Sat, Jul 29, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

High frequency trading under the microscope as US regulatory systems still count time in full seconds

Tuesday, August 04, 2009

From Kirsten Bischoff, Opalesque New York:

Since Goldman Sachs accused a former programmer of stealing computer codes, the $20bln+ high frequency trading (HFT) industry has experienced an uptick in media attention. Firms that use these applications in their strategies may well have noticed that most of the attention has been negative, as has most of the media attention on firms that have made money in distressed financial markets. A recent New York Times article covering HFT systems managed to make them sound more like the lurking evils in a Hollywood blockbuster rather than a trading approach:

"These systems are so fast they can outsmart or outrun other investors, humans and computers alike. And after growing in the shadows for years, they are generating lots of talk." (Source).

The above article was soon followed by a cautionary Op Ed piece by well-known quant Paul Wilmott who informed NYTimes readers:

"...the problem with the sudden popularity of high-frequency trading is that it may increasingly destabilize the market. Hedge funds won't necessarily care whether the increased volatility causes stocks to rise or fall, as long as they can get in and out quickly with a profit. But the rest of the economy will care." (Source).

John J......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Oaktree's Howard Marks issues another cautionary tale[more]

    Benedicte Gravrand, Opalesque Geneva: Oaktree's co-chairman Howard Marks' latest memo is another cautionary one that advoca

  2. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  3. North America - Hedge funds disclose their Puerto Rico debt holdings, US dominates new money portion of Greece's debt sale[more]

    Hedge funds disclose their Puerto Rico debt holdings From Reuters.com: A group of hedge funds that hold about $3 billion of Puerto Rico sales-tax-backed debt released a court filing late on Tuesday that revealed how much of the total amount each fund manages. Decagon Holdings LLC,

  4. $25 million cryptocurrency fund launches to capitalize on the "internet of the future"[more]

    From Coindesk.com: General Crypto, a $25 million cryptocurrency hedge fund, has launched to provide high net worth investors with liquid exposure to the cryptocurrency market and digital assets that they believe could run the technological infrastructure of the future. Since the start of 2017, the t

  5. Other Voices: ICO hell is here (for U.S. investors)[more]

    Chris Kitze Technology Innovator and Investor ICO's surpassed VC funding for blockchain companies in the first half of 2017. Tezos raised $232m in two weeks and Bancor pocketed $153m in just three hours. New coin listings on exchanges have generated eye-popping returns for early investor