High-Speed Trading to Be Examined by Levin at Hearing Next Week – Bloomberg

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High-Speed Trading to Be Examined by Levin at Hearing Next Week

By Cheyenne Hopkins, Bloomberg,  Jun 9, 2014 6:02 PM ET

“…computerized and algorithmic traders who account for about half of U.S. stock trades. Traders like those highlighted by Michael Lewis in his book “Flash Boys” have been linked by critics to a May 2010 stock-market disruption…”

Bloomberg reporter Cheyenne Hopkins uses an unbiased and appropriate description, i.e. “a May 2010 stock-market disruption” in referring to the events of May 6, 2010, that became known as the “Flash Crash”. I sincerely thank Cheyenne Hopkins!

An unprecedented rapid decrease AND increase, by more than 5% in each direction, within 20 minute time period between 2:32 PM and 2:52 PM ET was experienced in the U.S. stock market, i.e. in E-mini S&P 500 stock index futures prices.

Text of SEC Chair’s June 5 speech on HFT

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SEC Chair Mary Jo White chimes in on HFT. Text of SEC Chair’s June 5 speech

Futures Magazine, June 6, 2014 By Mary Jo White

Enhancing Our Equity Market Structure

SEC Chair Mary Jo White speaking at the Sandler O’Neill & Partners, L.P. Global Exchange and Brokerage Conference in New York, N.Y.

FinLinks @ RiskQuant is Updated

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Reuters© Chart of the day, August 6, 2012 @ 3:37 pm By Felix Salmon

Time-lapse graphic showing the amount of high-frequency trading in the stock market from January 2007 to January 2012.

FinLinks© page contains contemporary and interesting multimedia links.

SEC does job, ignores HFT noise

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SEC does job, ignores HFT noise.

Futures Magazine June 6, 2014 FUTURES OP-ED By Matt Levine, Bloomberg

Matt Levine writes “I’ve said this before, but I really admire the way the Securities and Exchange Commission has responded to the recent uproar about high-frequency trading. A lesser regulator would have jumped on the bandwagon of HFT bashing, or even tried to get out ahead of it with its own anti-HFT branding.” To read more click on the article link above.

SECs White gains praise from HFTs: Really

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SECs White gains praise from HFTs: Really.

Futures Magazine June 6, 2014 By Daniel P. Collins

Ever since Michael Lewis’ book, “Flash Boys: A Wall Street Revolt” came out traders in general and high frequency traders in particular have been nervous about the regulatory response.

There was fear of a knee jerk response that could harm, or even end their business. So Securities and Exchange Commission Chair Mary Jo White’s comments this week at the Sandler O’Neill Global Exchange and Brokerage Conference were much anticipated. To read more click on the article link above.

Dr.K’s Publications Page @ RiskQuant is Updated

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Publications page contains the references and abstracts of Dr. Karagozoglu’s research publications in refereed academic journals as well as the list of his working papers.