High-Frequency Trading Webcast
CLICK HERE to listen to the archived webcast
Depending on which source you consult, high-frequency trading (HFT) operations account for as much as 60-65 percent of US equity volumes, illustrating the extent to which buy-side and sell-side firms use this "no-touch" strategy for much of their bread and butter. But the HFT market is not without its challenges and controversies, especially when it comes to what many perceive to be the introduction of systemic risk - heightened by the May 6, 2010 Flash Crash - and also the possibility of certain firms possessing an unfair advantage over their competitors due to technology and operational initiatives. But many believe that HFT has been given an unnecessarily bad rap and that its advantages far outweigh its drawbacks.
• What are the essential ingredients that need to be present for an HFT environment/trading operation to be effective?
• What technology and operational initiatives can buy-side and sell-side firms implement to get ahead of the HFT game?
• In an HFT environment, how do firms go about managing risk, especially deal-time or even pre-trade risk?
• What off-the-shelf technologies can IT departments at HFT firms harness to optimize their HFT environments?
• What are the advantages and disadvantages of opting to develop an in-house and therefore proprietary HFT trading environment?
• Does the "in-house" option make sense in such a tough operating environment, or does that depend on firms' individual attributes?
• What are the typical pitfalls that market participants need to consider when designing and implementing an HFT environment?
• Are we likely to see the introduction of regulations restricting latency to a certain level in the interest of promoting a more equitable HFT trading landscape?
Speakers:
- Tim Cox, Director, Global Execution Services, BANK OF AMERICA MERRILL LYNCH
- Mehmet Yanilmaz, Partner, MYRA TRADING
- Wolfgang Eholzer, Head of Trading System Design, EUREX
- Gil Tene, CTO and Co-Founder, AZUL SYSTEMS
- Moderator: Anthony Malakian, US Editor, WATERSTECHNOLOGY
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
How a consolidated tape could address bond liquidity fragmentation
Chris Murphy, CEO of Ediphy, writes that the biggest goal of a fixed-income tape should be the aggregation of, and democratized access to, market data.
An AI-first approach to model risk management
Firms must define their AI risk appetite before trying to manage or model it, says Christophe Rougeaux
Launch of Deutsche Börse’s midpoint dark pool delayed
The exchange group faces a roadblock as it awaits a reference price waiver from its regulator.
Tech VC funding: It’s not just about the money
The IMD Wrap: It’s been a busy year for tech and data companies seeking cash to kick-start new efforts. Max details how some are putting the fun into fundraising.
Bond tape hopefuls size up commercial risks as FCA finalizes tender
Consolidated tape bidders say the UK regulator is set to imminently publish crucial final details around technical specifications and data licensing arrangements for the finished infrastructure.
If M&A picks up, who’s on the auction block?
Waters Wrap: With projections that mergers and acquisitions are geared to pick back up in 2025, Anthony reads the tea leaves of 25 of this year’s deals to predict which vendors might be most valuable.
The Waters Cooler: A little crime never hurt nobody
Do you guys remember that 2006 Pitchfork review of Shine On by Jet?
Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T
Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.
