Mar 18
New York Attorney General Eric Schneiderman vowed today to crack down on the technology that gives high frequency traders an unfair advantage in the market. And that’s a very good thing for regular humans with money in the marketplace.
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Feb 12
Eventually, they could end up on your roof, beaming trading data across the sky: Lasers, originally developed by the military, that are now being co-opted by high-frequency traders looking for even faster ways to do business.
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Sep 25
A week ago, the Federal Reserve announced something or another about bonds, a move that sent the bond market into a frenzied orgy of bond loading and unloading. So what, right? The markets quiver whenever the Fed does anything. Well, weirdly, it appears the information got out five milliseconds early. Which wouldn’t matter, except that those tiny fractions of seconds are a lifetime to the high-speed trading computers that run our markets.
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Aug 22
Nasdaq stops all trading due to systems issue, plans to reopen in a limited capacity soon (update: back online)
Posted in: Today's Chili
Well, this is rather peculiar. The Nasdaq stock market — the entire Nasdaq, which lists major tech firms such as Apple and Facebook — has temporarily suspended all trading due to a technical issue. The exchange sent an alert to traders at 12:14PM ET today announcing that it was halting all trading “until further notice,” according to a New York Times report. Reuters is reporting that Nasdaq will reopen trading soon, but with a 5-minute quote period. The market will not be canceling open orders, however, so firms that don’t want their orders processed once everything’s up and running should cancel their orders manually now. It’s not entirely clear what caused the issue, or how and when it will be resolved, but you better believe it’s causing some commotion on Wall Street, and could impact traders for days and months to come.
Update (2:28PM ET): CNBC and the Wall Street Journal are reporting that Nasdaq will resume limited trading beginning at 2:45PM ET.
Update (2:32PM ET): CNBC is now reporting that trading will resume with just two securities at 2:45PM ET. Full trading will begin at 3:10PM ET.
Update (3:28PM ET): It appears that trading has resumed as of 3:25PM ET.
Update (5:47PM ET): One final tweet here from CNBC. Nasdaq is claiming that today’s issues were resolved within 30 minutes. The remaining 2.5 hours were used to coordinate the re-opening.
Update (6:29PM ET): Nasdaq has issued an official statement following today’s market close. In part, it reads: “NASDAQ OMX will work with other exchanges that are members of the SIP to investigate the issues of today, and we will support any necessary steps to enhance the platform.”
Filed under: Internet
Source: Nasdaq
Jun 20
It’s easy to see that the Bitcoin market is under stress when there’s rising overall activity and tighter oversight. However, it’s now so hectic that the Mt. Gox exchange has trouble fulfilling even basic transactions — and the institution is freezing US dollar withdrawals for two weeks to keep things in check. Mt. Gox’s team will use the downtime to upgrade its trading system and (hopefully) address the heavy workload. Deposits and transfers in American currency should still be good to go. Let’s just hope that Mt. Gox manages smoother transitions in the future — after all, not everyone can afford to leave their money in limbo during a tech refresh.
Filed under: Internet
Via: Ars Technica
Source: Mt. Gox
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