Flash crash

(Still) Deconstructing the Flash Crash

As Navinder Sarao fights extradition to the US, a new research report tries to pin down the reason as to why the Flash Crash happened. In the end, though, we still only have theories.

James Rundle: Imperfect Solutions

Most Western exchanges have implemented safety measures to mitigate share-price swings, but others are beginning to experience the algorithmic troubles that brought trading firms to their knees in recent years. Kill switches and circuit breakers don’t…

Risk Management a Challenge When Algos Go Rogue

In an article published in May, Waters explored the problematic task of performing market surveillance in automated, high-frequency trading environments. Another challenging area for algorithmic trading is that of risk management, when questions of risk…

NYSE Retiring LRP Ahead of Limit Measures

The New York Stock Exchange has filed a plan to withdraw its Liquidity Replenishment Points program (LRP), a way of halting momentum in volatile stocks, with the US Securities and Exchange Commission (SEC).

James Rundle: That Golden Touch

The data jungle of modern trading may be confusing, says James, but the UK’s Financial Services Authority is certainly going out with a bang after slamming a complex market manipulation scheme, mirroring wider efforts among national cops to become tech…

MEP Says No to Minimum Resting Times

Kay Swinburne, member of the EU's Economic and Monetary Affairs Committee, believes minimum resting times for orders will not make it into the final drafting of the second Markets in Financial Instruments Directive (Mifid II).

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