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SIP On This Idea: The NASDAQ Freeze Didn't Cause A Brain Freeze
Monday, August 26, 2013 - 10:40am | 1031Read More...The Nasdaq “Flash Freeze,” that halted the entire US equity and US equity option markets for roughly three hours last Thursday, August 22, has been a lightning rod for anyone and everyone that has been chomping at the bit to attack both the US regulatory system and high frequency trading (HFT). Is...
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Chicago Mercantile Exchange Trying to Clean Up Its Act on Wash Trades
Sunday, July 21, 2013 - 6:44pm | 723Read More...By: Bryan Wiener The Commodity Futures Trading Commission (CFTC) recently reached out to the trading community requesting feedback concerning a Chicago Mercantile Exchange (CME) proposal to update its own rule governing “wash trades” in its Globex electronic marketplace. Specifically, the public...
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HFTs Disrupt Three Stocks at Open (BNS, PGR, NYT)
Thursday, June 6, 2013 - 10:48am | 390Read More...Three stocks saw irregular trading at the open on Thursday as high-frequency trading computers reacted to a plethora of macro news emanating out of Europe as well as economic data domestically. The three stocks in focus are Bank of Nova Scotia (NYSE: BNS), Progressive Insurance (NYSE: PGR), and...
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These Comments Won't Get Mark Cuban Invited to Any Wall Street Parties
Friday, April 26, 2013 - 8:52am | 604Read More...Mark Cuban was—well—Mark Cuban on Thursday. The billionaire entrepreneur, investor and owner of the Dallas Mavericks, isn't one to edit his words and he certainly didn’t do it Thursday during a CNBC interview. First, some background. Worth a reported $2.4 billion, Cuban didn’t make his riches...
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This One Fact is Poetic Justice for the High Frequency Trading Haters
Wednesday, April 10, 2013 - 8:22am | 543Read More...Editor's note: This piece is the first segment in a series on High Frequency Trading (HFTs). To view the first piece, click here. Some would call it poetic justice. The high frequency trading business is in trouble and depending on who you ask, that will either make for more orderly markets or...
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What is High Frequency Trading?
Tuesday, April 9, 2013 - 8:54am | 590Read More...Editor's note: This piece is the first segment in a series on High Frequency Trading (HFTs) HFT is the acronym that much of the trading community loves to hate. If statistics are correct, it accounts for the overwhelming majority of market volume every day. It’s also so complex and secretive that...
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The New High Frequency Trading Landscape: Man Versus Machine
Tuesday, June 26, 2012 - 8:22am | 1275Read More...Last week, 11 financial and Wall Street firms, including the Security Traders Association and NYSE-Euronext issued statements on future practices for fair markets. Perhaps not surprisingly, the subject of high frequency trading came up as a prominent issue affecting today's trading exchanges....
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High Frequency Trading is an Arms War!
Thursday, September 22, 2011 - 3:35pm | 397Read More...The high frequency trading industry is engaged in an arms war. Algorithmic, low-latency trading now accounts for roughly 70% of the volume in U.S. equity markets. Basically, the robots are in control, and they are fighting for fractions of pennies, but doing it millions of times a day. The firms...
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High Frequency Trading Strikes Again: QUALCOMM Gets Hit
Friday, August 5, 2011 - 4:05pm | 633Read More...Add another victim to the long list of high frequency trading (HFT) raids. Earlier in today's session, shares of QUALCOMM (NASDAQ: QCOM) got crushed, as computer programs loaded up the sell side and took out a huge number of bids, wreaking havoc on the stock in the process. At 9:54am, shares...
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Recent Market Rally a Sham? Algorithmic Trading Controlling the Market (USO, SLV, GLD, UUP, SPY)
Thursday, May 12, 2011 - 12:52pm | 1041Read More...The S&P 500 has gained 101% from the low set back in March of 2009 (666.79). Even with yesterday's market plunge, the S&P is only 15% lower than its all time high of 1,576.09, which was set back in October of 2007. The question is why. Has the economy really improved that much since the...
