Commentary

Rob Daly
Traders Magazine Online News

OPINION: CAT NMS is Out of Options

The SROs have no choice but to meet their deadlines.

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More News - HFT

Aussie Regulator Says Its Market Structure Can Handle HFTs

The report, 18-344MR, examines both the equity and Australian-US dollar cross-rate markets. The review builds on ASIC's 2013 and 2015 analysis of high-frequency trading.

BNP Paribas and GTS Extend Strategic Collaboration into US Equities

The collaboration enables BNP Paribas to leverage GTS’ trading and technology capabilities to provide clients with deeper liquidity, tighter spreads and improved pricing in the US stock markets.

NYSE DMM GTS Takes Stake in Mischler Financial

Mischler will become a “forward operating base” for the growing GTS capital markets franchise.

GTS to Acquire Cantor's ETF and Wholesale Market Making Businesses

The transaction is expected to close in the first quarter of 2019. 

Supreme Court Denies Exchanges' Request to Hear HFT Case

According to a report from S&P Market Intelligence, the U.S. Supreme Court has rejected a request from the largest U.S. stock exchanges to hear a case over whether they systematically favor high-frequency traders.

HFT Isn't Getting Faster

Moving from microseconds to nanoseconds is no easy feat.

The REAL Lesson from the Dark Pool Scandals is Buy Side Ambivalence

Guest commentator David Weisberger asserts that some blame needs to be shouldered by the buy-side institutional clients that use dark pools, without measuring their effectiveness or even questioning the value of trading with retail flow.

A Case for Asymmetric Speed Bumps in U.S. Equities

Is having a speed bump at an exchange a tax or a blessing to the equities market? Greenwich Associate's Richard Johnson examines the topic in a new blog.

Exchanges Petition HFT Trading Case to Supreme Court

The public stock exchange operators are petitioning the Supreme Court to get a ruling on whether or not exchanges favor the HFTs.

OPINION: HFTs Not to Blame for 'Flash Crashes'?

Is it unfair to lay the blame of the worst market-structure characteristic at the feet of high-frequency traders?

QUICK TAKE: PDQ’s Don Ross Says NYSE/CHX Deal Aids System Gamers

In this QUICK TAKE, Don Ross, CEO of PDQ Enterprises, commented that the ICE announcement to purchase CHX means zero benefit to investors but more opportunity for gaming.

Cobinhood Launches App Capable of No Fee HFT Cryptocurrency Trading

Cobinhood developed a proprietary order matching engine that can process millions of orders with sub-millisecond latency, achieving the true ‘real-time’ trading experience now available for mobile users at any time.

White Oak Equity Partners Acquires Interest in Blueshift Asset Management

White Oak led a group of strategic investors who provided the equity capital to launch Blueshift’s business and trading activities. Terms of the transaction were not disclosed.

Hudson River Trading to Buy Sun Trading

Hudson River Trading LLC and Sun Holdings LLC announced that HRT has entered into a definitive agreement to acquire Chicago, IL-based market making firm.

HFT is Dead. Long Live HFT.

In this blog from Themis Trading, the authors examines the health of high-frequency traders and argue these players haven't disappeared into the sunset of unprofitability and that speed still matters when it comes to trading.