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Flash Crash Trader Sarao Pleads Guilty to Fraud, Spoofing; Top high-frequency trader Teza to quit proprietary trading; Trump Expected to Seek Deep Cuts in Business Regulations John Lothian Newsletter,Newsletter

First Read How we talk Jim Kharouf – JLN My column yesterday, What Just Happened about the election of Donald Trump as the next president of the United States struck a chord with readers. We received more reader feedback on this column than we have in some time, some negative, some supportive. Here are a few. “Thanks for this insightful OpEd. You articulated so many feelings I’m still trying to process.” And this: Wow, what an ignorant, cheap shot to smear nearly 60 million Americans that way. Deplorables, right? As a life-long New Yorker, I’ve watched Trump in action for…

The New Frontier: Born Technology’s Haworth Says Price Now Matters in Technology and HFT Interview,Video

Today’s markets are often touted as “all about speed”, but that reach for low latency is only part of a successful strategy. Derek Haworth, president of Born Technology Solutions says that more firms are looking to spend more efficiently on technology, such as exchange connectivity and order book solutions. For his clients, its about finding the balance between financial technology and expenses. “What we’ve been seeing over the course of the past year, year and a half, is that people are moving toward what I would call smart latency,” Haworth said, “where there is an understanding that spending an extra…

Raj Mahajan, Allston Trading CEO, Talks HFT and the Business of Prop Trading Interview,Regulation,Tech / HFT,Video

Raj Mahajan

Raj Mahajan took the reins at Allston Trading as CEO in September 2012 and has spent a good deal of his time looking at the issue of high frequency trading (HFT). Allston has been one of the proprietary trading firms who has been willing to publicly discuss HFT, regulation and the future of that form of trading. Mahajan spoke with JLN’s editor-in-chief Jim Kharouf about HFT as well as the business challenges and opportunities for prop firms. Raj Mahajan Resources Raj Mahajan on MarketsWiki (link) Allston Trading on MarketsWiki (link) High Frequency Trading on MarketsWiki (link) High Frequency Trading Regulation…