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USDA studying data releases as commodities trading hours expand

Posted on 15 May 2012 by VRS  |  Email |Print

The U.S. Department of Agriculture is studying procedures for releasing crop reports as exchanges add trading hours for corn, soybeans, wheat, soybean meal, soybean oil, oats and rough rice, Secretary Tom Vilsack said.
CME Group Inc. (CME), owner of the world’s largest futures exchange and grain markets, plans to give traders access for 22 hours a day starting next week. The move will result in USDA releasing reports during trading hours. The department hasn’t decided whether to change its release schedule, Vilsack said………………………………………..Full Article: Source

Launch of European renewable energy market auctions

Posted on 09 May 2012 by VRS  |  Email |Print

STX Services BV, Europe’s leading voice and electronic broker in environmental based commodities, announced today that it has launched an electronic auction platform for the sale and purchase of Renewable Energy Certificates (Guarantees of Origin (GoO)) relating to EU power consumption.
This unique auction, in which multiple buyers and sellers may participate concurrently, achieves a perfect simulation of an open market place. The design of the auction has been inspired by other well established markets, including metals and fixed income, in which auctions play an important role………………………………………..Full Article: Source

China eyes upper hand in pricing with iron ore platform

Posted on 08 May 2012 by VRS  |  Email |Print

China’s first physical iron ore trading platform is set to debut on Tuesday, helping the world’s biggest buyer of the commodity boost its price-setting influence.
The timing looks perfect. Nearly all iron ore sold to China is now based on spot prices, with the industry evolving over the past two years after four decades of yearly-set contracts………………………………………..Full Article: Source

India: Commodity Exchange and Warehousing System operational next year

Posted on 08 May 2012 by VRS  |  Email |Print

The country’s long-awaited Commodity Exchange and Warehouse Receipt System will still not be fully operational until the middle of next year.
The system will provide farmers with financing and ready market through trading in their produce as is the case with equities on the Ghana Stock Exchange. Its draft Legal and Regulatory framework has been developed and handed over to the Trade Ministry………………………………………..Full Article: Source

Dubai commodities bourse plans trading platform for copper futures

Posted on 03 April 2012 by VRS  |  Email |Print

The Dubai Multi Commodities Centre (DMCC) is planning to launch a copper futures trading platform on the the Dubai Gold and Commodities Exchange (DGCX) in the “near future,” said Ahmad Bin Sulayem, DGCX’s chairman and head of DMCC.
“You’ll likely see in the near future this copper future on the DGCX,” he said. However, he did not specify a date………………………………………..Full Article: Source

Court sets aside Sebi order denying licence to MCX-SX‎

Posted on 15 March 2012 by VRS  |  Email |Print

The Bombay High Court on Wednesday directed the Securities and Exchange Board of India (SEBI) to reconsider an application filed by MCX Stock Exchange (MCX – SX) to set up an equity trading platform.
The capital market regulator rejected MCX-SX’s application in September last, saying that the bourse had failed to comply with the norms on the shareholding structure stipulated for a stock exchange………………………………………..Full Article: Source

First primary trading platform for ETFs launches

Posted on 21 February 2012 by VRS  |  Email |Print

Japanese bank Nomura and Swiss interdealer broker Compagnie Financiere Tradition have launched the first electronic trading platform to allow investors to trade exchange-traded-funds directly on the primary market in real time.
ETFs — funds tracking baskets of shares, bonds or commodities that are traded like stocks — have become increasingly popular among investors seeking cheap access to indexes without having to buy the underlying securities………………………………………..Full Article: Source

What crashed CME’s oil trading platform?

Posted on 17 February 2012 by VRS  |  Email |Print

CME Group’s (CME) electronic oil trading platform, among the fastest in the world, crashed on Monday afternoon after being flooded by a surge of some 12,000 price quotes in the span of four minutes.
The platform remained down for more than an hour, forcing trading into the open outcry pits on the floor of the New York Mercantile Exchange, an increasingly rare scene these days thanks to the steady rise of electronic trading in recent years………………………………………..Full Article: Source

RTS Realtime Systems connects to HKMEx

Posted on 15 February 2012 by VRS  |  Email |Print

RTS Realtime Systems Group, a leading global trading solutions provider, today announced that the company now offers market access to the Hong Kong Mercantile Exchange (HKMEx), China’s international commodity marketplace.
The move enables RTS clients – including commodity trading firms, hedge funds, asset managers, institutional investors and algorithmic traders – to trade, arbitrage and offset their risk with positions on HKMEx. RTS offers multi-asset class, ultra-low latency and high frequency connectivity to more than 135 exchanges and markets globally………………………………………..Full Article: Source

China launches physical iron ore trading platform

Posted on 17 January 2012 by VRS  |  Email |Print

China launched its first physical iron ore trading platform Monday in Beijing in an effort to strengthen its pricing power of a commodity for which the nation is the world’s largest buyer.
The online platform was launched by the China Beijing International Mining Exchange in partnership with the China Iron and Steel Association and the China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters………………………………………..Full Article: Source

Commodity trading patterns to become more complex in 2012

Posted on 17 January 2012 by VRS  |  Email |Print

According to analysts, the simple risk-on, risk-off trading patterns that characterised commodity markets in 2011 are unlikely to be as successful in 2012. Investors this year will have to move away from trading strategies that link commodities and other risk assets to the ups and downs of the dollar and instead focus more on the supply and demand particulars of each commodity.
For most of the second half of last year, a fresh scare in the euro debt crisis or a weak economic number could lead to a rise in the dollar, and risky assets such as equities and many commodities would sell off in lockstep………………………………………..Full Article: Source

Algorithmic trading in energy markets

Posted on 11 January 2012 by VRS  |  Email |Print

Algorithmic traders are now a significant presence in energy markets. Alexander Osipovich explores how they’re changing the game for human traders. They made their debut on the stock market, and gained notoriety after the ‘Flash Crash’ of May 6, 2010. Today, algorithmic traders who use computers to execute thousands of trades in seconds have become major players in energy markets, too.
And that has sparked debate among long-time market participants over whether the high-tech newcomers are to be welcomed or feared…………………………………….Full Article: Source

EU targets commodities, high-frequency trading in rules overhaul

Posted on 21 October 2011 by VRS  |  Email |Print

The European Union is seeking limits on commodities derivatives and curbs on high-frequency trading as part of proposals to overhaul the region’s financial-market rules.
Today’s plans, which also include a crackdown on so-called dark pools, are aimed at reducing market volatility, increasing regulatory oversight and promoting competition. Specific measures include requiring national regulators to either cap the number of commodity derivative contracts that traders can enter into, or make “alternative arrangements” with the same effect………………………………………Full Article: Source

High speed traders eye commodities

Posted on 17 October 2011 by VRS  |  Email |Print

Last week, the Chicago Mercantile Exchange, the world’s largest derivatives market, unveiled a range of new services that will allow its member firms to trade faster than ever on its market. The announcement underlines the increasing desire among high speed trading firms, known as high frequency traders, to diversify into a range of new asset classes – the latest being commodities.
High frequency trading firms use sophisticated algorithms to exploit temporary pricing differences across markets……………………………………….Full Article: Source

German trading solutions company announces new India data center

Posted on 19 August 2011 by VRS  |  Email |Print

Germany’s RTS Realtime Systems Group is planning to open a data center in Mumbai in a partnership with India’s Tata Communications to cater for the financial services market. It also acquired First Futures Software Engineering (FFS), a technology solutions provider based out of Pune, India, this week.

The new Mumbai data center will be built to offer hosting services for firms trading on multiple Indian Exchanges, including the Multi Commodity Exchange of India (MCX), the National Commodity and Derivatives Exchange (NCDEX) and the National Stock Exchange of India (NSE)……………………………………….Full Article: Source

Africa needs interlinking of commodity exchanges

Posted on 17 August 2011 by VRS  |  Email |Print

Africa will benefit extensively by interconnecting different commodity exchanges in the continent, said Dr Chris Muyunda the Director of Development at the African Commodity and Futures Exchange the African continent.
He said countries in the Eastern and Southern Africa region could gain a lot from interconnecting their commodity exchanges……………………………………….Full Article: Source

Eurex boosts commodity derivatives with new ETC products

Posted on 08 August 2011 by VRS  |  Email |Print

Eurex, Deutsche Börse’s derivatives exchange, launched options and futures on two commodity exchange-traded funds last week to increase the profile of its commodity derivatives franchise by tapping the booming global ETF market.
The funds, also known as exchange-traded commodities, will give Eurex clients greater exposure to two of the most liquid commodity markets, gold and crude oil……………………………………….Full Article: Source

Cross-asset class trading platforms: dream or reality?

Posted on 29 July 2011 by VRS  |  Email |Print

As traders diversify to realise greater opportunities for arbitrage and move into new markets, the demand for cross-asset class trading capabilities has never been greater. What solutions are out there and how traders are increasingly looking for platforms that can trade equities, derivatives, FX and commodities and how the search for low and ultra low latency is defining the evolution of the market.
Banks, brokers and traders are increasingly breaking down silos, ending the traditional separation of asset classes into distinct business activities with incompatible trading systems……………………………………….Full Article: Source

EU seen imposing standards to avert trading glitches

Posted on 28 July 2011 by VRS  |  Email |Print

Regulators will impose minimum technical standards on trading platforms after crashes have become more commonplace due to reliability being sacrificed for speed, a consultancy said on Wednesday.
Frederic Ponzo, managing partner at GreySpark, which advises investment banks on trading, said systems are becoming leaner to bump up speed, making them brittle and prone to glitches. ………………………………………Full Article: Source

Ace Commodity Exchange implements Bloomberg’s global identifiers

Posted on 28 June 2011 by VRS  |  Email |Print

Ace Derivatives and Commodity Exchange Limited, a Kotak Group anchored commodity exchange in India, has successfully completed integration of the Bloomberg Global Identifier (’BBGID’). The Exchange supports Bloomberg’s Open Symbology (BSYM), and is the first exchange to adopt the BBGID in Asia.
Dilip Bhatia, Chief Executive Officer of Ace Commodity Exchange said, “We see Bloomberg’s Open Symbology gaining traction, in particular amongst exchanges, because it is assigned at the exchange level. This fulfills an ongoing need of our customer base.” (Press Release)

Are gold and silver poised for another take-off?

Posted on 20 May 2011 by VRS  |  Email |Print

The gold bears and doubters - and the silver bears in particular - have had great success in driving the prices of these two precious metals downwards but are we looking at more of the same to come, or perhaps consolidation and another take-off?
The pattern of price movements we are seeing currently, with strong upwards and downwards fluctuations for both metals, but particularly for the more volatile silver, suggest to this observer that, although there may be some more short term shocks in store………………………………………Full Article: Source

Hong Kong plans new gold-futures platform

Posted on 29 April 2011 by VRS  |  Email |Print

Hong Kong is on track to kick off a new gold-futures trading platform with settlement in the physical metal next month, marking the emergence of a second exchange in the city offering leveraged bets on the metal’s rise.
The Hong Kong Mercantile Exchange, known as HKMEx, said it received regulatory clearance to launch gold-futures trading on May 18, according to a statement by the exchange Wednesday……………………………………….Full Article: Source

CME, Mexican Exchange link goes live

Posted on 07 April 2011 by VRS  |  Email |Print

The Mexican Derivatives Exchange (MexDer), the derivatives subsidiary of the Mexican Exchange (Bolsa Mexicana BMV), the second largest exchange in Latin America, and CME Group, the world’s leading and most diverse derivatives marketplace, today announced the successful launch of their south-to-north connection, giving Mexican investors access to CME Group’s benchmark derivatives contracts including interest rates, foreign currencies, equity indexes, energy, metals and agricultural commodities.…………………………………….Full Article: Source

Commodity trade repository is a tall order

Posted on 04 April 2011 by VRS  |  Email |Print

The International Swaps and Derivatives Association’s plan to create a repository for commodity trade reporting has been met with scepticism. No one disputes the need for more transparency in commodities, though there is little consensus on which group should administrate such a system.
Under all scenarios the undertaking is enormous and groundbreaking for commodities……………………………………….Full Article: Source

NYSE, CBOE may form swap-trading platforms spurred by Dodd-Frank rules

Posted on 25 March 2011 by VRS  |  Email |Print

CBOE Holdings Inc. (CBOE) and NYSE Euronext may create venues for derivatives that now trade over the counter to capitalize on proposed rules designed to bring more transparency to the $583 trillion market.
The exchange operators may form swap-trading platforms for privately negotiated derivatives that the government plans to move onto regulated trading systems or exchanges that will provide public data about prices and transactions, according to interviews with company executives over the last week……………………………………….Full Article: Source

ETF Securities adds counterparty to commodities platform

Posted on 17 March 2011 by VRS  |  Email |Print

From Commodities-now.com: ETF Securities Limited, pioneers in specialist exchange traded products (ETPs), has enhanced its exchange traded commodity (ETC) platform, ETFS Commodity Securities Limited (CSL), with the addition of Bank of America Merrill Lynch, via Merrill Lynch Commodities Inc., (MLCI), as a second counterparty.
Bank of America Merrill Lynch will join UBS AG as a Commodity Contract Counterparty to CSL. Such appointment will become effective on or after 13th April 2011……………………………………….Full Article: Source

Fonterra sets rules for global trading platform

Posted on 09 March 2011 by VRS  |  Email |Print

From Stuff.co.nz: International dairy companies appear to be lining up to join Fonterra’s online dairy products sales platform, globalDairyTrade, after slating its impact on markets when it was launched three years ago.
The New Zealand dairy giant has, since gDT’s inception, been keen to get other companies on board to improve price discovery and market risk management……………………………………….Full Article: Source

Omnesys Technologies expands partnership with DGCX

Posted on 15 February 2011 by VRS  |  Email |Print

From Business-standard.com: Omnesys Technologies, a leading India based provider of multi-asset trading tools and systems and an Independent Software Vendor (ISV) empanelled by the Dubai Gold and Commodities Exchange (DGCX), announced that it has co-located its servers within the Exchange’s Data Centre in Dubai.
DGCX is the leading derivatives exchange in the Middle East. In 2010, Omnesys became the first Indian software vendor to go live on DGCX using FIX Protocol……………………………………….Full Article: Source

Why are the London and Toronto Stock Exchange groups merging?

Posted on 10 February 2011 by VRS  |  Email |Print

From Businessinsider.com: High frequency trading (HFT) platforms have low cost bases; are agile and dynamic. 1. HFT platforms have raised questions about the viability of big traditional exchanges in recent years because they have eaten away at their core profitability.
2. HFT creates unprecedented stiff competition in the trading of cash equities as well as other asset classes such as bonds and commodities including their derivatives……………………………………….Full Article: Source

Bahrain multi-asset exchange going live

Posted on 14 January 2011 by VRS  |  Email |Print

From Investorsoffshore.com: The Bahrain Financial Exchange (BFX) has announced that the Middle East and North Africa’s first ever multi‐asset exchange will commence live operations on February 7, 2011. The official launch of the BFX will be marked by a ceremony held under the patronage of Prince Khalifa Bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain on February 1.
The Exchange will adopt a phased approach to its trading whereby its Islamic division, Bait Al Bursa, will start its e‐Tayseer platform for general use on February 7, and its conventional segment will start on March 7……………………………………….Full Article: Source

Patsystems selected by Vietnam Commodity Exchange

Posted on 12 January 2011 by VRS  |  Email |Print

From Mondovisione.com: As a further win for its exchange technology offering, Patsystems is pleased to announce that it has been selected as the key technology provider for the newly established Vietnam Commodity Exchange (VNE).
VNE was officially introduced at a ceremony in Ho Chi Minh City on 20th October by the SME Securities Joint Stock Co (SMES) and by Trieu Phong Gold International Joint Stock Co (TPG). VNE will initially trade in Steel, Rubber, and Coffee – some of Vietnam’s biggest exports. It will also provide an additional financial tool for producers and traders to protect themselves against price fluctuation risks……………………………………….Full Article: Source

COMEX options position suggests gold could be at $1,500 or higher by April

Posted on 31 December 2010 by VRS  |  Email |Print

From Mineweb.co.za: The trading volume on COMEX may have been dwindling towards the end of the year, but the open interest structured in the major options series points to more volatility and the risk, on this basis at least, is very much to the upside.
The open charts here show the overall interest in the February and April call options series on COMEX as of the close of business on 28th December, and the same exposure, but adjusted by the delta, as of the close of business on the same day……………………………………….Full Article: Source

Algorithms accelerate the day trading game

Posted on 26 November 2010 by VRS  |  Email |Print

From Theglobeandmail.com: Gone are the days when day traders – outfitted in boxers and a T-shirt sitting at their kitchen table with nothing more than a browser and a lot of java – effortlessly raked in the cash.
In today’s era of high frequency trading, hedge funds and other large traders are doling out hundreds of thousands to math whizzes to crank out complex algorithms to manage trades, automatically, in nanoseconds. In this rapid-fire world, day traders in their former incarnation stand little chance……………………………………….Full Article: Source

Newedge to offer clients China futures market access

Posted on 23 November 2010 by VRS  |  Email |Print

From Reuters: Global brokerage Newedge Group SA said on Monday it planned to offer clients access to four Chinese futures markets so they can tap into growth potential in one of the world’s largest economies.
“This is the first platform to offer access in English to Chinese exchange contracts. Further, the platform offers monthly spreading functionality within Chinese exchange-traded contracts,” Mike Frawley, global head of metals at Newedge, said in a release……………………………………….Full Article: Source

Online brokers boost trade in ETFs: BlackRock

Posted on 09 November 2010 by VRS  |  Email |Print

From Reuters: Online brokers such as Charles Schwab Corp, Fidelity Investments and TD Ameritrade Holding are using low cost exchange-traded funds ( ETFs) to attract new customers to their trading platform, a managing director at BlackRock said.
“ETFs are an area of increasing focus in the U.S. and globally,” said Deborah Fuhr, global head of ETF trading at BlackRock, the world’s biggest money manager……………………………………….Full Article: Source

India: E-trading to cover more metals next year

Posted on 08 November 2010 by VRS  |  Email |Print

From Financialexpress.com: Retail investors investing in gold and silver through electronic spot exchange in the last few months would now have the option to buy many more metals during next one year.
E-gold and e-silver which was launched by the National Spot Exchange Limited (NSEL) promoted by a consortium of companies, including Financial Technologies (promoter of MCX, the country’s largest commodity exchange) since March 2010 is rolling out e-copper this week and has plans to launch more than 20 ferrous and non-ferrous metals for the investment purpose during the next one year……………………………………….Full Article: Source

Ruble trading corridor just a ‘mirage’

Posted on 25 October 2010 by VRS  |  Email |Print

From Themoscowtimes.com: The ruble’s trading corridor is a “mirage” as the Central Bank widens the band and pushes the currency closer to a free float, HSBC said Friday. The Central Bank has widened the ruble’s so-called “floating corridor” against its target dollar-euro basket twice since Oct. 13, according to statements from central bankers Alexei Ulyukayev and Sergei Shvetsov.
Policymakers have used the basket since 2005 to manage the ruble by buying and selling foreign currency on the market. The bank has pledged to reduce its interventions and free float the currency by 2012, bringing the ruble into line with other commodity producers like Australia, Brazil and South Africa……………………………………….Full Article: Source

Ahmedabad Commodity Exchange to go live on Oct 27

Posted on 20 October 2010 by VRS  |  Email |Print

From PTI: Ahmedabad Commodity Exchange (ACE), country’s fifth national commodity bourse, will start trading operations on October 27, a top official of the exchange said today. Uday Kotak of Kotak Mahindra group, the anchor investor of the exchange, will announce the formal launch on October 26 in Mumbai, the official said.
ACE is the first instance of a regional exchange being licensed to upgrade into a national multi commodity exchange. The exchange is expected to begin trade in five agri-commodities - soyabean, soya oil, rape mustard seed, chana, castor seed……………………………………….Full Article: Source

CFTC to scrutinize algorithmic trading after May market plunge

Posted on 13 October 2010 by VRS  |  Email |Print

From Bloomberg: The top U.S. commodity regulator will review algorithmic trading and other practices such as “spoofing” and “quote stuffing” as part of the largest rewrite of Wall Street rules since the 1930s.
The Dodd-Frank financial legislation may make it easier for the Commodity Futures Trading Commission to punish manipulation and disruptive trading in markets for commodities such as oil, wheat and natural gas……………………………………….Full Article: Source

CFTC eyes new powers to police algorithmic trading

Posted on 08 October 2010 by VRS  |  Email |Print

From Reuters: The U.S. futures regulator said on Thursday it would look at whether new regulations could help prevent market disruption from high-frequency algorithmic trading in the wake of the May 6 “flash crash.”
The Commodity Futures Trading Commission has new powers in a Wall Street reform law to tackle attempts to manipulate or disrupt markets, and plans to look at high-frequency traders’ role in the equities plunge as it crafts new rules……………………………………….Full Article: Source

Tokyo SE taps NYSE Euronext to build futures platform

Posted on 17 September 2010 by VRS  |  Email |Print

From Foxbusiness.com: The chairman of the Commodity Futures Trading Commission said that the agency is looking into activity in metals and energy markets run by CME Group Inc., where the exchange mistakenly sent a number of test orders Monday.

The world’s largest futures exchange operator issued a notice early Tuesday that test orders intended for a “quality assurance testing program” accidentally went live in active commodities markets on Globex, CME’s electronic trading platform…………………………………….Full Article: Source

Alogrithmic trading in commodity markets

Posted on 16 September 2010 by VRS  |  Email |Print

From Commodities-now.com: AT is continuing its march through the asset classes with commodity markets increasingly in the frame. Whilst there is an established cadre of AT platforms being used in metals, freight and soft commodity markets, the energy sector has been slower to adopt this technology.
AT has been successfully applied in more liquid energy markets such as crude and refined oil products, as well as natural gas in the US. However, broader application in many other energy commodities is still in its infancy……………………………………….Full Article: Source

Russia can lead commodities trading reform

Posted on 10 September 2010 by VRS  |  Email |Print

From Themoscowtimes.com: President Dmitry Medvedev condemned “speculators” last week for jacking up food prices and making unjustified profits. Knowing that higher prices will fuel food costs for the next year, the Kremlin is clearly worried about popular discontent ahead of 2011 parliamentary elections and the 2012 presidential vote.
But instead of indulging in opportunist populism, the Russian leadership has a unique opportunity to initiate a wholesale transformation of commodities trading at home and abroad. As one of the world’s leading commodity producers and exporters, Russia has a particular responsibility and the necessary power to instigate real reform……………………………………….Full Article: Source

MCX may offer co-location facility

Posted on 03 September 2010 by VRS  |  Email |Print

From Business-standard.com: If implemented, it will be the first commodity exchange to offer such a facility. The Multi Commodity Exchange (MCX) plans to offer co-location facility to its broker members, which will allow them to host servers near the exchange’s trading platform, facilitating faster trades.
This was the first time a leading commodity exchange had shown an interest in offering co-location to its members in India, vendors familiar with the matter said. The MCX has over 85 per cent share of the commodity futures market. However, the plan is at a preliminary stage, according to sources……………………………………….Full Article: Source

India: It’s time to end Dabba trading

Posted on 03 September 2010 by VRS  |  Email |Print

From Rediff.com: A parallel system of futures trading in commodities, operating outside recognised commodity exchanges, better known by its colloquial epithet Dabba, has been thriving unchecked and is believed to be now generating bigger trading volumes than the regular exchanges.
This is chiefly because curbing this mode of trading is proving difficult under existing rules governing commodity futures. The Forward Markets Commission (FMC), the main regulator of this sector, in its present avatar does not have adequate powers to directly intervene in Dabba trading……………………………………….Full Article: Source

Hints of change in the world monetary system

Posted on 01 September 2010 by VRS  |  Email |Print

From WSJ: Ever since its inception 66 years ago, the International Monetary Fund has fancied itself at the center of the global economy. But only now does the prospect of a multilateral monetary authority providing stability to the international financial system seem even remotely possible.
That’s because for the first time in decades there are legitimate uncertainties surrounding the one institution that does play that role: the U.S. dollar……………………………………….Full Article: Source

Hong Kong Mercantile Exchange selects Greenline for FIX solutions

Posted on 18 August 2010 by VRS  |  Email |Print

Greenline Financial Technologies, Inc., a leading provider of electronic trading marketplace solutions,announced its selection by the Hong Kong Mercantile Exchange (HKMEx) to implement the VeriFIX and CertiFIX products from Greenline’s flagship suite of FIX Protocol solutions. Greenline currently works with over 30 global exchanges to deliver advanced FIX technology products and services.
“We are pleased to work with the HKMEx to provide FIX testing and certification solutions to help quickly and efficiently onboard both international and domestic commodities trading firms,” said Josh Tolman, President of Greenline. “We are proud to provide the rapidly growing Asia-Pacific market with superior trading technology infrastructure,” added Mr. Tolman……………………………………….Full Press Release: Source

CFTC weighs crack-down on high-frequency trades

Posted on 14 July 2010 by VRS  |  Email |Print

From Reuters: The U.S. Commodity Futures Trading Commission risks hurting markets if it is too aggressive in flexing its regulatory muscle to rein in high-frequency traders, exchanges and participants are expected to tell the agency on Wednesday.
The U.S. futures regulator’s technology committee will hold the first in a series of public meetings with exchanges, clearinghouses, trading firms, and other groups as it considers how to adapt to the rapidly evolving world of algorithmic and high-frequency trading……………………………………….Full Article: Source

SEC panel pits wider debate over automated trading

Posted on 23 June 2010 by VRS  |  Email |Print

From Reuters: Security regulators have billed a panel they host on Tuesday as a talk about liquidity, yet really at issue are the fading ideals of long-term investing and the brave new world of rapid, automated trading.
The Securities and Exchange Commission has brought together some of the biggest practitioners of “high frequency trading” — Tradebot Systems and Jump Trading LLC — and a flag bearer of deep value investing, Southeastern Asset Management Inc……………………………………….Full Article: Source

US lobby group formed on high-frequency trade

Posted on 17 June 2010 by VRS  |  Email |Print

From Reuters: The Futures Industry Association on Wednesday said it formed a new lobby group to represent high-frequency trading firms that have come under heightened scrutiny for trading practices that may have contributed to Wall Street’s May 6 “flash crash.”
The lobby, the Principal Traders Group (PTG), represents a who’s who of high-frequency traders, including Getco LLC and Allston Trading. It is chaired by Donald Wilson, who heads top Chicago futures trading firms DRW Trading…………………………………………..Full Article: Source

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