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?


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Traders Magazine Online News

BlackRock Brings New iShares Emerging Mart ETF via BATS

– BlackRock's iShares group is bringing its second exchange-traded fund in as many days. However, this new emerging markets ETF is listed on BATS.

Bloomberg Tradebook Launches Electronic RFQ Platform for ETFs

– Agency broker Bloomberg wants to bring the block trade from cash equities to the exchange traded fund market.

Big Banks Grab 53 Percent of FX Market Share, Can Climb Higher

– Big banks are getting bigger - in the foreign exchange trading markets. But how big?

Speed Trader Fined $1 Million for Nasdaq Manipulation Scheme

– Athena Capital Research LLC used $40 million to rig prices of thousands of stocks including EBay Inc. for at least six months in 2009, U.S. regulators said today when fining the high-speed trading firm $1 million.

Nasdaq Lists iShares Commodities Select Strategy ETF

– Nasdaq today announced that BlackRock will list a new exchange-traded fund, the iShares Commodities Select Strategy ETF.

Do Too Many Regulators Create Risk of ‘Piling On?'

– When too many U.S. authorities conduct overlapping investigations it can disrupt regulatory probes and lead to unnecessary lawsuits, a Securities and Exchange Commission official said.

Dark Pools Said to Direct Orders Elsewhere as U.S. Volume Surged

– Three of the largest dark pools told customers to trade elsewhere during at least part of yesterday’s session as concern about Ebola and global economic growth spurred the busiest day for U.S. stocks in three years.

CLEARING: DTCC Proposes Central Clearing for Repo Market

– The $1.6 trillion tri-party repurchase agreement market could get a central clearing repository if one clearing agency has its way.

Charles River Adds Thomson Reuters Fixed Income Pricing & Reference Data

– Charles River's mainstay data service is about to offer more pricing and reference data across multiple asset classes, helping meet the requirements of today's cross asset trader.

Trade Group ACI Launches North American Branch

– ACI - Financial Markets Association is jumping across the Pond and onto North American shores.

Broker Lobby Group Sees Conflicts in Nasdaq SIP Upgrade Process

– The lobbying group for brokers and money managers criticized the process for selecting who will upgrade a key piece of infrastructure in the U.S. stock market.

Dark Pools Face More Enforcement Actions, SEC Official Says

– The SEC is investigating special order types, how brokers route trades and payments they receive for sending customer orders to wholesale market makers.

SEC’s Hawke Says Agency is Preparing More Trade-Routing Cases

– The U.S. Securities and Exchange Commission is preparing more enforcement actions related to the ways alternative-trading systems route and execute orders, an agency official said.

U.S. September Options Volume Surges on Alibaba, iPhone and Vol

– September was a great month for U.S. options volume as pent-up investor demand from the summer drove sector trading.

ITG Announces POSIT 3.0 Algorithm Rollout

– ITG's newest dark pool algorithm, POSIT 3.0, is now available to all its U.S. clients, and sometime next year to its European customers.

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