Citadel Securities loses ‘Flash Boys’ appeal
A federal court has ruled that the SEC’s decision to approve a controversial type of market order from IEX Group was lawful, in the latest twist of the Flash Boys drama.
Tag: HFT
Lessons learned from Flash Boys
Following the recent dismissal of the so called ‘Flash Boys Case’ made against exchanges for favouring high frequency traders, Annabel Smith explores how Michael Lewis’ original novel has shaped the market... and why it drove asset managers to take legal action.
Americas
SEC denies Cboe stock exchange speed bump proposal
The controversial speed bump was opposed by some of the markets most active participants and industry lobby groups.
Equities
FCA study estimates HFT ‘sniping’ costs investors globally $5 billion a year
Analysing billions of message data points from the LSE, the FCA claims eliminating latency arbitrage would reduce the cost of liquidity for institutional investors by 17%.
Virtu Financial registers as HFT in Japan
Virtu Financial’s Singapore entity gains regulatory approval to operate a high-speed trading business in Japan.
Flow Traders gains approval for HFT business in Japan
Regulatory approval means Flow Traders can participate in the Japan Exchange Group’s ETF market maker scheme.
MiFID II tick size regime sees increase in certain transaction costs
The French financial regulator has found MiFID II’s tick size regime has widened the spread on certain transactions and impacted HFT market makers.
DRW to acquire rival in latest HFT tie-up
Terms of the deal were not disclosed but it is expected to close by the end of September.
HFT: Not so flashy anymore
After a string of M&A deals in the HFT space at the beginning of the year, does it spell an end to the traditional HFT business model? Writes Joe Parsons.
First global HFT database being developed
Economists and financial experts to build the world’s first HFT database.