High Frequency Trading ReviewThe SEC is widening an investigation into stock exchanges amid growing concern that their business model gives preference to “sophisticated clients” over ordinary investors, the WSJ reported this week.
Here’s what that actually means: Regulators are starting to see exchanges as a source of the problems in our markets — the flash crashes, the flight of the retail investor, the IPO disasters.
Related content
Blog: High Frequency Trading and Mini Flash Crashes
MoneyScience 29 November 2012
News: Fixnetix Banks Another Win; Awarded Top Computer Growth Company in the Deloitte Technology Fast 500 EMEA 2012
30 November 2012 – Fixnetix
30 November, 2012 – London, UK – Fixnetix, managed services provider for ultra-low latency market data, trading and risk control, announced today a first place ran…
News: Keynote Address: Investment Adviser Association Investment Adviser Compliance Conference/2012 By Commissioner Daniel M. Gallagher, U.S. Securities and Exchange Commission
8 March 2012 – News Articles
I want to thank David [Tittsworth] for inviting me to speak at this conference today. It is both an honor and a pleasure to speak to you this morning. The regulatory landscape…
News: The Wall Street Who’s Who on the Knight Fight [WSJ – subscription]
30 November 2012 – HFT Review
By David Benoit, Anupreeta Das and Telis Demos As Knight Capital is front and center of a bidding war between two rivals, Wall Streeters are lining up on both sides. …
News: In push for HFT rules, European Commision frets about ‘ghost liquidity’, not loss of some players [Automated Trader]
30 November 2012 – HFT Review
London – Jasper Jorritsma had what could only be considered a tough crowd. Telling an audience of market participants about the European Commission’s efforts to create…
News: SGX cautious on High Frequency Trading [ChannelNewsAsia.com]
30 November 2012 – HFT Review
By Patrick Fok SINGAPORE: The Singapore Exchange has said that it will not introduce High Frequency Trading (HFT) for equities until adequate system controls are in-place.H…
News: The evolution of Getco [Financial News – subscription]
30 November 2012 – HFT Review
By Tim Cave High frequency trading was once a fiercely secretive industry. But, part by design and part by regulatory scrutiny, some of its biggest protagonists have c…
Blog: The Complexity of High Frequency Trading
Jaffray Woodriff 28 November 2012