Algorithmic trading

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/Algorithmic trading

UK government to study economic impact of High Frequency Trading

The UK government is supporting a new study into the impact of high frequency trading on market stability and the UK economy.

/Algorithmic trading

Citi offloads ColorPalette OMS to FlexTrade

Citi is selling its LavaFlow ColorPalette order management system (OMS) to trading technology vendor FlexTrade. Financial terms were not disclosed.

/Algorithmic trading

Nasdaq OMX launches Nordic dark pool

Nasdaq OMX Nordic is launching a dark pool for regulated cash equity markets in Stockholm, Copenhagen, Helsinki and Iceland.

/Algorithmic trading

Chi-East dark pool launches

Chi-East, the pan-Asian dark pool joint venture from the Singapore Exchange (SGX) and Chi-X, has launched.

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SocGen trader goes on trial for HFT code theft

A former SocGen trader has gone on trial in Manhattan accused of stealing proprietary computer code used in the bank's high-frequency trading (HFT) system.

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European Parliament backs dark pool regulation

The European Parliament's economics committee has backed a report calling for tougher regulation of dark pools and high-frequency trading.

/Algorithmic trading

Iosco sets out plans for dark pool transparency

Dark pool trading needs to be made more transparent to ease growing concerns about price discovery, fragmentation and potential risks to market integrity, according to the International Organization of Securities Commissions (Iosco).

/Algorithmic trading

State of world

HSBC weigh in on OTC regulations and the impact of AIFMD.

/Algorithmic trading

Automating exchange traded derivatives

Philippe Chambadal of SmartStream discusses the cost and risk implications of inefficient ETD processing.

/Algorithmic trading

Turquoise now world's fastest trading platform - LSE

The London Stock Exchange is hailing Turquoise as the world's fastest trading platform, with an average latency of 126 microseconds, following its migration to the MillenniumIT technology system.

/Algorithmic trading

LSE extends co-location to non-trading firms

The London Stock Exchange is to start letting third party vendors co-locate at its data centre as it bids to cash in on increasingly valuable high-frequency trading business.

/Algorithmic trading

Norwegian day traders convicted of breaking algo and manipulating prices

A pair of Norwegian day traders have been convicted of cracking the algorithms of US broker Timber Hill and manipulating share prices, according to the Financial Times.

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European Commissioner takes aim at HFT

European Commissioner for internal markets and services Michel Barnier has vowed to work with US counterparts to increase high-frequency trading regulation, says Reuters.

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CFTC ponders rules to combat high frequency disruptions

The Commodity Futures Trading Commission is eyeing new rules under the Dodd-Frank financial reform legislation to safeguard against high frequency trading disruptions to US financial markets.

/Algorithmic trading

Internal crossing networks 'real villains' of flash crash - Sal Arnuk

Internalised trading engines at brokers and market makers have been portrayed as the 'real villains' of the May 6 flash crash by Sal Arnuk, co-founder of high frequency trading group Themis.

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UK Treasury examines high-frequency trading threat to economy

The UK Treasury is sponsoring a probe into high-frequency trading amid fears that computer-generated problems could hit financial stability, affecting the whole economy, according to the Financial Times.

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New Spanish MTF taps Equiduct for tech platform

Equiduct Systems has won a contract to provide the technology infrastructure for Spain's first MTF, Plataforma Alternativa de Valores Españoles (Pave).

/Algorithmic trading

Nasdaq OMX Nordic wards off HFT swings with new 'volatility guards'

Nasdaq OMX has introduced 'volatility guards' for its Nordic and Baltic markets, ensuring that trading will be paused in stocks that see a sharp price change.

/Algorithmic trading

UBS takes stake in HFT tech outfit Mantara

Mantara, a high-frequency trading technology provider, says it has received an unspecified strategic equity investment from UBS.

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Finra hands out $2.3m fine as HFT crackdown begins

A small US high frequency trading firm and several of its employees have been fined a total of $2.26 million for manipulating stock prices through a technique called "layering".