Commentary

Alissa Knight
Traders Magazine Online News

Top 10 Trends in Cybersecurity, 2019: User Experience and Machine Learning

2019 will be the year CISOs focus on frictionless user experience, machine learning, and orchestration according to Aite Group.

Traders Poll

If Members Exchange (MEMX) gets SEC approval and launches, do you think it will force downward pressure on market data fees?




Free Site Registration

April 1, 2004

Managers Accused of Front-Running

By Staff Reports

Knight Trading Group and its previous management are facing front-running charges filed by the Securities and Exchange Commission and the NASD. The regulators recently notified Knight that they intend to bring charges for front running that allegedly took place at Knight between 1999 and 2001.

The two executives named ran its trading unit. They are former president Kenny Pasternak, and former head of institutional trading John Leighton. The charges, which were part of a two-year investigation, originated in an arbitration filed with the NASD by the previous head of institutional trading at Knight, Robert Stellato.