Algorithmic trading

471 articles tagged with this keyword

/Algorithmic trading

Steve Cohen taps crowdsourced investment algos to manage up to $250m

Billionaire Steve Cohen is pumping up to $250 million into a new fund managed by Quantopian that crowdsources investment algorithms from its online community of amateurs.

/Algorithmic trading

Hedge fund boss welcomes day when computers take over

The president of one of the world's largest hedge funds has told an audience of fund managers that he looks forward to the day when they will all be replaced by computers.

/Algorithmic trading

Deutsche Bank to issue update on IT overhaul - FT

The executive charged with the job of overhauling Deutsche Bank's IT systems is due to give her first progress report this Friday, according to the Financial Times.

/Algorithmic trading

Whistleblower says SEC awarded him $750,000 for Nyse tip

The founder of market data outfit Nanex says that he has been awarded $750,000 for a whistleblowing tip that resulted in the New York Stock Exchange getting slapped with a $5 million SEC fine.

/Algorithmic trading

Electronic trading could affect fixed income liquidity during stress - BIS

The rise of electronic trading in fixed income markets could lead to liquidity issues in times of stress, according to new research from the Bank for International Settlements (BIS).

/Algorithmic trading

Ousted ITG CEO seeks $13m

ITG's former chief executive, Robert Gasser, is seeking $13 million from the execution broker three months after being forced out over a dark pool scandal.

/Algorithmic trading

Clinton plans HFT tax

Hillary Clinton has vowed to impose a high-frequency trading tax as part of a Wall Street reform package if she becomes president.

/Algorithmic trading

'Flash crash' trader granted bail

The British futures trader accused by US authorities of contributing to the 2010 "flash crash" has been freed on bail by a London court.

/Algorithmic trading

ITG pays $20.3m to settle SEC dark pool charges

Execution broker ITG and its affiliate AlterNet Securities have agreed to pay $20.3 million to settle SEC charges that they operated a secret dealing desk and misused the confidential trading information of dark pool subscribers.

/Algorithmic trading

Goldman Sachs programmer has HFT code theft conviction overturned

Former Goldman Sachs programmer Sergey Aleynikov has had a conviction for stealing the bank's propriety HFT code thrown out for the second time.

/Algorithmic trading

Goldman Sachs buys $20.5m stake in HFT tech firm Perseus

Goldman Sachs has bought a $20.5 million minority stake in Perseus, a firm that provides super-fast connectivity for high-frequency trading firms.

/Algorithmic trading

Former Goldman programmer faces second trial over HFT code theft

Sergey Aleynikov, the former Goldman Sachs programmer who had a conviction for stealing the bank's propriety HFT code overturned is back on trial on charges related to the same incident.

/Algorithmic trading

UK banks' IT spending to increase - CBI/PwC Report

UK banks’ spending priorities for the next year are focused on improving IT infrastructure and cyber security, according to a report from the CBI and PwC, which also finds a focus on building new digital platforms to remain competitive and respond to changing customer needs.

/Algorithmic trading

NY Attorney General turns up the pressure on Barclays

New York's Attorney General Eric Schneiderman is ratcheting up the pressure on Barclays Bank as he expands his lawsuit accusing the bank of fraud in the operation of its US dark pool.

/Algorithmic trading

Regulator gives green light to new Canadian stock exchange

Canadian regulators have given approval to Aequitas, a new stock exchange backed by a consortium of financial services firms that plans to take on TMX Group and keep out high-frequency traders.

/Algorithmic trading

Finra charges Wedbush Securities with market access violations

Wall Street regulator Finra has charged brokerage Wedbush Securities with systemic market access violations and anti-money laundering and supervisory failures.

/Algorithmic trading

Barclays seeks dismissal of NY Attorney General's dark pool lawsuit

Barclays has filed a motion seeking to throw out a lawsuit from the New York Attorney General accusing the bank of deceptively luring unwary investors to a dark pool that was actually being run for the benefit of predatory high-frequency traders.

/Algorithmic trading

UK watchdog to probe pre- and post-trade market infrastructure

The UK's Financial Conduct Authority is to probe for anti-competitive practices in the pricing and packaging of pre- and post-trade wholesale market infrastructure.

/Algorithmic trading

NY Attorney General files lawsuit over Barclays' 'toxic' dark pool

Barclays Bank has been accused of deceptively luring unwary investors to a private trading venue that was actually being run for the benefit of predatory high-frequency traders.

/Algorithmic trading

SEC chair sets out HFT and dark pool proposals

US Securities and Exchange Commission chair Mary Jo White has laid out her plans to rein in high-frequency traders and improve oversight of dark pools.