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    High frequency trading

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    • Monday, 13 November, 2023
      Inside BusinessJonathan Guthrie
      The real regulatory risk highlighted by a booming US Treasury arbitrage

      Basis trade shows challenge for watchdogs is to understand hedge funds and prime brokers as symbiotic organisms

      Ken Griffin, chief executive and founder of Citadel
    • Wednesday, 13 September, 2023
      ChatGPT should do your earnings calls

      Machine-on-machine games

    • Tuesday, 12 September, 2023
      Virtu Financial Inc
      SEC accuses Virtu of failing to protect client trade information

      Lawsuit says market maker’s flawed system gave proprietary traders ‘nearly unfettered access’ to material data

      Virtu sign on a building
    • Wednesday, 26 July, 2023
      Big traders Virtu and Citadel Securities hit by market slowdown

      Activity subsided in second quarter amid investors’ concern over banking turmoil

      A montage of a man speaking on a phone and the logos of Virtu Financial and Citadel Securities
    • Thursday, 30 March, 2023
      Sovereign debt
      How wild was Treasury trading this month?

      VERY

    • Wednesday, 25 January, 2023
      Exchange traded funds
      Off-exchange traded funds

      The lit liquidity erosion

    • Thursday, 1 December, 2022
      US equities
      Cancer drug company accuses US market makers of stock spoofing

      Northwest Biotherapeutics claims Citadel Securities, Virtu and others drove down its share price

      A technician in a Northwest Biotherapeutics laboratory
    • Wednesday, 14 September, 2022
      US Treasury bonds
      SEC backs fresh push to shore up $24tn Treasury market

      US regulator supports new rules to help increase resiliency in a market that underpins global financial system

      The SEC headquarters in Washington DC
    • Thursday, 18 August, 2022
      Citadel LLC
      Ken Griffin’s Citadel Securities borrows $600mn as trading revenues surge

      Lenders line up to provide financing after volatility spurs profit gains for US equities trading house

      Ken Griffin, founder and chief executive of Citadel, at the Milken Institute’s conference in 2019
    • Thursday, 30 June, 2022
      US Treasury bonds
      Treasury market reforms draw flak from funds and high-speed traders

      SEC proposal requiring dealer registration would increase capital requirements and scrutiny

      The US Treasury Building in Washington DC
    • Wednesday, 8 June, 2022
      US financial regulation
      SEC chief launches review of ‘uneven’ US equities market

      Gary Gensler’s plan to ‘do better for retail investors’ draws fire from brokers and trading firms

      Securities and Exchange Commission chair Gary Gensler
    • Monday, 28 March, 2022
      US Treasury bonds
      SEC moves to unmask high-speed traders in Treasury bond market

      Principal trading firms would be forced to disclose positions and activity in $21tn industry

    • Friday, 4 February, 2022
      Markets volatility
      Traders struggle to transact shares in volatile US stock market

      Gap between buying and selling prices widens as ‘liquidity has dried up’

      Traders at the New York Stock Exchange
    • Monday, 4 October, 2021
      Retail trading
      Citadel Securities founder ‘quite fine’ with ending payment for order flow

      Kenneth Griffin says a ban on the controversial practice would cut costs for the market maker

    • Friday, 10 September, 2021
      UnhedgedRobert Armstrong
      Junk yields are junky Premium content

      And who cares about payment for order flow?

    • Friday, 11 June, 2021
      News in-depthTrading technology
      Market veterans mourn slow death of historic trading pits

      London’s metals trading ‘Ring’ lives on while Covid-19 hastens market modernisation

      A file photo dated 19 October, 1987 shows a trader on the New York Stock Exchange shouting orders as stocks were devastated during one of the most frantic days in the exchange’s history
    • Thursday, 11 February, 2021
      Virtu Financial Inc
      Virtu boss defends payment for order flow after Reddit frenzy

      Market makers’ relationship with online brokers has come under scrutiny

    • Monday, 23 March, 2020
      LexVirtu Financial Inc
      Virtu/high-frequency trading: hockey stick recovery Premium content

      Florida Panthers owner’s average daily trading profits are rocketing higher on volatility

      A NHL hockey game between Florida Panthers and St Louis Blues on March 9. While other businesses are shuttering, Florida Panthers's owner Virtu is on the hunt for more growth capital.
    • Tuesday, 11 February, 2020
      Markets InsightPhilip Stafford
      No easy answers to stock markets’ last-minute rush

      Today’s trading patterns reflect shifts that will be hard to reverse

      French regulator AMF found last June that 41% of trading volumes of CAC 40 stocks happened during the closing auction on Euronext Paris
    • Monday, 27 January, 2020
      FCA researchers outline $5bn ‘tax’ imposed by high-speed trading

      Paper released by UK regulators homes in on tactic known as latency arbitrage

      Close-up computer screen with trading platform window. Multiple exposure photo.
    • Wednesday, 22 January, 2020
      News in-depthThe Big Read
      The new kings of the bond market

      The surge in exchange traded funds and portfolio trading is shaking up US fixed income, putting pressure on banks 

      Matheus Lara M. Pereira in his office at Flow Traders in New York, New York on Janurary 21st 2020. Monique Jaques for the FT
    • Friday, 17 January, 2020
      Traders brace for reform of US economic data releases

      Banning computers from ‘lock-ups’ forces rethink on how markets respond

      A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Feb. 3, 2017. U.S. stocks advanced Friday after Labor Department data showed U.S. employers added the most workers in four months. Photographer: Michael Nagle/Bloomberg
    • Friday, 20 December, 2019
      Cyber Security
      Bank of England audio-feed dispute draws in investment banks

      FCA investigates broadcasts as big lenders look at whether their traders had access

      The registered office for Statisma Group Holdings
    • Friday, 20 December, 2019
      Bank of England
      Bank of England slip-up shines light on traders’ rapid-fire audio news

      Cottage industry in focus after allegations of inappropriate use of backups

      The registered office for Statisma Group Holdings
    • Thursday, 19 December, 2019
      LexBank of England
      BoE data leak: Old Shady of Threadneedle St Premium content

      The spectacle of flash boys running rings round Old Lady would be a dispiriting one

      Bank of England
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