Flash crash

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).

Circuit Breakers Adequate for Flash-Crash Prevention

A recent report by London-based consultancy GreySpark Partners has found that circuit breakers and venue controls on algorithms should be sufficient measures to control aberrant behavior related to algorithmic trading, without a need for further…

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).

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.

High-Frequency Trading: Handle with Care

Steve Dew-Jones unearths disquiet among market participants, following the European Parliament’s unanimous vote in favor of European Commission proposals to restrict the practice of high-frequency trading.

NSE Shifts Blame for India Flash Crash

Since India’s S&P CNX Nifty index dropped 900 points earlier this month, the country’s largest exchange hasn't disclosed any evaluations of its own mistakes. One technologist has a few suggestions.

The Curious Case of the Nifty

The Flash Crash on India’s exchange highlights the perils of instituting catchy mechanisms like circuit breakers without really analyzing what causes problems in the first place.

Short Circuit: Does Flash Crash II Still Loom?

Two years after the Flash Crash, an event of similar proportions has yet to occur, despite doomsday prophecies to the contrary. Have measures such as circuit-breakers helped to safeguard the stability of modern capital markets, and more importantly, have…

Market Survives Bats' Failed IPO; Will Bats?

While Bats failed IPO attempt-and subsequent mini-Flash Crash-led to numerous bad headlines, it doesn't have to be a death sentence for the usually tech-savvy exchange operator. Additionally, the event also shows that the industry has made strides since…

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