Tag: automated trading

automated trading

And Another Thing…

The price action in Cable on Monday around the resignation of four government ministers in the UK was interesting and highlighted a nuance of the modern FX market structure. The pertinent question to be considered is: Do we want to have a generally stable market with fewer 200 point moves, but which has occasional flash events; or is it better to have a generally busier market, with more 200 point moves and little – or even no – flash events?

FX Firms Behind the Curve on MiFID II: Survey

A new survey by trading technology provider Integral Development Corp finds that FX market participants face a race against the clock to be fully prepared for MiFID II.
In a global poll of 282 market participants last week the firm found that only 18% claimed their FX business was completely set for January 3, while one third saud they were only half ready how the requirements, which include demonstrating best execution to clients and increased reporting, will affect currency trading.

CFTC Staff Clash Over Automated Trading Rules

Staff at the Commodity Futures Trading Commission (CFTC) clashed over the supplemental proposal to the Automated Trading Regulation (RegAT), even though the proposals were ultimately approved today by the Commission.

In a meeting in Washington today CFTC Commissioner, Christian Giancarlo, who voted against the proposal, disagreed with Chairman Timothy Massad on a number of issues relating to RegAT.

The main point of contention was the access that the proposed rules would give the CFTC to automated trading firms’ source code, which has drawn some strong criticism from market participants and industry bodies throughout this year.