Algorithmic trading

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/Algorithmic trading

SEC summons exchange chiefs in wake of Dow plunge

The SEC has summoned exchange bosses to Washington for talks on how to prevent a repeat of Thursday's plunge in stock prices when the Dow Jones Industrial Average shipped more than 1000 points.

/Algorithmic trading

Computer-based trading under scrutiny in Dow freefall

US regulators are scrambling to deal with the aftermath of a wild day of trading on the Dow Jones Industrial Average which shipped more than 600 points in seven minutes before the close of trading in New York.

/Algorithmic trading

Nyse Euronext opens European liquidity data centre

Nyse Euronext has opened its European liquidity data centre and begun moving in customers it says will benefit from ultra-low latency co-location services.

/Algorithmic trading

FIA makes DMA risk management recommendations

The Futures Industry Association (FIA) has set out recommendations devised to help manage the risk related to direct market access to exchange networks.

/Algorithmic trading

LSE bid for high-frequency traders mocked by Bats

The London Stock Exchange's decision to change its tariff structure in a bid to win back high-frequency traders just months after scrapping an earlier scheme has been ridiculed by rival outfit Bats Europe.

/Algorithmic trading

SocGen trader charged with stealing HFT code

A former Societe Generale trader has been arrested by US authorities and charged with stealing propriety computer code used in the bank's high-frequency trading (HFT) system.

/Algorithmic trading

Thomson Reuters unveils high-speed global network

Thomson Reuters has unveiled a global high-speed data distribution network and hosting environment designed to enable financial firms around the world to access and share information.

/Algorithmic trading

SEC considers electronic tagging of high-frequency traders - WSJ

The US Securities and Exchange Commission is considering the electronic tagging of trades conducted by automated trading shops in an effort to keep tabs on the activities of high-frequency traders.

/Algorithmic trading

Intel targets high frequency traders with latest server processors

Chip giant Intel has begun hawking its new Xeon processor 5600 and 7500 series' to the financial services community, boasting of benefits in risk management, latency and data and order throughput.

/Algorithmic trading

FPL unveils algo trading definition language; forecasts wide uptake

FIX Protocol Limited (FPL) has launched an industry standards-based messaging language for algorithmic trading strategies.

/Algorithmic trading

Informatica acquires low latency messaging firm 29West

Data integration outfit Informatica has acquired low latency messaging firm 29West. Terms of the transaction were not disclosed.

/Algorithmic trading

Chi-X Europe takes co-located direct feeds and reference data from Thomson Reuters

Chi-X Europe has rolled out Thomson Reuters' pan-European low latency direct feed, pricing and reference data service, offered through the firm's hosting centres in London.

/Algorithmic trading

Post-MiFID fragmentation inviting more market abuse - Avenues

The post-MiFID fragmentation of exchange trading and data has substantially increased the potential for market abuses, according to a new advisory group set up to look at the issue.

/Algorithmic trading

Goldman offers 1Click algo access

Goldman Sachs is to offer clients streamlined '1Click' access to its suite of algorithmic trading programs in a global effort to improve ease of use and create consistency across its e-trading portfolio.

/Algorithmic trading

Misra to head new algo trading technology firm

Hirander Misra, former chief operating officer of Chi-X Europe has resurfaced as CEO and founding director of new firm Algo Technologies.

/Algorithmic trading

UBS plans European dark pool

Swiss bank UBS is planning to launch a dark pool multilateral trading facility (MTF) for crossing orders in European stocks.

/Algorithmic trading

Bloomberg adds trending metrics to machine-readable news service

In a bid to attract high-frequency traders, Bloomberg has expanded its machine-readable news output to offer trending analytics on the hottest content passing over its terminals.

/Algorithmic trading

UBS algo trading code theft case dropped

UBS has lost its bid to get a permanent injunction against three former quant traders accused of stealing proprietary algorithmic trading software with the intent of using it at their new employer, Jefferies.

/Algorithmic trading

Former Goldman programmer indicted over HFT code theft

Former Goldman Sachs computer programmer Sergey Aleynikov has been indicted on charges related to the theft of propriety code connected to the investment bank's high-frequency trading platform.

/Algorithmic trading

High speed trader Getco takes up new position on Nyse trading floor

High speed trading firm Getco is set to go back to the future by taking up a position on the floor of the New York Stock Exchange as a designated market maker (DMM).