Knight Capital
HSBC's Childe: Back-Testing Key to Mitigate Algo Failures
Panelists at the European Trading Architecture Summit (ETAS) yesterday discussed how to mitigate algorithmic trading errors that can cause catastrophic losses, saying that thorough back-testing is crucial to performance stability.
ASIC Considers Kill Switch Introduction
The Australian Securities & Investments Commission (ASIC), plans to release a new set of rules for automated trading this week, chief among which will be the introduction of circuit breakers for brokers.
Algo Error Damage Apparent as Knight Releases Q3 Results
The electronic market maker lost $389.9 million from July to the end of September, with net-negative revenues of $189.8 million.
MT5 Platform Adds Access to Knight's Hotspot FX Network
MetaQuotes Software Corp. has integrated its MetaTrader 5 (MT5) platform with Knight Capital Group's Hostpot foreign exchange (FX) electronic communications network (ECN).
Knight Capital Moves Ahead with C-Level Shakeup
Following electronic market maker Knight Capital's near-collapse this summer, expected changes have arrived as new executives will now be in chief operations, risk, and technology roles.
Panel: Anti-Gaming Shifts to the Background
Anti-gaming techniques have become more incorporated into overall order placement strategy and are no longer the big, standalone topic they once were, according to TradeTech West panelists.
SEC Bumps Tech Roundtable Date
The Securities and Exchange Commission (SEC) has amended the date of its upcoming technology roundtable, initially scheduled for 14 September 2012.
SEC Outlines Tech Roundtable Agenda
Focuses on disaster management and system integrity after Knight trading incident.
September 2012: Sanity Prevails
As Knight teetered on the brink of collapse, Victor says the lessons from the financial crisis guided the response.
Knight Appoints Three Executives to Board
The three members join as part of the rescue agreement with Blackstone, General Atlantic, and TD Ameritrade.
The Dust Settles in Knight's Arena
It's been two weeks since one of Knight Capital’s systems went haywire and nearly sunk the market-maker. Already, the situation has stabilized, and the industry can start thinking about the bigger picture.
ASIC Tightens Automated Trading Controls
Australian regulator publishes draft rules on algorithmic trading oversight.
Sell-Side Tech Glitches Provide Lessons for the Buy Side
As firms grapple with decreased IT budgets and work forces, we could see more headlines about problems that can be attributed to technology glitches.
Whatever You Do, Don't Push the Button
What in the world is going on in financial IT?
TSE Must Restore Confidence After Second Outage
On Tuesday, the Tokyo Stock Exchange had to halt trading for the second time in six months after a technology glitch hit its derivatives system. With the Knight fiasco fresh in public consciousness and a takeover bid with the Osaka exchange looming,…
SEC to Host Tech-Focused Rountable
Following Knight's loss event, regulator to home in on automated trading.
Knight is a Market Maker Once Again
NYSE will return direct market making responsibilities to the firm next Monday.
Another Tech Glitch Halts Trading on the TSE
This is the second disturbance this year, as it is working to take over the Osaka Securities Exchange.
A White Knight for Knight Capital
An emergency cash infusion has given Knight a chance to win back Wall Street's confidence.
NYSE Reallocates Knight's DMM to Getco
Direct market making for Knight's allocation of NYSE listed securities becomes the temporary responsibility of Getco until a recapitalization plan is completed.
Knight Debacle Calls for Regulatory Scrutiny—and Caution
In the wake of Knight Capital's disastrous week, Anthony says the industry needs to avoid reactionary measures, and focus on the real problems.
Knight Rises—and Falls
A look at Knight Capital's rapid ascent offers a few clues, and hints for lessons to be learned, as details are still emerging from Knight Capital's NYSE algo mishap on Wednesday.