Jay Biondo Director of Surveillance Products Design
Compliance must get ready for tougher Indian high-frequency trading rules
Elise Fleischaker
Neurensic's Jay Biondo weighs in on HFT and speed bumps at exchanges.   "Compliance and legal staff will have to stay abreast of emerging regulations and actively educate their employers about the shifting landscape to ensure that sufficient resources are dedicated to building a robust supervisory program. However, the introduction of 'speed bumps' may likely have little to no impact on the supervisory responsibilities of compliance and legal staff," said Jay Biondo, director of surveillance products design at Neurensic in
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Vanderbilt study debunks “phantom liquidity” problem caused by high-frequency traders
Elise Fleischaker
Contrary to popular belief, high-frequency traders help lower investor costs: @VanderbiltOwen study by Jesse A. Blocher the assistant professor of finance at Vanderbilt University’s Owen Graduate School of Management. This is a very interesting study into the claims that HFT create "phantom liquidity" and harm the markets for the average investor as originally written in Michael Lewis' book Flash Boys.  Some exerts: Phantom liquidity only can really be a problem if those who cannot get good execution find the price moving
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High Frequency Trading (HFT) Under Scrutiny
Elise Fleischaker
Japan's Security and Exchange Surveillance Commission is interested in gathering data from trading firms who place their computers very close to the exchange. This is how they have defined HFT. Close to the exchange does not mean high frequency. Most would call this low latency. A broker dealer may have their servers very close to the exchange to minimize order processing time to better serve their clients who may be using a simple order entry front ends that may be
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