SEC Charges Pair Touting Penny Stocks With Scalping
The U.S. Securities and Exchange Commission said today that it charged a Canadian couple with fraud for making a profit by touting penny stocks they were also selling selling, a practice known as scalping.
Market Data Message Rates Hit New Record
The Exegy Ticker Plant driving the MarketDataPeaks.com web site hit over 3.2 million messages per second on June 29th, surpassing 2.8 million mps reached during the May 6th flash crash.
CovergeEx Upgrades Global Algorithm IQx
CovergEx Group has upgraded its short duration global algorithm IQx to include the automated trading of small orders and enhanced market intelligence featuring volume and price prediction engines.
New Pecking Order in Derivatives?
Exchanges and clearinghouses could win big under the new derivatives regs, but large banks and brokers that own FCMs will play a role in the pecking order.
Speed and Market Efficiency: Competition Over Mandate?
When the speed of the price provider and the price taker are not in parity, the market becomes inefficient and seemingly unfair. We can mandate slower markets, a wider quote or faster technologies, or hold market professionals accountable and let competition run its course.
FlexTrade Debuts Cross-Currency Spread Platform FlexSpread
FlexTrade Systems Inc., a broker-neutral multi-asset algorithmic trading system provider, has launched FlexSpread, a cross-currency spread platform aimed at allowing traders to make deals among multiple securities in different currencies.
GoldenSource Launches Data Warehouse
By linking data elements relating to the same object, the data warehouse will create an enterprise-wide view of risk, performance and compliance for clients.
SIFMA's Most Popular Booth
Rarely, if ever, has SIFMA seen such excitement. As Lance Donovan scored the winning goal for Team USA's World Cup match against Algeria, a loud cheer echoed around the show floor.
High-Speed Trading Not To Blame For May 6 Crash – Kudlow
High-frequency traders were not to blame for the epic May 6 stock market crash and regulators shouldn’t hamper their ability to bring liquidity to the marketplace, CNBC’s Larry Kudlow said during a presentation at the annual SIFMA Financial Services Technology Expo.
Nasdaq In On-Demand Tick Data Venture With Xignite
Nasdaq OMX Group said today that it chose cloud services provider Xignite to build an on-demand data platform which enables users to access large quantities of detailed historical trade and quote data for all U.S.-listed securities.
Take Heed The Lessons From The 1962 Flash Crash
The original Flash Crash occurred on May 28, 1962. The Dow Jones Industrial Average fell sharply in 20 minutes that day, with some stocks plummeting more than 9 percent in less than 12 minutes. The SEC launched an investigation, but its cause remains undetermined.
TMX Group Builds New Co-Location Facility
TMX Group said today that it finished the construction of a new co-location facility and will start giving users high-speed access to the Toronto Stock Exchange trading engine and market data feeds starting next week.
Xignite Expands Market Data Cloud
Financial information provider Xignite Inc. said today that its market data cloud is now offering real-time information from six new securities exchanges across three continents.