Algorithmic trading

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/Algorithmic trading

European exchanges up their game in face of dark pool competition - ITG

European stock exchanges have become more efficient and slashed the cost of trading over the last year as they bid to fight off growing competition from a rash of post-MiFID dark pool and MTF competitors, according to research from ITG.

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Goldman Sachs unveils BlockStrike block liquidity strategy

Goldman Sachs is introducing a feature that enables its electronic trading business customers to search for large blocks of liquidity in dark pools while still working the order using the algorithm's existing logic.

/Algorithmic trading

HFT makes up 77% of UK market - Tabb

High-frequency trading accounts for over three quarters of transactions in the UK equity market, according to research from Tabb Group.

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Credit Suisse to launch US 'Light Pool'

Credit Suisse Securities is set to launch a US electronic communications network (ECN) called Light Pool that will target long term investors.

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Nasdaq OMX buys real-time risk specialist FTEN

Nasdaq OMX has agreed the acquisition of real-time risk management technology provider FTEN. Financial terms of the deal were not disclosed.

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Burgundy makes Verizon data centre complaint

Burgundy has reported Verizon to Sweden's competition authority, with the Nordic multilateral trading facility claiming it has been blocked from using the US firm's network infrastructure.

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Former Goldman Sachs programmer convicted over HFT code theft

Former Goldman Sachs computer programmer Sergey Aleynikov faces up to 15 years in prison after a New York jury found him guilty of stealing propriety code connected to the investment bank's high-frequency trading platform.

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Dutch regulators see positive side of HFT

Dutch market watchdog AFM says it sees no grounds for restricting the use of high frequency trading (HFT), but warns that market participants and regulators must improve their operational and risk management techniques to deal with the complexity of computer-driven trading strategies

/Algorithmic trading

EC publishes MiFID II consultation

The European Commission has published its widely trailed Markets in Financial Instruments Directive (MiFID) review, calling for greater oversight of high-frequency trading and a clamp down on speculators in commodities.

/Algorithmic trading

MiFID II to tackle high-frequency trading

Traders will have to explain to regulators how their computer algorithms are designed and work as part of the European Commission's widespread overhaul of MiFID.

/Algorithmic trading

'Per-user' real-time LSE data reporting now in use at UBS

UBS is reporting its netted exchange data usage direct to the London Stock Exchange as part of a new 'per-user' programme, which allows firms to directly report their global real-time terminal inventory to the LSE.

/Algorithmic trading

MEP says all trades will be encouraged into lit markets

In what she describes as a "shot across the bow of the dark markets", Kay Swinburne, Conservative MEP for Wales says that the European Parliament is working on regulation that will actively encourage all trades to be executed in the lit markets.

/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.

/Algorithmic trading

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.