Commentary

Dr. John Bates

Anyone for Tea and Sympathy with Beleaguered HFT Firms?

Guest columnist John Bates wonders if anyone feels bad for the high-frequency trading firms that are now facing lawsuits, sluggish markets and regulators.

Traders Poll

Do you expect more SEC investigations into order routing or handling?



Advertisement

Free Site Registration

Latest News

Jefferies Selects Markit for Equity TCA

– Agency broker Jefferies has chosen Markit to provide its trade-cost analysis software.

BATS Lists Alpha Architect's First ETF

– BATS added a new exchange-traded fund provider to its clientele, Alpha Architect, which listed its first ETF on the bourse today.

Pre-Trade Risk On a Chip

– Thanks to FPGA architecture, trading firms can burn their pre-risk controls onto the circuits in their back-office servers -- and keep the regulators at bay.

REDI Expands and Opens New Texas Office

– REDI Technologies, the independent market technology firm and developer of the REDIPlus execution management system, is growing its business and opening a new office in Plano, Texas.

Meet the 2014 Wall Street Women

– Meet the 2014 Wall Street Women from Traders. Wall Street Women: A Celebration of Excellence was created to honor women who have not only succeeded but excelled in a male-dominated industry.

New Chi-X2 Exchange is OK for Canadian Equities Market - CMCRC

– The Canadian equities markets remain safe from the scourge of fragmentation despite the addition of another marketplace.

Westminster Releases New Commission Management System

– Westminster Research Associates, a unit of ConvergEx Group, has released a new commission research platform for traders.

Bats Chi-X to Expand Exchange Into $237 Billion Turkish Equities Market

– Bats Global Markets Inc., which vies with London Stock Exchange Group Plc for the title of biggest European equity market, is expanding into Turkey.

More Stories

Highlights from the Current Issue

Palo Alto FX Trader Looks for Volatility

Daniel Lucas of Merk Investments is leading the foreign exchange charge in the buyside firm’s offices in the heart of Silicon Valley.

Why Trading Floors Are Shrinking

A wave of ground-breaking innovation and lower volumes has forced floor traders to face a new reality: a smaller, more intimate trading floor.

ALGO UPDATE: Pragma Offers Spot FX Currency Algos

The $5.4 trillion currency market is going electronic and Pragma is getting in the game now with its own algorithms targeting the $2 trillion spot market. The service bureau provider will start offering a variety of algorithms specifically for FX, ranging from simple TWAP to more complex liquidity seekers that minimize market impact.

In the CARDS - Is Finra's Data System Protecting Brokers or Investors?

Guest columnist Robert Stowksy reviews how FINRA's use of broker data to protect investors is under attack and asks the question, "Are they protecting investors or covering for bad brokers?"

TRADERS ON THE MOVE: ConvergEx Hires a Trio of Pros; Farrington Flies With Eagle

Agency-only broker and technology firm ConvergEx has hired a trio of market professionals to help it expand it's global reach while Eagle Investment Systems brought on Greg Farrington as it new head of sales. Bulge bracket broker UBS has hired Pierre Vermaak for its newly formed FRC team.

Reputational Risk RIP

Today, a $5 billion fine is the cost of doing business. How can any Wall Street firm take risk seriously?

BOOK REVIEW: 'Flash Boys' Burns HFT

Traders' reviews the controversial Michael Lewis tome 'Flash Boys' and how it has changed the way Americans think about high-frequency trading "if they even thought about it all" and its impact that may be seen in new regulations.

The Long Compliance Race

In an industry dominated by speed, where short-term success is dependent on decisions made faster than the blink of an eye, guest commentator Mark Knoll said that getting traders to focus on the long-term impact of regulatory changes is like trying to get a world class sprinter to think like a marathon runner.

CLEARING: CME's Sprague Warns About Failure to Settle Clearing Impasse

Traders spoke to Suzanne Sprague, executive director of collateral and risk for CME Clearing about the impasse, how to resolve it, and what it means for the clearing market.

HFT Hype Should Give Way to Serious Market Discussion, Experts Say

With the immediate furor over Michael Lewis's book, Flash Boys, finally dying down, many market players are hoping the receding hype gives way to a discussion of the real problems and possible solutions to some of the issues the book brought up - namely market structure.

ALGO UPDATE: Neonet Readies Algos for Europe; U.S. to Follow

Swedish agency-broker Neonet has a simple business strategy – offer its algorithms and electronic trading solutions first to its native European equity trading clients, and then cross the Atlantic and enter the U.S. equity markets.

Watch the Fiscal Rocks

Modern Network's Tim Quast discusses Michael Lewis's cage-rattling bestseller about high-speed trading, "Flash Boys," and how it left one thing out. Quast notes Lewis didn't say why exchanges pay fast traders. The answer spotlights the importance of getting right whatever corrective market-structure measures may come.

Current Issue

Sponsored Series

Advertisement

Advertisement

Current Issue

Traders Magazine

The stock dealers and institutional traders complete interactive news and information service

Advertisement