Algorithmic trading

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/Algorithmic trading

Thomson Reuters launches social media sentiment analysis service

Thomson Reuters is adding information and sentiment analysis from social media sites and blogs to its machine-readable news service.

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Exchange competition and HFT get hostile reception in UK market review

A government-sponsored independent review into the performance of UK equity markets has encountered deep scepticism among asset managers of the wisdom of opening national stock markets to competition and scathing criticism of the role played by high frequency traders in distorting market values.

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European authorities get two months to affirm HFT governance plans

The European Securities and Markets Authority (Esma) has given national securities watchdogs two months to declare their plans for enforcing new rules on scrutinising high frequency trading activities.

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HFT no threat to financial stability - Swedish watchdog

High frequency trading does not pose a significant threat to financial stability in Sweden but does raise the spectre of market abuse, according to the country's regulator.

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Goldman programmer's conviction for stealing HFT code overturned

Former Goldman Sachs programmer Sergey Aleynikov has had his conviction for stealing the bank's propriety high-frequency trading code overturned by a federal appeals court.

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Nyse Euronext to buy Fixnetix stake

Nyse Euronext has agreed to acquire a 25% stake in UK trading technology outfit Fixnetix. Financial terms of the deal were not disclosed.

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CFTC creates HFT subcommittee

The Commodity Futures Trading Commission (CFTC) has voted to set up a subcommittee on high frequency trading in a bid to better understand its effects on the market.

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CME fines HFT firm $850k for algo and computer malfunctions

CME Group has fined high-frequency trading firm Infinium Capital Management a total of $850,000 for three separate computer malfunctions.

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Dark pool operator Pipeline pays $1m to settle SEC case

Pipeline Trading Systems will pay $1 million to settle SEC charges that it failed to tell users of its dark pool that the vast majority of orders were filed by an affiliated operation.

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MiFID reforms published; compliance bill to hit EUR732m in year one and EUR586m per annum thereafter

Financial markets in Europe are set to undergo a fundamental overhaul, as the European Commission rolls out new rules and regulations covering every aspect of the trade lifecycle, from pre-and post-trade transparency, through to execution and clearing and settlement.

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Securities watchdogs to step up HFT surveillance

Global securities regulators have called for stronger oversight of high frequency and algorithmic trading activity to 'mitigate the risks' posed by high-speed trading on market integrity and efficiency.

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EU financial markets get ready for MiFID II

The European Commission is this week meeting to finalise the details of a new set of rules governing competition and transparency in the capital markets, with implications for high frequency traders, execution venues, clearing firms, and the over-the-counter markets.

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Ex-Citadel staffer charged over code theft

A former Citadel quantitative financial engineer has been arrested and charged in relation to the theft of trading-related computer code.

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European exchanges voice concern over HFT consultation's scope

Europe's exchanges have voiced their concerns that broker crossing networks are not being subjected to the same level of scrutiny as traditional bourses in the current debate on regulating automated trading.

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Citi chooses Fidessa for global derivatives platform

American banking giant Citi has contracted UK vendor Fidessa for the provision of a workflow and trading platform for its global listed derivatives business.

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Quant manager pays $2.5m over code error which cost clients millions

The Securities and Exchange Commission has charged money manager AXA Rosenberg's co-founder with securities fraud for concealing a computer code error in a quantitative investment model he developed, costing clients millions of dollars.

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Institutional investors troubled by HFT - survey

More than two thirds of institutional traders around the world are concerned about the impact of high-frequency trading (HFT) on the equities market, according to a survey from Liquidnet.

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Robot traders set to oust humans from the trading floor

The number of human traders employed in the financial markets is set to fall dramatically over the next ten years as banks and brokers become increasingly reliant on computer-based algorithms to run their trading operations. This is one of the early conclusion of the UK Government's Foresight panel, which was assembled to study the implications of high frequency trading on the economy.

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Bloomberg taps consumer sentiment for equity analytics

Bloomberg is to begin offering traders social media analytics as a real-time sentiment indicator for stocks heavily influenced by consumer opinion.

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Ex-City minister calls for HFT probe

After a week of extreme market volatility, former City minister Lord Myners has called on the UK government to investigate high-frequency trading.