High-Frequency Trading | OTC Derivatives Reform News Updates

All Eyes on Italy's High-Frequency Rules

By Philip Stafford
Published February 19, 2013 Financial Times

Italy is set to become a testing ground for the regulation of high-frequency trading as politicians wrestle with the contentious topic.

Over Christmas, Italy introduced a financial transactions tax that went further than a French equivalent last August. Specific legislation was aimed at high-frequency trading in local equities and derivatives – asset classes that have attracted high-frequency traders because they are liquid and traded on exchanges.

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Tags: Italy, high-frequency trading, hft, financial transactions tax

MEPs Set Date for MiFID II Sign Off

By Richard Henderson
Published October 16, 2012 The Trade

MEPs will vote on the European Parliament’s version of MiFID II on 26 October, with broad support expected on key issues including broker crossing networks and high-frequency trading (HFT).

The plenary vote requires all MEPs to vote on the version of MiFID II agreed on by the European Parliament’s Economic and Monetary Affairs Committee (ECON).

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Tags: Europe, ECON, Mifid II, MEPs, high-frequency trading

HFT Curbs Could Damage Growth, Study Says

By Phillip Stafford
Published August 30, 2012 Financial Times

European proposals aimed at curbing automated trading could have a negative economic impact on the region, according to a study commissioned by the British government.

The findings are part of a high-profile project begun last year to examine the effects of computerised trading, including high-frequency trading, on financial markets.

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Tags: Europe, Mifid, HFT, high-frequency trading

CFTC Moves to Brake High-Speed Traders

By Scott Patterson and Jenny Strasburg
Published June 19 2012 Wall Street Journal

U.S. regulators are about to take a big step toward reining in high-frequency trading: defining what it is. On Wednesday, a Commodity Futures Trading Commission subcommittee is expected to propose a roughly 60-word definition of high-frequency trading that would define it broadly, a bad sign for traders who had hoped for narrower language.

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Tags: CFTC, derivatives, high-frequency trading

An FDA for Derivatives Could Prevent Future Crises

By Eric Posner and Glen Weyl
Published April 2 2012 Bloomberg

In February, Mary Schapiro, chairman of the Securities and Exchange Commission, said the agency is looking for ways to rein in high-frequency traders. That is, the people who use computer algorithms to buy and sell derivatives at lightning speed to make instantaneous profits.

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Tags: CDS, OTC Derivatives, SEC, High-Frequency Trading

Gensler: Regulators Can’t Assume Algos Are Designed Well

By Tom Steinert-Threlkeld
Published March 29 2012 Securities Technology Monitor

The main regulator of futures markets is considering putting out a concept release that would seek comment on how to test and supervise the use of algorithms in high-speed automated markets.

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Tags: CFTC, High-Frequency Trading, Global Regulation

High-speed Trading Rules Loom

By Phillip Stafford
Published December 22 2011 Financial Times

Exchanges and brokers must take the lead in policing high-frequency trading (HFT), according to the pan-European markets regulator, which has given market participants slightly more than four months to comply with guidelines on computerised trading.

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Tags: ESMA, HFT, High-Frequency Trading

Brussels Backs Off Automated Trades Plan

By Jeremy Grant
Published November 27 2011 Financial Times

European regulators have backed off a proposal that automated traders must stay in the markets quoting prices at all times in a sign that Europe might soften aspects of its clampdown on “high-frequency” trading. The European Commission last month published proposals for a sweeping overhaul of the equities, bonds and derivatives markets in Europe, enshrined in a new version of the Markets in Financial Instruments Directive (Mifid), first enacted in 2007.

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Tags: European Commission, MiFID, High-Frequency Trading

News

All Eyes on Italy's High-Frequency Rules

MEPs Set Date for MiFID II Sign Off

HFT Curbs Could Damage Growth, Study Says

CFTC Moves to Brake High-Speed Traders

An FDA for Derivatives Could Prevent Future Crises

Gensler: Regulators Can’t Assume Algos Are Designed Well

High-speed Trading Rules Loom

Brussels Backs Off Automated Trades Plan

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