A Major Buy-Side Firm Embraces AcadiaSoft’s IMEM AcadiaSoft, a provider of risk and collateral management services for the non-cleared derivatives market, reports that Brevan Howard has been added to the users of AcadiaSoft Hub’s Initial Margin Exposure Manager (IMEM). As one of the first buy-side firms that falls within the scope of Phase Three of… Read More >>
GTS Wants to Democratize Market Access via Acquisition
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 >>
HFT Does Not Require Regulation Yet in U.K.: BoE Exec
The rise of high frequency trading in stock, bond and currency markets and accompanying flash crashes does not necessitate immediate regulatory action, according to Chris Salmon, executive director for markets at the Bank of England (BoE). Speaking at the 13th Annual Central Bank Conference on the Microstructure of Financial Markets in London, Salmon says “though… Read More >>
SEC Approves FINRA’s Plan to TRACE U.S. Treasuries
The SEC has approved the Financial Industry Regulatory Authority’s proposal to require FINRA members to report transactions in U.S. Treasury securities, with the sole exception of savings bonds, to TRACE, FINRA’s trade reporting and compliance engine. July 10, 2017 is the implementation date for the bond-trade reporting requirement, says FINRA, the nonprofit industry organization that… 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 >>
Senate Hearing Yields CAT Calls
Legislators and panelists butted heads about what, exactly, the effects of high frequency trading are on securities trading during a Senate hearing Wednesday that went largely unobserved by the mainstream media. But all agreed that the SEC needs to stop dragging its feet and implement the Consolidated Audit Trail (CAT) that’s hung in limbo for… 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 >>
