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?
The study by Charles Jones cite the usual benefits of HFT: enhanced liquidity and more efficient markets. But what about the conflicts of interest and order types designed specifically for the benefit of high frequency players?
The exchange operator said China Merchant Securites is the latest firm to use the SMARTS Broker platform to monitor illegal trading activity by their clients and traders.
Buy side firms need sophisticated tools to navigate the market structure as well as analytics and connectivity to alternative trading systems, but cost pressures are an obstacle to upgrading their OMS-EMS platforms, according to Greenwich Associates' study.
Buy side firms need sophisticated tools to navigate the market structure as well as analytics and connectivity to alternative trading systems, but cost pressures are an obstacle to upgrading their OMS-EMS platforms, according to Greenwich Associates' study.
A proposal by Nasdaq OMX to offer benchmark order that are similar to algorithms offered by brokers, raised regulatory, risk and competitive issues at the SEC.
Among the top trends on the buy-side trading desk in 2011, the biggest development is likely to be the increased reliance on transaction cost analysis to entice institutional investors and ensure best execution.
Finect Launches Network for Financial Industry's Social Media NeedsApril 30, 2013Enables financial advisors, asset managers and other professionals to create an online presence by using Twitter, LinkedIn and Facebook, while including tools to ensure compliance with the SEC/FINRA's guidelines.
US Watchdog Backs Off Over Financial Adviser RegulationFebruary 07, 2013Wall Street's industry-funded
watchdog is pulling back from a campaign to expand its powers so
that it would oversee 11,000 registered investment advisers,
leaving a regulatory hole that could be exploited by those
intending to commit fraud, its head warne
Getco Slapped With $450k Fine For Weak HFT OversightMarch 26, 2012The 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.
Q&A: Beware a Tax On Cancelled HFT OrdersMarch 15, 2012As the SEC ponders how to slow down the furious pace of high frequency trading, different ideas have come to light. Advanced Trading spoke with Michael Jenkins, partner in the financial services and strategy practices of A.T. Kearney. Portions of this inte
A Former SEC Enforcer On Slowing Down HFTMarch 12, 2012After years of trading near the speed of light can regulators realistically place a speed limit on high frequency trading? Mark Fickes, a former attorney for the SEC enforcement division and currently with BraunHegey & Borden of San Francisco, weighs in.
FINRA Appoints New Head of EnforcementOctober 22, 2010The Financial Industry Regulatory Authority announced it appointed J. Bradley Bennett, a partner at the Washington law firm Baker Botts, as the head of the regulator’s enforcement division.
Regulatory Systems: Will Their Steep Cost Outweigh Any Benefits?October 07, 2010Wall Street is evolving, seeking to reinvent itself following the financial crisis. Apparently, the metamorphosis will include building information systems that provide transparency into hidden balance sheets and create audit trails of high-frequency tradi
SEC Expands Circuit Breaker to Russell 1000 StocksSeptember 10, 2010U.S. financial regulators intensified their efforts to prevent a sequel to the May 6 Flash crash, moving to the expand Securities and Exchange Commission’s recently adopted circuit breaker to include Russell 1000 stocks.
SEC Announces Proposed Circuit Breaker RulesMay 19, 2010In response to the May 6 “flash crash,” the SEC is publishing proposed circuit breaker rules to pause trading in certain stocks if the price moves 10 percent or more in a five minute period.
HFT Firms Not Better or Worse, Just DifferentDecember 01, 2009HFT firms are inherently no better or worse than other market participants, they are just different and institutional investors need to adjust their trading strategies accordingly.
FINRA’s Ketchum Outlines Areas in Need of Regulation May 07, 2009Rick Ketchum CEO of FINRA addressed the attendees of the 13th annual Security Traders Association conference in Washington, DC on Tuesday, focusing on areas where he clearly sees a need for regulation.
Former SEC Chairman Pitt: Outside, Independent Exams NecessaryJanuary 12, 2009As FINRA and the SEC have been called to task in the wake of the Madoff scandal, former SEC Chairman Harvey Pitt spoke to Advanced Trading about what should be done to improve regulatory oversight.
