The Australian Securities & Investments Commission has agreed to hold off on several possible changes to equity market trading rules, in the wake of concerns expressed by market participants and market manager ASX Limited. Yesterday's ...
Tags: ASIC, Trade Rule Changes
Regulators have decided against imposing restrictions that would have further curbed computer-driven and off-market share trading, claiming recent regulatory changes are already having the desired effect. In a significant win for the ...
Tags: High Frequency Trade, Restriction
The Australian Securities & Investments Commission's plan to discourage high-frequency traders from using "dark pools" has been criticised by industry superannuation funds. Industry Super Network head of regulatory policy Zak May told a ...
Western Digital subsidiary HGST today announced the its first solid-state drives (SSD) that sport a 12Gbps serial-attached SCSI (SAS) interface. The 2.5-in., enterprise-class SSD family ups the SAS interface bandwidth by 2X and boosts ...
Tags: Electrical, Electronics
THE incoming chief executive of Chi-X Australia believes the equity market operator has reached an inflection point in its developments that will see it take a rapidly growing slice of local share trades. John Fildes, who will take up the ...
Australian Securities & Investments Commission chairman Greg Medcraft has declared dark and high-frequency trading "the new normal" of financial markets after two inquiries found no evidence of systemic abuse of the practices. ASIC ...
Tags: new normal, financial markets, ASIC
The Australian Securities and Investments Commission (ASIC) has proposed a range of rules to contain the growth of "off-market" and high-frequency trading (HFT), saying that it had uncovered some breaches of current law but no widespread or ...
Tags: ASIC, off-market, economy
The market regulator is considering action against five high-frequency traders and one dark-pool operator as its taskforce continues to consider new rules for those practices. Staff from the Australian Securities & Investments Commission ...
Tags: Taskforce Targets, market regulator, ASIC
Rather than trying to hinder the high-frequency traders by taxing the buy and sell orders they place and withdraw in milliseconds every day, the Industry Super Network proposes a new trading model with a series of auctions through the day ...
Tags: high-frequency trades, Australia, investment
CITI has ended rival UBS's 11-year streak at the top of the stockbroking heap, as brokers warn that an imminent uptick in market activity is unlikely after the worst year since 2005. "I would say next year will be similar to this year in ...
Tags: CITI, an imminent uptick, stockbroking heap
Over the last decade banks have spent billions on high-frequency trading, but have simultaneously neglected their IT legacy systems, leading to a dangerous lack of data transparency. With the Banking Reform Bill in draft, is the time right ...
Tags: IT legacy systems, bank, IT overhaul, accurate data, transparent data
Hurricane Sandy exposed a decided lack of contingency planning on Wall Street, according to a report by a research firm. With the Northeast still experiencing the effects of widespread storm damage, the business continuity plans of stock ...
Tags: Hurricane Sandy, Wall Street, storm damage, business
A former programmer for Goldman Sachs has been charged again with pilfering sensitive source code despite his successful appeal in April of his federal court trial outcome. Sergey Aleynikov, a 42-year-old dual citizen of Russia and the ...
Regulators must force banks to overhaul complex IT infrastructures which risk causing further large-scale system outages, IT trade body Intellect has urged. The UK’s financial IT infrastructure is no longer fit for purpose and risks ...
Tags: IT infrastructure, IT trade, financial IT infrastructure
IDG News Service-In the world of high-frequency trading,where being ahead of the competition by a few milliseconds can mean profits worth millions of dollars,finance firms are increasingly looking to decades-old microwave technologies for a ...
Tags: Microwave vies, high-frequency trading, fiber, microwave technologies