Algorithmic trading

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/Algorithmic trading

FIXatdl 1.1 on its first anniversary

Scott Atwell FPL Global Steering Committee Co-Chair talks with Finextra about the global take-up of FIXatdl one year on.

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Quote MTF readies itself for launch

With eight liquidity partners, Quote MTF plans on targeting passive liquidity in the market.

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SocGen code thief jailed for three years

Former SocGen trader Samarth Agrawal has been sentenced to three years in jail for stealing the bank's high frequency trading code.

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CFTC panel recommends HFT curbs

A CFTC technology advisory committee has set out a range of proposals, including the introduction of price collars and a "kill button", to help check high-frequency trading.

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Flash crash panel calls for HFT curbs

High-frequency traders could be charged fees for the disproportionate amount of orders they send under recommendations from a panel set up in the wake of last May's flash crash.

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Former LSE boss Furse to head UK high-frequency trading probe

The UK government has tapped former London Stock Exchange chief Clara Furse to head up a study into the impact of high-frequency trading on market stability and the economy.

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Axa Rosenberg pays $242m over quant coding cock-up and cover-up

Investment firm Axa Rosenberg has agreed to pay $242 million to settle SEC charges that it covered up a computer code error in its quantitative investment model that cost clients millions of dollars.

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LSE signs Johannesburg exchange to MillenniumIT

The Johannesburg Stock Exchange has licensed the MillenniumIT technology platform from the LSE as it bids to cut transaction times and attract high-frequency traders.

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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.

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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

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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.

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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.

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'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.

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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.