BATS Global Markets launched EDGX Options on Monday, the company’s second options market, which has a different pricing model from the company’s existing BZX Options market, designed to attract a different segment of options trading.
High-speed trading profits have been trending down for years, knocking off Chicago’s small traders along the way. Now the city’s midtier firms are feeling the squeeze.
Two years after going to authorities with what he claims to be one of the largest heists in Wall Street history, Haim Bodek was practically blackballed. Dubbed by the Russian media as “the Edward Snowden of finance,” Bodek was wondering how he’d support his wife and kids as he awaited the SEC investigations.
A recent research paper, High frequency trading and extreme price movements, takes issue with allegations that HFT causes and amplifies price jumps, consequently harming market stability.
Most HFTs firms have dozens (if not hundreds) of special order types at their disposal. But there is a tool that traders can use to decrease the amount of HFT “gaming” their orders suffer.