Algorithmic trading

471 articles tagged with this keyword

/Algorithmic trading

Credit Suisse penalised by Nyse for algorithmic meltdown

The New York Stock Exchange has fined Credit Suisse Securities $150,000 for failing to control development of an algorithm that went awry and flooded the Exchange trading system with hundreds of thousands of erroneous orders.

/Algorithmic trading

JP Morgan hires Troise to head e-trading business

JP Morgan has appointed Barclays Capital's Frank Troise as global head of equities electronic client solutions.

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Interactive Data acquires 7Ticks; creates new real-time trading unit

Interactive Data is to acquire low latency trading specialist 7Ticks and create a new real-time market data and electronic trading group to capitalise on emerging opportunities in wealth management and auto-trading.

/Algorithmic trading

Progress Software to slash workforce

Massachusetts-based enterprise technology provider Progress Software is set to cut its global workforce by between 12% and 14% in a bid to cut costs.

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Thomson Reuters woos algo traders with machine-readable company events

Reflecting the growing influence of computer-driven trading strategies, Thomson Reuters has expanded its machine-readable news offering to include real-time analysis of company events.

/Algorithmic trading

Chi-x Europe could name Alasdair Haynes CEO - Bloomberg

Multilateral trading facility Chi-X Europe could appoint Alasdair Haynes, the former boss of Investment Technology Group's international business, as CEO by the end of the week, according to Bloomberg.

/Algorithmic trading

Deutsche Börse acquires machine-readable data specialist Need to Know News

Deutsche Börse has acquired US financial news outfit Need to Know News, in an effort to raise the profile of its market data and analytical offerings with algorithmic traders.

/Algorithmic trading

US futures markets in crosshairs of algo revolution - Tabb

The US futures markets is set to be the next battleground for high frequency traders, as rapid uptake of algorithmic strategies leads to a surge in the proportion of volume traded on an automated basis, according to Tabb Group.

/Algorithmic trading

LSE introduces hidden orders; delays Baikal

The London Stock Exchange is to start letting traders place hidden orders in a bid to ward off competition from dark pools. Separately, press reports claim the bourse is delaying the launch of its own dark pool, Baikal, while it continues deal talks with rival platform Turquoise.

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SEC sets sights on sponsored access and exchange co-location

After taking on dark pools and flash orders, the Securities and Exchange Commission has now turned its attention to high frequency trading and the practice of sponsored access to exchanges.

/Algorithmic trading

Nomura launches low-latency European trading service

Nomura has launched a low latency trading service that taps networking technology from Colt to offer clients co-located software hosting connectivity to major exchanges and MTFs in Europe.

/Algorithmic trading

First Derivatives boosts Kx Systems stake; posts H1 profit rise

Capital markets tech house First Derivatives has acquired a further 15% interest in Californian analytical database vendor Kx Systems for $7.5 million in a mixture of cash and shares.

/Algorithmic trading

Morgan Stanley to measure latency performance with Corvil

Morgan Stanley is to use latency monitoring technology from Corvil to analyse and optimise data transmission speeds from its market data plants in New York and London and to and from execution venues.

/Algorithmic trading

SEC to extend dark pool probe

The Securities and Exchange Commission is to extend its regulatory probing of dark pools to include issues surrounding high frequency trading, direct market access and co-location.

/Algorithmic trading

SEC approves new rules to deal with erroneous trades

The Securities and Exchange Commission has approved new rules designed to limit the potential for systemic damage from fat-fingered or computer-generated erroneous trades.

/Algorithmic trading

Instinet to launch patent-pending 'aggregated' dark pool

Instinet is set to launch a new US dark pool that combines multiple smaller buy and sell orders up to a specific volume threshold in an effort to attract more anonymous block trade order flow.

/Algorithmic trading

SEC proposes flash ban; takes aim at credit rating agencies

The Securities and Exchange Commission (SEC) has proposed a ban on flash orders and agreed to tighten the supervision of credit ratings agencies.

/Algorithmic trading

BarCap takes minority stake in TradeWeb; unveils FX trading tools

Barclays Capital has taken a minority equity stake in TradeWeb, a provider of online markets owned by Thomson Reuters and a group of dealer-brokers. The size of the stake, nor the amount paid, was disclosed.

/Algorithmic trading

Quote MTF launches into crowded market

Hungary-based Quote MTF has become the latest trading platform to enter the crowded post-MiFID European securities market.

/Algorithmic trading

Algo traders and dark pools under fire as US senator calls for market review

The Securities and Exchange Commission (SEC) has been urged to conduct a comprehensive review of market structure by US Senator Ted Kaufman, who warns that practices such as algorithmic trading and the use of dark pools may erode investor confidence.