competition will offer students with an interest in quantitative finance the opportunity to gain hands-on experience with algo development.
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  • PDQ Enterpises Inks Deal with Orbis Systems
    By Ivy Schmerken | April 01, 2013
    Retail institutional clients will gain direct access to PDQ's ATS and "electronic algorithmic trading crowd" via the Orbis trading platform.
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  • Winton Capital’s Hedge Fund Closes Amid No Interest
    By Phil Albinus | March 28, 2013
    One of the world’s largest hedge funds Winton Capital announced that its Henri Capital spinout will close after two years of trading due to a lack of clients.
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  • SEC Approves Nasdaq Payback Plan for Botched Facebook IPO
    By Phil Albinus | March 26, 2013
    UBS, Citi and others are not pleased with the $62 million settlement and may still sue.
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  • JPMorgan E-mails: "Stupid Quants"
    By Phil Albinus | March 19, 2013
    When the London Whale's losses came to light, the higher-ups inside JPMorgan looked around to share the blame.
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  • Sequester Chokes SEC, Regulator Funds
    By Phil Albinus | March 13, 2013
    As the market burns up the DOW, the SEC and other regulators will see their budgets slashed during the sequester. What happens if the government shuts down?
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  • Bitter Hedge Fund Divorce Battles For Custody of the Algos
    By Phil Albinus | March 08, 2013
    A long-running divorce between two hedge fund giants isn't over who gets the mansion or the yacht - but who gets to keep the trading algorithms.
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  • Meet The Unquantables: The SEC's Quant Team Briefs the FBI
    By Phil Albinus | March 06, 2013
    The jig’s up. The SEC’s team of quants is briefing the FBI and other regulatory bodies about how you trade and evade at high speeds.
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  • As Profits Plummet 82 Percent Last Year, Getco Still Wants Knight Capital
    By Phil Albinus | February 15, 2013
    The high-frequency trading firm is bullish on 2013 as it pursues Knight Capital Trading and unveils plans for a new "mid-frequency" market making system.
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  • Quantopian Taps Derivatives Trader as First 'Quant In Residence'
    By Ivy Schmerken | February 15, 2013
    To encourage community engagement and build relationships with users, the browser-based algo platform startup said Tim Meggs, a derivatives trader, will become the first participant in its QIR program.
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  • Chinese Investment Bank Builds Algo Strategies for Retail Customers, Taps Progress Apama Platform
    By Ivy Schmerken | January 30, 2013
    Citing demand from high-net worth retail customers, China Merchant Securities is providing eight common strategies for equities and equity derivatives, and plans to expand the offering to institutional clients in the future.
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  • Cerberus May Join Virtu Bid for Knight Capital: Report
    By Reuters | December 04, 2012
    Cerberus Capital Management LP is in talks to join Virtu Financial LLC's bid for U.S. brokerage Knight Capital Group Inc, the Wall Street Journal reported, citing people familiar with the discussions.

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  • New ITG Algo Takes Aim at Customization, Liquidity Sourcing
    By Justin Grant | November 28, 2012
    The broker says its latest algorithm will help the buy side take a more strategic approach to sourcing liquidity.
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  • Knight Capital Posts $389.9 Mln Loss on Trading Glitch
    By John McCrank, Reuters | October 17, 2012
    Knight Capital Group reported a third-quarter net loss due to a glitch on Aug. 1 that forced the electronic trader to take on additional investors to avoid bankruptcy.

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  • GETCO Expands Algorithmic Trading Tools For Institutional Investors
    By Justin Grant | October 16, 2012
    The firm said its GETAlpha algorithmic trading tools now include six new strategies.
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  • Roiled by Volatility, Sharp Peak Shutting Asia Hedge Fund
    By Reuters | September 26, 2012
    After suffering a 21 percent loss the Hong Kong hedge fund is shutting its doors.
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  • University of California Berkeley Joins Numerix Academic Partnership Program
    By Phil Albinus | September 21, 2012
    One of the Advanced Trading Top Quant Schools will integrate Numerix software into its Undergraduate-Finance Program.
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  • Hong Kong Start-Ups Lift Asia Hedge Fund Industry
    By Reuters | September 21, 2012
    Hedge fund assets in HK grow by $6.5 bln to $47.1 bln, and Asian industry adds $3.5 bln, in line with portfolio gains while hedge fund industry in Singapore, Japan shrinks
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  • UBS "Rogue Trader" Put Bank's Survival at Risk: Prosecutor
    By Estelle Shirbon and Michael Holden, Reuters | September 14, 2012
    Former UBS trader Kweku Adoboli put the Swiss bank's survival at risk through naked gambling that risked up to $12 billion, cooking the books and lying to his bosses until his "pyramid of fraud" collapsed, a British court heard on Friday.

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  • Ask a Broker: Should I Trust Your Algos?
    By Phil Albinus | September 13, 2012
    After Knight Capital's newest algorithm went rogue, buy side traders have to wonder about the safety and due diligence around their third-party algorithms. Advanced Trading interviewed a broker-dealer - anonymously, of course - on how traders can trust the safety of their trading formulas.
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  • Investors Pull More Money Away From Hedge Funds
    By Reuters, Reuters | September 11, 2012
    Investors took more money away from hedge funds in July when they asked for $7.4 billion back, underscoring their frustration with an industry that has long promised to make money in all markets but is currently delivering only middling returns.
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