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The Trading Mesh

September 2012

Is the time up for HFT?

September 28, 2012 Comments (0)           

 
By Steve Grob
Few can have missed the fact that Germany is set to go it alone on curbing HFT, although it looks like the rest of Europe won’t be too far behind. The proposed European legislation will insist upon a minimum resting time for orders before they can be amended or cancelled.
This has sparked a fair amount of discussion here at Fidessa Towers on how it will (or probably won’t) work. Presumably the stop watch will be in the hands of the venues themselves, but...

Social media and the return of high touch trading

September 18, 2012 Comments (0)           

The past decade has witnessed the wholesale electronification of global trading. The term low touch was coined to describe exactly this and the electronic routing of client orders to markets with the minimum of intervention from their broker. This meant that the value add of the sales trader was increasingly denuded and the key differentiators became simply cost and market coverage. Interesting, then, that at the International Trader Forum in Madrid last week a number of high profi...