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High Speed Trading

Judge Tosses Conviction Of Ex-Goldman Sachs Programmer... Again

The Huffington Post | Kim Bellware | Posted 07.06.2015 | Business

A judge has tossed out the conviction of an ex-Goldman Sachs programmer charged with stealing some of the bank's proprietary computer code for its hig...

Those Slow to Adopt New Technology Often Benefit Most from It

Andre Bourque | Posted 03.10.2015 | Business
Andre Bourque

In a time-tested CIO article, Stephanie Overby wrote, "When the first wheel was rolled out in 3000 B.C., just a handful of Mesopotamians had enough insight and risk tolerance to give it a whirl while others looked on from a safe distance." And today, the same phenomenon exists.

SEC Chair To Crack Down On High-Speed Trading, Dark Pools

Reuters | Sarah N. Lynch | Posted 06.05.2014 | Business

WASHINGTON (Reuters) - The top U.S. securities regulator said on Thursday she is developing rules targeting high-speed traders, less transparent tradi...

Lewis On Flash Crash Worst-Case Scenario: 'I'm Not Sure Anybody Knows'

The Huffington Post | Harry Bradford | Posted 04.03.2014 | Business

Michael Lewis, the well known author of “The Big Short” and “Liars’ Poker,” talked with HuffPost Live Wednesday about the dangers of high-fr...

Mark Gongloff

Grading The Truthiness Of All The Michael Lewis Haters | Mark Gongloff | Posted 04.02.2014 | Business

Skilled Wall Street-botherer Michael Lewis has a new book out claiming the stock market is hopelessly rigged against investors, and the backlash from ...

FBI Investigating High-Frequency Traders: WSJ

The Huffington Post | Harry Bradford | Posted 03.31.2014 | Business

A senior FBI official has said the agency is investigating high-speed traders over whether they base trades on nonpublic information, according The Wa...

Sketchy Wall St. Practice Under Scrutiny

Reuters | Posted 05.18.2014 | Business

March 18 (Reuters) - New York Attorney General Eric Schneiderman is investigating whether U.S. stock exchanges and alternative trading venues provid...

High-Speed Trading's New Must-Have Tool: Frickin' Laser Beams

The Huffington Post | Mark Gongloff | Posted 02.12.2014 | Business

High-speed traders have had enough of using sluggish microwaves, millimeter waves and fiber-optic cables like it's the 1950s or something. Now they ar...

Book Review: The Meltdown of Knight Capital, Captured in Detail in Knightmare on Wall Street

James Grundvig | Posted 04.05.2014 | Books
James Grundvig

The August 2003 blackout of the northeast United States was a system of systems failure, in which things didn't go as planned, alarms didn't trigger, ...

Long Arm of the Law Catches Up to High-Speed Trading: Attorney General Eric Schneiderman

James Grundvig | Posted 12.09.2013 | Business
James Grundvig

At the Bloomberg Link Markets 50 Summit, New York State Attorney General Eric Schneiderman made a point that he has set out to level the playing field...

Regulators To Crack Down On High-Speed Trading

Reuters | Posted 10.24.2013 | Business

By Tom Polansek CHICAGO, Aug 23 (Reuters) - The U.S. Commodity Futures Trading Commission is preparing to reveal a laundry list of po...

Mark Gongloff

High-Speed Trading Bad For Everybody: Study | Mark Gongloff | Posted 06.18.2013 | Business

High-frequency trading is bad for everybody, including high-frequency traders, according to new research from a university that produces economic repo...

Mark Gongloff

This Video Of One Half-Second Of High Frequency Trading Is Insane, Terrifying | Mark Gongloff | Posted 05.09.2013 | Business

You have no idea just how bonkers high-frequency trading is making the stock market until you actually see it in action. A terrifying new video by ...

Mark Gongloff

Columbia Research Paper On High Speed Trading Paid For By High-Speed Trading Firm | Mark Gongloff | Posted 03.27.2013 | Business

As it did before the financial crisis, Wall Street is bankrolling academics to bolster its case against regulation. Then, the research gave warm tongu...

Mark Gongloff

Lawmakers Want To Tax Trades | Mark Gongloff | Posted 02.28.2013 | Business

Democratic lawmakers have proposed a plan to solve two pesky, unrelated problems at once: The budget deficit and high-speed trading robots run amok. T...

Trading Glitch Wreaks Havoc

Reuters | Posted 01.12.2013 | Business

* The stocks still trading on other exchanges * NYSE will not hold closing auction for affected stocks * Open orders in ...

Wall Street Reformers Unwittingly Turn Derivates Market Over To Robots

The Huffington Post | Mark Gongloff | Posted 11.06.2012 | Business

We've seen how well robots handle stock trading, why not give them the keys to the credit-derivatives market, too? There may not be much choice: As...

Runaway High Speed Trading -- Protect Yourself

Nancy K. Humphreys | Posted 12.03.2012 | Business
Nancy K. Humphreys

What did the SEC do when it realized the danger to other investors from high-speed trading? Did it warn the American people? Order high speed trading to cease? Ban algorithms designed to cheat other investors? Absolutely not!

SEC Ignoring High-Speed Trading Fraud?

Mark Gongloff | Posted 11.24.2012 | Business
Mark Gongloff

Having the Securities and Exchange Commission police high-speed trading is like pitting Barney Fife against Michael Corleone: The odds are not in its favor.

Turning Markets Over To The Robots

The Huffington Post | Mark Gongloff | Posted 09.19.2012 | Business

Thing One: Give The Robots What They Want: See, this is why nobody trusts the stock market any more. The Securities and Exchange Commission is inve...

Wall Street Pioneer: This 'Has Absolutely No Social Value'

The Huffington Post | Mark Gongloff | Posted 08.28.2012 | Business

The man who built what was possibly the first stock-trading robot now worries they have too much sway over the market. In other news, Victor Frankenst...

Regulators Asking If Huge Glitch Should Have Been Caught Sooner

Reuters | Posted 10.16.2012 | Business

* Dormant software caused problem * SEC asking if glitch should have been caught By Jessica Toonkel and John McCrank ...

Must-Have New High-Speed Trading Tool: Drones

Mark Gongloff | Posted 10.07.2012 | Business
Mark Gongloff

Drones: They're not just for killing any more. They're not just for killing people, I mean. Soon they will also be for killing your money, in the stock market.

Wall Street Robots Have Taken Over The Market, Horrifying GIF Shows

Mark Gongloff | Posted 10.07.2012 | Business
Mark Gongloff

This is what it looks like when the robots take over the stock market.

Fat Finger? No Way

Nancy K. Humphreys | Posted 10.06.2012 | Business
Nancy K. Humphreys

Speed traders make a fraction of a penny in fees, paid by stock exchanges, for each of the quadrillions of orders that traders can execute within mere seconds -- while losing no money, ever.