Mon, 28 Nov 2011 03:56:49 GMT - High Frequency Trading Review
By Jonathan Spicer
(Reuters) - Exchange operator CME Group Inc (CME.O) fined Infinium Capital Management, a U.S. high-frequency trading firm, a total of $850,000 for three separate computer malfunctions that rattledfutures markets in 2009 and 2010.
Infinium trading programs malfunctioned on October 7 and again on October 28, 2009, causing uncontrolled selling of e-mini contracts on the Chicago Mercantile Exchange. Then on February 3, 2010, the firm lost control of an algorithm that bought oil futures in rapid succession on the New York Mercantile Exchange.
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