Registration for the 23rd Annual CME Group University Trading Challenge, held from Oct. 4 to Oct. 30, is open for “interested university students around the world,” according to the CME Group, a derivatives marketplace and financial technology provider. Officials say the deadline for registration for this year’s competition is 5:00 p.m. CT on September 29,… Read More >>
Flash Crash Trader Hit with $38M+ in Sanctions
Navinder Singh Sarao, the U.K. resident known as the “Flash Crash Trader,” has been ordered by a U.S. court to pay a $25,743.174.52 civil monetary penalty and $12,871,587.26 in disgorgement for multiple charges of futures market manipulation. Sarao was extradited from the U.K. to the U.S., where he faced criminal charges for the same acts…. Read More >>
New FIX Version Supports Nanosecond Connections
A version of the FIX electronic trading protocol that supports high-performance transactions and data feeds is officially launching via the FIX Trading Community standards body, in an effort to help securities firms keep up with high-speed hardware, software and network connections. The standards body is releasing “a standard, non-proprietary binary message encoding” upgrade, dubbed the… Read More >>
