Hillary Clinton proposed a tax on high -
frequency trading of securities, which is reportedly a favorite of Renaissance Technologies.
Not exact matches
In Joe Castaldo's feature about Aequitas — Canada's newest
securities marketplace, launching on March 27 — he explains the basics
of how high -
frequency trading works:
Hudson River
Trading, a huge high - frequency trading firm that is responsible for about 5 % of all US stock trading, filed a letter to the Securities and Exchange Commission on Thursday, and it's a pretty brutal takedown of the pr
Trading, a huge high -
frequency trading firm that is responsible for about 5 % of all US stock trading, filed a letter to the Securities and Exchange Commission on Thursday, and it's a pretty brutal takedown of the pr
trading firm that is responsible for about 5 %
of all US stock
trading, filed a letter to the Securities and Exchange Commission on Thursday, and it's a pretty brutal takedown of the pr
trading, filed a letter to the
Securities and Exchange Commission on Thursday, and it's a pretty brutal takedown
of the proposal.
But in the realm
of finance, as much as we traders appreciate the opportunity to unpack and
trade complexity in
securities, structures and markets, we wonder if the overall impact
of financial innovation, including derivatives, structured products, high -
frequency trading and communication advances, is a net negative, albeit with a possibly long delay before the drawbacks become visible» Paul Singer
Designing incentives for market makers in an era dominated by «high -
frequency» electronic
trading is one
of the crucial challenges in today's financial markets, according to the latest report from U.S.
securities regulators outlining ways to prevent a repeat
of the «flash crash»
of May 6, 2010.
Mr. Lieberman is Lead Counsel in a putative
securities class action that alleges Barclays PLC misled institutional investors about the manipulation
of the banking giant's so - called «dark pool»
trading systems in order to provide a
trading advantage to high -
frequency traders over its institutional investor clients.
High -
frequency trades are characterized by extremely short holding periods and a high turnover
of securities, and account for a significant amount
of trading volume in today's markets.
But the key factors are the
frequency and dollar amount
of your
trades during the year and the typical holding period for a
security.
to make such a judgment include the following: (a) only a bid price or an asked price is available; (b) the spread between bid and asked prices is substantial; (c) the liquidity
of the
securities; (d) the
frequency of sales; (e) the thinness
of the market; (f) the size
of reported
trades; and (g) actions
of the
securities markets, such as the suspension or limitation
of trading.
In making this determination, the Adviser will consider, as it deems appropriate under the circumstances and among other factors: (1) the
frequency of trades and quotes for the
security; (2) the number
of dealers willing to purchase or sell the
security; (3) the number
of other potential purchasers
of the
security; (4) dealer undertakings to make a market in the
security; (5) the nature
of the
security (e.g., debt or equity, date
of maturity, terms
of dividend or interest payments, and other material terms) and the nature
of the marketplace
trades (e.g., the time needed to dispose
of the
security, the method
of soliciting offers, and the mechanics
of transfer); and (6) the rating
of the
security and the financial condition and prospects
of the issuer.
Factors which may cause the adviser to make such a judgment include, but are not limited to, the following: only a bid price or an asked price is available; the spread between bid and asked prices is substantial; the
frequency of sales; the thinness
of the market; the size
of reported
trades; and actions
of the
securities markets, such as the suspension or limitation
of trading; (iii)
securities determined to be illiquid; (iv)
securities with respect to which an event that will affect the value thereof has occurred (a «significant event») since the closing prices were established on the principal exchange on which they are
traded, but prior to the Fund's calculation
of its net asset value.
From recent regulatory enforcement priorities such as insider
trading, high -
frequency trading, financial crisis investigations, the Foreign Corrupt Practices Act (FCPA), Bank Secrecy Act / AML violations, accounting fraud, and hedge fund collapses to some
of the most significant matters over the last decade, such as auction rate
securities, market timing, RMBS, LIBOR, FX, late
trading, IPO allocation, and Wall Street research, our
securities enforcement and white collar defense lawyers have been at the center
of every major initiative affecting the financial services sector.