The Kyte Group Goes Live with AlgoSpan
Futures commission merchant The Kite Group is tapping AlgoSpan for low-latency infrastructure and access to European exchanges/MTFs, to meet the demands of HFT clients and hedge funds.
Open Letter to Mary Jo White
Themis Trading's letter to Mary Jo White asks the SEC Chairman nominee to consider regulating dark pools, changing the SRO rule-making process and banning payment for order flow at all levels.
ICE Would Weigh Euronext Sale for Right Offer
IntercontinentalExchange would consider selling Euronext as an alternative to floating it if bids for the European stock market emerge during ICE's planned $8.2 billion takeover of NYSE Euronext.
BATS Glitch is Latest to Highlight the Complexity of the Markets
The complexity of modern
markets means there are bound to be more events such as the
systems error that led to hundreds of thousands of trades being
executed improperly on BATS Global Markets over the past four
years, the head of the No. 3 U.S. equities exchange said on
World Shares Hit Highest Since July 2011
World shares hit their highest level since July 2011 on Wednesday after U.S. markets jumped sharply in response to the deal to prevent a fiscal crunch from sending the giant economy back into recession.