Algorithmic trading

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/Algorithmic trading

Getco emerges as victor in Knight Capital bid battle

Getco has emerged as the winner in a two-way bidding war to take over Knight Capital, beating out rival Virtu with an improved £1.2 billion cash and shares offer.

/Algorithmic trading

Oz regulator chooses First Derivatives market surveillance system

The Australian Securities and Investment Commission (Asic) has selected First Derivatives to design, build and host a new market surveillance system.

/Algorithmic trading

Getco makes Knight Capital bid

High Frequency trading firm Getco has made a $3.50 a share offer for Knight Capital Group, which it helped rescue from bankruptcy over the summer.

/Algorithmic trading

Australia plans 'kill switches' to curb HFT risks

In a bid to curb high-frequency trading, Australia has unveiled plans for the introduction of 'kill switches' as part of a wider package of new market integrity rules.

/Algorithmic trading

No link between HFT and market manipulation - research

There is no link between high-frequency trading (HFT) and market manipulation, according to research from Australia's Capital Markets Cooperative Research Centre (CMCRC).

/Algorithmic trading

Flash crash reforms will fail to make markets safer - study

The new circuit breaker system designed to avoid a repeat of 2010's flash crash will fail to avert another market meltdown unless it is coupled with 'liquidity safety valves', warns a new piece of academic research.

/Algorithmic trading

Human error blamed for Indian 'flash crash'

India's National Stock Exchange (NSE) was forced to briefly halt trading this morning after 59 erroneous orders sent the Nifty index tumbling nearly 16% in a matter of minutes.

/Algorithmic trading

Credit Suisse hit with Oz penalty over rogue trading strategy

The Australian arm of Credit Suisse has been hit with a A$52,000 penalty for pumping up the share price of a company by accidentally using the wrong trading strategy within its automated order processing system to buy stock on behalf of a client.

/Algorithmic trading

Germany preps HFT rules

The German cabinet is set to approve a draft law curbing high-frequency trading, according to Reuters.

/Algorithmic trading

Chicago Fed calls for tighter control of high-speed traders

The Chicago Federal Reserve is calling for tighter controls on high frequency trading after finding that many firms are skirting the rules in the interests of speed-to-market.

/Algorithmic trading

Study questions MiFID II HFT plans

A UK-government commissioned working paper on the economic impact of MiFID II has hit out at several key computer trading rule proposals, warning that they could damage economic growth.

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HFT in the dock as another trading error hits exchanges

Stock exchanges, including Nasdaq, have been forced to cancel trades after erroneous orders in a security sent its price rocketing, according to the Financial Times.

/Algorithmic trading

UBS launches Quant HQ

Swiss bank UBS has set up a business area, called Quant HQ, offering quantitative trading clients access to its expertise and technology.

/Algorithmic trading

Australia bids to curb rogue algos

Australian securities regulators have unveiled tough new controls on automated trading systems in a bid avoid the aberrent market behaviours witnessed in European and US marketplacse.

/Algorithmic trading

Former Goldman programmer arrested again over HFT code theft

Sergey Aleynikov, the former Goldman Sachs programmer who had his conviction for stealing the bank's propriety HFT code overturned earlier this year, has been hit with fresh charges.

/Algorithmic trading

Knight Capital blames tech glitch for stock market chaos; faces $440m pre-tax loss

Knight Capital says that a "technology issue" at its market making unit was behind the volatile price movements in 140 shares yesterday that forced Nyse Euronext to cancel trades.

/Algorithmic trading

I Robot: Thomson Reuters adds psych analysis to machine-readable news

Thomson Reuters is adding "psychological analysis" to its machine-readable news service, interpreting the emotion and sentiment of stories and social media posts to help investors develop trading strategies.

/Algorithmic trading

Fear the number 13: Superstitious fund algo picks stocks based on numerology

A "superstitious" trading fund that uses an algorithm that picks stocks based on numerology and astrology is being launched by a design student.

/Algorithmic trading

Facebook IPO fallout continues as investor sues Nasdaq OMX

Nasdaq OMX is being sued by an investor over its botched handling of the Facebook IPO, which saw trading delayed and failed order cancellations.

/Algorithmic trading

Morgan Stanley penalised for DMA algo trade gone wrong

Nasdaq OMX Stockholm has slapped a Skr400,000 fine on Morgan Stanley after a Direct Market Access (DMA) client of the US bank mis-keyed an algo trade that spooked the markets and triggered an intraday auction by one of the Exchange's automatic volatility guards.