Trading Tech Talk 47: Blowing the Whistle on HFT

Trading Tech Talk 47: Blowing the Whistle on HFT

CTO Interview: Today we are joined by Haim Bodek, Managing Principal of Decimus Capital Markets, LLC. Haim founded Trading Machines and is featured in the book Dark Pools. Featured article:

• Vice - What led whistle-blower Haim Bodek to expose the biggest scam on Wall Street?
• He has said Flash Boys misses the mark, what did he mean by that?
• What are his thoughts on IEX? What changes do we need to do to make REG NMS more effective?

Hot Topics: What is buzzing

• Tired of boogeymen portrayals, speed traders take to NYSE floor - Automated traders have an image problem. What better way to address it than to set up shop in one of the most iconic spots in global finance: the floor of the New York Stock Exchange. Citadel Securities and Global Trading Systems LLC recently agreed to buy NYSE floor-trading businesses. How prevalent and profitable are latency arbitrage opportunities on U.S. stock exchanges? This paper provides evidence that high-frequency traders have numerous opportunities to realize profits from latency arbitrage.
• CFTC signals retreat over "source code" repository The US futures regulator has signaled a willingness to back down on controversial proposals allowing it to freely access the source code of high-speed traders, following complaints that it could lead to sensitive intellectual property being revealed.