Putting Together the Pieces of the Knight Capital Group Puzzle
Share on StockTwits Long story short, in Seinfeld style: Knight Capital Group ($KCG: no positions) had a huge error Monday morning, yadda yadda yadda, they lost $ 440MM and are scrambling to come up...
View ArticleKnight Asked SEC to Cancel Trades – SEC Did the Right Thing: They Said NO
Share on StockTwits From the WSJ: “…Three hours after a software glitch unleashed a wave of erratic trades on Wednesday, leaving Knight holding at least $4.5 billion worth of securities it hadn’t...
View ArticleThe Actual Details of the Knight Capital Error
Share on StockTwits A few days ago I speculated about the details of Knight’s error unwind with Goldman. I got some things right, some things slightly right, and some things wrong. The WSJ today...
View ArticleOh No – Another Post About High Frequency Trading?
Share on StockTwits HFT is a topic I’ve beaten to death previously on this blog, and also extensively in comment threads on other blogs around the vast confines of the Internet. This morning, I read...
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Will The New York Attorney General Shut Down Seeking Alpha Pro?
Share on StockTwits I mean, I’m just asking that question in the post title, in the wake of the total non-story that is the Reuters distribution of the University of Michigan Consumer Confidence Data....
View ArticleCanceling Erroneous Trades: You’re Asking The Wrong Questions
Share on StockTwits The topic of canceling erroneous trades is not a new one on the pages of this blog. I’ve written about the topic on more than one occasion, most recently with respect to the...
View ArticleHigh Frequency Trading: The Little Guy is the Big Winner
Share on StockTwits I figured it would be worthy to synthesize some High Frequency Trading related thoughts I’ve been discussing on Twitter. Last night I tried, in a few handfuls of tweets, to...
View ArticleDid You Hear About A.G. Schneiderman Going After Barclays’ Dark Pool?
Share on StockTwits Let’s get a few things out of the way right off the bat for those who are new to these pages: I’m not a “shill for high frequency trading.” I’m currently a retail putz who is the...
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Why do Professionals Get Do-Overs – Citadel Edition
Share on StockTwits Themis Trading’s Sal Arnuk forwarded me a copy of this FINRA letter of Acceptance, Waiver and Consent involving Citadel. Let me recap some history and views for new readers: I’m...
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Did You Hear The One About Early Release of SEC Filings?
Share on StockTwits The Wall Street Journal’s Scott Patterson and Ryan Tracy wrote an article yesterday that has sparked a whole new wave of OH MY GOD THIS IS SO UNFAIR rage and ranting in my RSS...
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