High Frequency News

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  • HFT Firms Flood DC with Donor Dollars
    By Phil Albinus | May 17, 2013
    While lawmakers and regulators take a long hard look at high-frequency trading, the firms that trade near the speed of light are donating money like never before.
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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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  • HFTs Chase Speed Despite Risks and Regulations
    By Phil Albinus | May 02, 2013
    Like an addict chasing the next high while evading their family, the police and reality, high frequency traders are in a similar state of denial.
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  • Columbia University Professor Analyzes HFT
    By Ivy Schmerken | March 22, 2013
    Based on what it calls 'the first meta-analysis of HFT,' Columbia Business School Professor Charles Jones finds that high frequency trading benefits liquidity and lowers trading costs, echoing other academic studies.
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  • U.S. State Regulators Urge Congress to Probe High-Frequency Trading
    By Reuters | March 05, 2013
    U.S. state securities regulators on Tuesday urged Congress to investigate the practice of using powerful computers to trade rapidly large volumes of securities.

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  • EU Commission Backs Transaction Tax Plan
    By Reuters | October 23, 2012
    The European Commission threw its support on Tuesday behind a plan by 10 euro zone to use a single rule to tax transactions by financial institutions as a way of contributing to the cost of the sovereign debt crisis.

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  • Tax on Trading Threatens New Division in Europe
    By John O'Donnell, Reuters | October 10, 2012
    A plan by a group of euro zone countries to introduce a tax on financial transactions threatens to drive more trading to London from centers such as Frankfurt, exacerbating divisions in Europe as it struggles to overcome an economic crisis.

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  • Eleven Euro States Back Financial Transaction Tax
    By John O'Donnell and Harry Papachristou, Reuters | October 09, 2012
    Eleven euro zone countries agreed on Tuesday to press ahead with a disputed tax on financial transactions designed to help pay for the cost of fixing a crisis that has rocked the single currency area.

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  • Chicago Fed Warned on High-Frequency Trading, SEC Slow to Respond
    By Emily Flitter and Sarah N. Lynch, Reuters | October 01, 2012
    More than two years ago, the Federal Reserve Bank of Chicago was pushing the U.S. Securities and Exchange Commission to get serious about the dangers of superfast computer-driven trading. Only now is the SEC getting around to taking a closer look at some of those issues.

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  • Allston Trading Hires Ex-SunGard Global Trading Exec as CEO
    By Ivy Schmerken | September 10, 2012
    Chicago-based proprietary electronic trading firm Allston Trading LLC appointed Raj Mahajan to CEO role, as the firm looks to expand the business and recruit talent.
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  • Getco Appoints New CTO
    By | July 02, 2012
    The firm appointed Jon Ross to the role, a position he held previously at Nasdaq and Intel ATS Inc.
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  • Black Box Funds Soar in May Despite Markets' Slide
    By Reuters, Reuters | June 15, 2012
    A clutch of algo-driven hedge funds have profited from steep market losses in May, outperforming other hedge funds in a welcome turnaround for the black box sector that has struggled recently amid volatile markets.
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  • China's Largest Bank Turns to Progress Apama For HFT Strategies
    By Justin Grant | May 15, 2012
    CITIC Securities said a growing number of institutional investors are looking for access to high-speed trading strategies in order to be more competitive.
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  • BofA Scores Large HFT Client, Virtu Financial
    By Justin Grant | May 08, 2012
    Financial News said the move comes as the bank looks to compete with the likes of Deutsche Bank, Morgan Stanley, and Credit Suisse, all of which offer HFT client services.
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  • High-Frequency Trading Not a New Concept, DRW Trading's Don Wilson Says
    By Justin Grant | April 09, 2012
    High-Frequency Trading Not a New Concept, DRW Trading's Don Wilson Says
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  • New Leaders for Goldman Sachs?
    By Reuters, Reuters | March 28, 2012
    Senior executives within Goldman Sachs have talked about splitting the roles of chief executive officer and chairman, two sources said, although pressure for any imminent move appears to have eased after a deal with a labor union pension fund.
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  • Getco Slapped With $450k Fine For Weak HFT Oversight
    By Justin Grant | March 26, 2012
    The firm admitted no wrongdoing, but agreed to pay a fine for a lack of oversight of high-frequency and algorithmic trading at its subsidiary Octeg.
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  • U.S. Securities Watchdog Probes High-Frequency Trading Firms
    By Reuters | March 23, 2012
    The U.S. securities watchdog is looking at whether some high-frequency trading firms have used their close links to computerised stock exchanges to gain an unfair advantage over other investors, the Wall Street Journal said.
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  • Clerical Error Foiled Hedge Fund Octavian's Balda Battle
    By Reuters | March 12, 2012
    Octavian Advisors said a clerical error prevented the $1 billion New York hedge fund from backing its own move last month to oust the board of German medical and electronics products maker Balda AG.
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  • GETCO Promotes Daniel Coleman to CEO
    By Justin Grant | February 27, 2012
    The firm said Coleman is now tasked with boosting its core market-making business, and with expanding the company's client services offerings in the U.S. and overseas.
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  • Could Market Volatility Be Hiding a Flash Crash?
    By Phil Albinus | January 26, 2012
    Market volatility is not the same as a Flash Crash, Instinet's Alison Crosthwait says.
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  • Institutional Traders Concerned About HFT —Liquidnet Survey
    By Ivy Schmerken | September 12, 2011
    Two-thirds of Liquidnet's institutional clients in North America indicated they were concerned about high frequency trading's impact.
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  • Thomson Reuters Makes Play for High-Frequency FX Trading
    By Justin Grant | August 15, 2011
    Thomson Reuters announced it will add FX trading capabilities to the Elektron platform, a move aimed at capitalizing on the rapid growth of high-frequency global currency trading.
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  • Getco Acquires Automat
    By Ivy Schmerken | July 14, 2011
    The London-based proprietary trading firm focuses on exchange traded derivatives and spot foreign exchange markets.
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  • CME Study Claims HFT Reduces Price Swings
    By Ivy Schmerken | June 29, 2011
    The futures exchange operator conducted research over a two-year period, finding that computer-driven trading firms increase liquidity and narrow spreads.
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