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I just posted a blog on the potential of algorithmic trading terrorism -- can a "denial of service" style attack cripple world markets? See the full posting...
At the CFTC's first Technology Advisory Council meeting on July 14, there was concern expressed around the concept of quote-stuffing. There was some evidence presented that the May 6th flash crash may have been caused by or exacerbated by this activity. While with regard to the flashcrash, other...
The ADO.NET Team at Microsoft recently published the results of a survey to get feedback on what members of the .NET community would like to see in upcoming releases....
Today Nasdaq group purchased Smarts - a provider of market surveillance. This is an interesting development . Read the full post on our Apama blog...
Nasdaq liked the idea of real-time market surveillance so much that it bought one of the companies that specialize in it.
Nasdaq OMX announced this week that it will buy Smarts Group, an Australia-based market surveillance business that helps exchanges monitor compliance with trading rules....
Fat fingers (or weight-challenged digits to my politically correct friends) have had a good run lately. First we heard that Deutsche Bank had to close its quantitative trading desk in Japan after an automated trading system misread equities market data. The system generated a massive sell order that...
It was an honor to sit on the CFTC Technology Advisory Committee (TAC) last week. The CFTC is the US regulator for derivatives trading – which is a big area. The topic of the first meeting of the TAC was to understand Algorithmic and High Frequency Trading – and its impact on the market. The CFTC is...
I spent last week in India, a country that, by any standards, is growing fast. Its population has doubled in the last 40 years to 1.2B and economic growth has averaged more than 7% per year since 1997. It’s projected to grow at more than 8% in 2010. By...
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