A new FX platform built by inter-dealer broker Tradition and backed by 11 major global banks aims to remove the competitive advantage of low-latency trading in FX.
Securities market regulators are beginning to clamp down on market abuse linked to complex high-frequency trading strategies – but there is much more to be done, according to a new report by financial consultancy Kinetic Partners.
Regulators in the US and Europe are stepping up investigations into dark pool activity, market abuse and manipulation of financial benchmarks following a spate of damaging incidents in recent months. Tougher regulatory oversight could have a significant impact on all three areas, according to a new report by financial services technology provider SunGard.
The imposition of an £8 million fine against defunct Canadian day trading firm Swift Trade earlier this week illustrates the potential for abusive strategies that distort markets – and the need for a new approach from regulators, according to Matthew Coupe, director of regulation and market structure at NICE Actimize.
ABN AMRO Clearing has chosen tools from Nasdaq OMX to help it prevent market abuse in equity, derivative and commodity markets in Europe, Asia Pacific and the US.