High-frequency trading (HFT) firm GTS is acquiring for an undisclosed sum the exchange-traded funds (ETFs) and wholesale market-making businesses of Cantor Fitzgerald, a move that will bring institutional and retail clients the same access to the benefits of machine learning, artificial intelligence (AI) and execution technology, GTS officials say. GTS describes itself as “a quantitative… Read More >>
SEC Approves IEX, Speed Bumps and All
After a four-year journey, the IEX Group has secured the SEC’s approval to launch a new securities transaction exchange that will allow speed bumps against high-frequency trading (HFT) that in theory will allow for a more level playing field, particularly for buy-side firms that have been burned by HFT firms. Late last week, the SEC… Read More >>
Bats Picks Concannon to be Its New President
Bats Global Markets has named a former Nasdaq Stock Market executive vice president, Chris Concannon, to be its next president, officials say. He takes on the post after his predecessor had a controversial exit in July. Most recently, Concannon was the president and chief operating officer (COO) of electronic market maker Virtu Financial, officials say…. Read More >>
The Hot Air Over High-Frequency Trading
High-frequency author Michael Lewis is having some major success in getting the mainstream media and thus people in power to take notice of the dangers (and upsides) of high frequency trading (HFT). The Justice Department, the FBI, the New York Attorney General, the SEC and the CFTC are stumbling over each other like Keystone Kops… Read More >>
