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Tag Archives: algorithmic trading

Born Tech’s Haworth on MiFID II’s Real-Time Problems Feature,Mwiki,Regulation,Video,video

MiFID II may have been implemented in January, but that does not mean that everyone in markets was adequately prepared. Certain aspects of the regulation, such as unbundling, were widely understood, but MiFID’s RTS 6 obligation might have some participants still adjusting. RTS 6 requires that firms engaging in direct electronic access (DEA) or algorithmic trading monitor their activities and markets in real-time for “disorderly trading.” In this video, Born Technology’s CEO Derek Haworth talks about some of these challenges stemming from MiFID II.   Produced by Mike Forrester

Volatility fallout in Hawaii; No fear, no greed?; LJM lawsuit Newsletter,Options

Observations & Insight Hawaii Pension Parts Ways With CIO Amy Whyte – Institutional Investor Chief investment officer Vijoy Chattergy is no longer employed with Hawaii’s $16 billion state pension fund, where he had served as CIO since 2012, Institutional Investor has learned. An automatic response from Chattergy’s former email account states that he is no longer with the Employees’ Retirement System of the State of Hawaii. The retirement system’s executive director Thomas Williams did not respond to multiple requests for comment by press time. bit.ly/2FkpIcG ****SD: Not the only head to roll after the volatility spike. This Hawaii CIO move…

Hawaii, Harvard gambled on calm; Wall Street not quitting vol; More VIX rigging; HFT source code developments Newsletter,Options

Lead Stories Harvard, Hawaii Gambled on Market Calm—Then Everything Changed Gregory Zuckerman, Gunjan Banerji and Heather Gillers – WSJ A decade of low bond yields pushed some of the most stability-minded investors to dabble in risky investments that depended on markets being orderly. Now, those bets are looking problematic. In the past, pension funds, endowments and family offices pursued relatively safe investments. After interest rates collapsed on the heels of the financial crisis, they ran into challenges paying pensioners and filling university budgets, and added riskier bets on hedge funds and venture capital in the hopes of winning better returns….

Could the ‘Intellicator’ Spill the Market’s Secrets?; 2 Chinese investors drop out of bid for Chicago Stock Exchange John Lothian Newsletter,Newsletter

First Read Hits & Takes This evening is the LaSalle Street Trading Tech Awards at the Chicago Board of Trade Building supporting the Pathway to Adventure Council of the Boy Scouts of America. John Hague of RSM and I are the co-chairs of the event. I would like to thank John for his leadership and also the management of the CBOT Building, Glenstar Properties, for helping make this event happen. This event is the reincarnation of the LaSalle Street Dinner Dance where the who’s who of the Chicago financial community would party under a circus tent in front of the…

The Industry Discusses the Big Data Boom, Part II Feature,Mwiki,Video,video

At the 33rd Annual FIA Futures and Options Expo in mid-October, John Lothian News spoke with a variety of industry participants about upcoming milestones and trends in financial markets. This fourth video in the series is the second of our videos to cover the effects and future of the big data boom. In part two, Jared Broad, CEO of QuantConnect, Rob D’Arco, CEO of Rival Systems, Julie Armstrong, global head of market technology services for CME Group, Julie Winkler, chief commercial officer for CME Group, Alli Brennan, director of marketing and product management for CQG, Steve Tumen, CEO of Deep…

HFTers adjust; “Low” VIX in context; Chinese firms rush to FX hedges Newsletter,Options

Lead Stories High-frequency traders adjust to overcapacity and leaner times Nicole Bullock – Financial Times Recalling the years around the financial crisis may still bring a shudder to many on Wall Street, but for high-speed traders 2008-2009 were pay dirt. The high-frequency trading industry was still in an early stage. Recent regulatory change, opening the way for competition, and computing advances had paved the way for its rapid development. As markets took fright through the crisis, there was plenty of price volatility and high volumes of asset dealings — the raw materials for any trader to make money. jlne.ws/2ydkdKX ****SD:…

Problems, Solutions and Results – Elaine Wah Feature,MarketsWiki Education,MWEd,Video,video

“Ultimately I think that anyone who believes in fairness, or believes that people should compete on the merits of their ideas and hard work rather than advantages that they have purchased, can appreciate why IEX was created and why it has succeeded so far.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Elaine Wah, who works in market quality at IEX, discusses algorithmic trading strategies and the effects on investors. IEX was built with the goal of protecting investors as well as providing better execution quality. The exchange also wants to level the playing field…

Long-Term Investors are Gamblers?; Insider Trading Case Tests Friendship; Math Geeks Scramble to Defend Index Boon John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff People lined up on LaSalle Street at midday yesterday like there was a sports championship parade happening. Instead, it was just an eclipse.~JJL John M. Ruth has joined Grey Street Capital as Chief Operating Officer. Ruth was formerly the CEO of ABN AMRO Clearing Chicago LLC.~JJL Check out SGX‘s Bull Charge, Climb for Charity.~JJL Cinnober has taken over the @MovetoStockholm Twitter handle for the week.~JJL Bruce Tuckman was appointed chief economist at the CFTC yesterday. And tells us he couldn’t be Chicago Mayor Rahm Emanuel‘s older brother. ~SD At the NFA yesterday,…

U.K. Regulator Seeks Brexit Bridge This Year to Avoid Cliff-Edge; Barclays Chairman ‘Confident’ London’s Euro-Clearing Hub Is Safe; Erroneous Stock Prices Spread by Third-Party Vendors, Nasdaq Says John Lothian Newsletter,Newsletter

First Read MarketsWiki Education World of Opportunity Top Videos 1. Donald Wilson, DRW Trading Group – Reminiscences (and Prognostications) of a Futures Operator 2. Blair Hull – Getting the Edge: Blackjack and the S&P 500 3. Haim Bodek, Decimus Capital Markets – A Flash Course on Market Structure 4. Peter Borish, The Quad Group – Trading Traps: Too Many to Count 5. Ray Cahnman, chairman, Transmarket Group – Me, Us & You: How Trading Works /goo.gl/hv8qXm ***** According to the number of plays on Youtube, here are the top videos from the MarketsWiki Education series through the years. The top…