Algorithmic trading

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/Algorithmic trading

SEC staffer's move to Getco prompts review of 'revolving door'

A US Senator has called on the Securities and Exchange Commission to review its "revolving door" policy, which sees many senior staffers leave for jobs with firms they once regulated.

/Algorithmic trading

Credit Suisse unveils fixed income algo platform

Credit Suisse has introduced a new algorithmic trading platform, Onyx, for fixed income dealing direct with the bank's US Treasuries trading desk.

/Algorithmic trading

Barclays Capital to launch dark pool for European equities

Barclays Capital plans to launch a pan-European dark pool for equities trading in the third quarter, building on the US platform it inherited from its acquisition of Lehman Brothers in 2008.

/Algorithmic trading

CFTC proposes co-location rule

The US Commodity Futures Trading Commission (CFTC) is calling for a new rule governing co-location in a bid to level the playing field for traders.

/Algorithmic trading

Knight takes Equiduct stake

US broker Knight Capital is set to make a strategic investment in Equiduct, the pan-European equities trading platform majority-owned by Citadel. Terms of the deal, which remains subject to Equiduct shareholder approval, were not disclosed.

/Algorithmic trading

ASX cuts fees and overhauls tech ahead of Chi-X challenge

The Australian Securities Exchange (ASX) has outlined plans to slash its trading fees and introduce a system aimed at high frequency traders as it prepares to face up to new competitor Chi-X.

/Algorithmic trading

SGX invest $250m in 'world's fastest' trading engine

The Singapore Exchange (SGX) has outlined plans to spend $250 million and tap technology from Nasdaq OMX to build what it claims will be the world's fastest trading engine.

/Algorithmic trading

CME taps Citadel exec to head new co-location programme

The Chicago Mercantile Exchange has hired Citadel executive Craig Mohan to spearhead a new co-location and data centre push aimed at the high frequency trading market.

/Algorithmic trading

CFTC ready to bin the fax as it tries to get to grip with tech-driven markets

The US Commodity Futures Trading Commission is to establish a technology advisory committee after admitting that it struggles to keep pace with technological advances and that it continues to use faxes and manual entry forms for reviewing trading account data.

/Algorithmic trading

Flash crash prompts circuit breaker roll-out

The Securities and Exchange Commission (SEC) has called for uniform circuit breakers on all S&P 500 stocks in response to the "flash crash" that caused mayhem earlier this month.

/Algorithmic trading

'Flash crash' post-mortem points to high speed trading curbs

Curbs on high speed trading in US markets appear inevitable as policymakers pore over the sequence of events that led to the dizzying plunge in the Dow Jones Industrial Average last week.

/Algorithmic trading

SEC summons exchange chiefs in wake of Dow plunge

The SEC has summoned exchange bosses to Washington for talks on how to prevent a repeat of Thursday's plunge in stock prices when the Dow Jones Industrial Average shipped more than 1000 points.

/Algorithmic trading

Computer-based trading under scrutiny in Dow freefall

US regulators are scrambling to deal with the aftermath of a wild day of trading on the Dow Jones Industrial Average which shipped more than 600 points in seven minutes before the close of trading in New York.

/Algorithmic trading

Nyse Euronext opens European liquidity data centre

Nyse Euronext has opened its European liquidity data centre and begun moving in customers it says will benefit from ultra-low latency co-location services.

/Algorithmic trading

FIA makes DMA risk management recommendations

The Futures Industry Association (FIA) has set out recommendations devised to help manage the risk related to direct market access to exchange networks.

/Algorithmic trading

LSE bid for high-frequency traders mocked by Bats

The London Stock Exchange's decision to change its tariff structure in a bid to win back high-frequency traders just months after scrapping an earlier scheme has been ridiculed by rival outfit Bats Europe.

/Algorithmic trading

SocGen trader charged with stealing HFT code

A former Societe Generale trader has been arrested by US authorities and charged with stealing propriety computer code used in the bank's high-frequency trading (HFT) system.

/Algorithmic trading

Thomson Reuters unveils high-speed global network

Thomson Reuters has unveiled a global high-speed data distribution network and hosting environment designed to enable financial firms around the world to access and share information.

/Algorithmic trading

SEC considers electronic tagging of high-frequency traders - WSJ

The US Securities and Exchange Commission is considering the electronic tagging of trades conducted by automated trading shops in an effort to keep tabs on the activities of high-frequency traders.

/Algorithmic trading

Intel targets high frequency traders with latest server processors

Chip giant Intel has begun hawking its new Xeon processor 5600 and 7500 series' to the financial services community, boasting of benefits in risk management, latency and data and order throughput.