Program Host Chuck Jaffe, winner of numerous awards for business and personal finance journalism, speaks to Bill Harts about the benefits of high frequency trading (HFT) for investors.Read More
This Proposed Rule threatens to erode confidence in our country’s resolve to uphold the regulatory standards that protect the innovation that drives much of our economy. Despite the changes in the proposed rule as listed in the Supplemental, it still grants a government agency the ability to bypass due process to access confidential and highly sensitive trade secrets protected by intellectual property rights. As such, this provision should not be included in the final rule and the subpoena process should remain.
Mark Melin writes that a 2016 SEC Office of Inspector General (OIG) report contains a little-noticed reprimand of an SEC quantitative analyst charged with improperly requesting and downloading confidential computer code to his personal computer.Read More
Tim Cave reports Bill Harts, chief executive of New York-based HFT advocacy group Modern Markets Initiative, said that as a result of the election of Trump, the 2005 equity trading regulation Regulation NMS may be reviewed.Read More
Gregory Meyer and Joe Rennison report the Commodity Futures Trading Commission’s proposal, known as Regulation AT, seeks subpoena-less access to source code as part of its oversight of markets.Read More
Mark Melin reports the CFTC proposed rulemaking changes to issue a “special call” notice to registered participant as opposed to a legal subpoena, when seeking access to the source code of automated traders.Read More
Rebecca Spalding and Eliza Ronalds-Hannon report that on Oct. 15, 2014, benchmark Treasury 10-year yields plunged as much as 34 basis points before reversing direction to finish the day six basis points lower at 2.14 percent.Read More
Benjamin Bain reports Commodity Futures Trading Commission Chairman Timothy Massad said his commission is considering modifying its push for access to computer code after high-speed traders said the effort would be unprecedented and could put the industry’s secret trading formulas at risk.Read More