Computer traders blamed for Wall Street crash (New Scientist)

Who would have guessed a magazine for scientists would be reporting about a market crash, but with so much equity and listed derivatives trading driven…

'Stub Quoting' Helps Explain Last Thursday's Penny Prices (Wall Street Journal)

Everyone is still trying to understand what happened on May 6.  Stub quoting was certainly not the overall cause, but might help to explain why…

SunGard Unveils Valdi Order System With Global Focus (Bloomberg)

SunGard took its BRASS sell side OMS and combined it with the recently purchased GL Trade to make their new platform, called Valdi.  Sungard will…

The "New" Exchanges: Fast, Faster, Fastest

I originally wrote this article for FIX Global Magazine.  You can download the PDF here and read the full version at TabbForum.com. High frequency traders…

‘Several Competing’ Clearing Houses Needed for Swaps (Securities Industry News)

I participated in a panel discussion this morning focused on opportunities for execution venues an exchanges created by OTC derivatives reform.  As legislation will likely…

AbsoluteReturn – Hey, you, get on my cloud

This article talks about adoption of cloud computing by hedge funds.  Most agree it has a place, but that place is limited.  A clip: Kevin…

Bloomberg – Goldman Tops JPMorgan as Best Broker as Speed Shakes Up Trading

Goldman’s technology and its access to a large pool of potential buyers and sellers help it to search for — and find — liquidity at the…

The Trade – OTC derivatives reforms to accelerate automation

“The automation that will result from standardisation of OTC derivatives will make it easier to get fair prices, as well as making it simpler to…

Wall Street Letter – Equities Trading Industry Tackles Latency Measurement

The demand for a latency standard has increased with the rise in high-frequency trading, higher trading volumes and more volatility. Latency has been reduced in…