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Latest Headlines
Big shakeout to hit high-frequency trading industry
It's been a tough year so far for high-frequency trading firms. Not too long ago, it seemed they would continue to carve out a larger share of trading volume, to the consternation of many. But we may be seeing a plateau, at least for the short term.
High-frequency trading now accounts for 54 p
Program trading makes a comeback
Recall that way back in 1987, program trading and the idea of portfolio insurance were blamed by some critics for exacerbating a historic stock market plunge. After that, the technique was eclipsed by other forms of computerized trading. Today, algorithmic trading gets most of the attention. But a
Technology transforming fixed-income market
When it comes to the markets, most people assume correctly that trading has become a technology-greased activity, featuring executions in near-microseconds and an arms race for hardware and software. That's an accurate description of the cash equities market. But when it comes to the bond market,
Is Thor a buy-side breakthrough in HFT battle?
The stock market has increasingly become a battleground pitting traditional investors against modern high-frequency traders. The technology arms race shows no signs of stalling, even as regulators step up their oversight and analytical activity. While many think high-frequency traders still ha
Public clouds still too fuzzy for financial firms?
It seems the financial services industry is growing more comfortable with the idea of cloud computing every day. We're seeing lots of HR, marketing and "internal" data-centric operations being moved to clouds. So, which projects might be good candidates for such treatment?
"First movers are li
High-touch vs. low-touch trading
If someone were to ask you what percentage of buy-side stock trading is executed via humans vs. computers, how would you answer? Some people might be tempted to say the majority of all trades are now computer driven. You certainly get that feeling reading media coverage.
The truth is that huma
NYSE launches Mahwah facility
After a whole lot of pre-launch media hype, the NYSE Euronext's new trading facility in Mahwah, N.J., has quietly come to life. About 19 stocks were scheduled to start trading on powerful "matching engines" housed inside. By September, all NYSE-listed stocks will be trading at the new high-tech fa
Sell-side continues to build out data centers
The need for speed is acute on Wall Street. A great symbol of that is the opening of the Mahwah, N.J., facility the NYSE Euronext just launched. Beyond the top exchanges, the sell-side is in something of an arms race for more advanced data centers. Equity shops spent $1.8 billion last year on data
The new market makers
Here's one way to look at high-frequency trading: The new market makers.
Joseph Mecane, Executive Vice President at NYSE Euronext, puts it this way to Advanced Trading : "Once spreads shrank to a penny and technology was being deployed, the former market maker model wasn't really profi
Scary mix: Hi-fi trading and sponsored access?
We've suggested before that sponsored access is a huge issue that seems to have been shunted off to the periphery of the high-frequency trading discussion. Lime Brokerage put the issue on the map a bit more prominently with its much-discussed comments to the SEC, and the issue seems to be
