Many hedge fund managers have been awaiting the elusive traditional correction of 10 percent. It has been a record number of days since such an event has occurred, which has frustrated both market Bears, who want to profit from such a sell-off, and Bulls, who are awaiting a better entry point.
With all the talk around HFTs and their trading practices coming under the microscope, do you expect more state regulators and officials to begin examining HFT practices - just like with Big Tobacco?
- Just Congress and the Federal Goverment
Traders Magazine Online News
April 17, 2014 – High-frequency traders and representatives from HFT firms vigorously and defiantly defended their practices after a speech from the U.S. Attorney office in New York at the Security Traders Association of New York conference last week.
April 17, 2014 – Five ex-employees of Bernard Madoff who were found guilty last month of aiding his $17.5 billion fraud asked the judge in the case for an acquittal or a new trial, citing a lack of evidence and flawed jury behavior.
April 17, 2014 – New York Attorney General Eric Schneiderman sent subpoenas to six high-frequency trading firms seeking information about special arrangements they have with exchanges and dark pools as well as their trading strategies, according to a person familiar with the matter.
April 17, 2014 – Equity exchange traded funds have pushed into positive territory for the month of March, finally surpassing fixed-income funds.
April 16, 2014 – The speed and complexity of modern stock markets is partly driven by long-term investors who have adopted strategies pioneered by high-frequency traders, according to a top U.S. securities regulator.
April 16, 2014 – Three traders accuse the Chicago exchange group of sharing information to high-frequency traders in what could the first of many such lawsuits.
April 16, 2014 – IntercontinentalExchange Group Inc., owner of the NYSE, has purchased Algo Technologies in a move designed to modernize the U.S.'s oldest bourse.
April 16, 2014 – Many hedge fund managers have been awaiting the elusive traditional correction of 10 percent. It has been a record number of days since such an event has occurred, which has frustrated both market Bears, who want to profit from such a sell-off, and Bulls, who are awaiting a better entry point.
April 16, 2014 – BCS Financial Group, operator of Russian broker-dealer BCS, has brought on two new execs, including one former bulge bracket veteran.
April 15, 2014 – Bulge bracket broker Citi is now offering its electronic block pricing system via the Bloomberg system.
April 15, 2014 – Michael Lewis’s argument that the $23 trillion U.S. stock market is rigged in favor of speed traders is careless, according to Nasdaq OMX Group Inc. Chief Executive Officer Robert Greifeld.
April 15, 2014 – Trading technology vendor S3 has launched a suite of execution quality tools that are designed to maximize the quality of liquidity sought by both the buy- and sell-side.
April 14, 2014 – ICAP has taken two of its units and integrated then to form a new unified electronic FIX service for foreign exchange.
April 14, 2014 – European Union lawmakers are poised to approve some of the toughest restrictions in the world on high-frequency trading, the first crackdown in the aftermath of Michael Lewis’s latest book, “Flash Boys.”
April 14, 2014 – Block trading venue Liquidnet brings on respected veteran analyst to head up its market structure group while clearing firm LCH. Clearnet has named its first U.S. chairman.