High-Frequency Trading: News Articles
Last updated March 2016
Bernard Goyder & Tim Cave, Navinder Sarao Faces U.S. Extradition, WALL STREET JOURNAL (Mar. 23, 2016) (reporting that a United Kingdom judge has sided with the United States in that Mr. Sarao, the London-based traded alleged to have contributed to the 'Flash Crash' of May 6, 2010, should be sent to the U.S. to face the criminal charges filed against him there).
Suzanne Barlyin & Ankit Ajmera, Wall St. Watchdog Homes in on High-Frequency Trades to Combat Spoofing, REUTERS (Jan. 5, 2016) (reporting that FINRA will be heightening its focus on the internal controls high-frequency traders have to protect their systems from unscrupulous traders seeking to manipulate markets).
Aruna Viswanatha, Bradley Hope, & Jenny Strasburg, 'Flash Crash' Charges Filed, WALL STREET JOURNAL (Apr. 21, 2015) (reporting that Navinder Sarao has been charged with spoofing and manipulation with respect to a stock-market index futures contract that mimics the movement of the S&P 500).
Del Quentin Wilber, Keri Geiger & Patricia Hurtado, Holder Vows High-Speed Trading Probe to Protect Markets, BLOOMBERG (Apr. 4, 2014) (reporting U.S. Attorney General Eric Holder’s intention to investigate whether high frequency trading violates relevant securities fraud and insider trading laws).
Douwe Miedema, U.S. Futures Regulator CFTC Probing Speed Traders, REUTERS (Apr. 3, 2014) (reporting that the CFTC is investigating high frequency trading activity to determine whether certain practices meet “the definition of manipulative activity under [the CFTC’s] statute”).
Sarah N. Lynch & Karen Freifeld, SEC Chair Discusses Probes into High-Speed Trading, REUTERS (Apr. 1, 2014) (reporting SEC Chair White’s statement to Congress that the SEC is investigating possible wrongdoing by high frequency traders and other equity market structure issues).
Keri Geiger & Patricia Hurtado, FBI Seeks Help From High-Frequency Traders to Find Abuses, BLOOMBERG (Apr. 1, 2014) (reporting the FBI’s open solicitation to traders and stock-exchange workers to provide information in connection with potential insider trading and market manipulation by high frequency trading, premised on HFTs’ alleged access to non-public information and alleged front-running of institutional investors).
60 Minutes: Rigged, CBS Television Broadcast (Mar. 30, 2014) (exploring, with author Michael Lewis, Lewis’s arguments concerning the practices and utility of high frequency traders in U.S. equity markets contained in Lewis’s book FLASH BOYS: A WALL STREET REVOLT).
Jenny Strasburg, Rapid-Fire Traders' Big Fear: Themselves, The Wall Street Journal (Oct. 1, 2012) (pointing out that high-frequency traders and heavily computer-reliant trading venues are increasingly in favor of additional industry-wide safeguards against computer-based trading problems)
Jenny Strasburg & Scott Patterson, Exchanges Catch Heat on Hill Over High-Speed Trading, The Wall Street Journal (Sept. 21, 2012) (summarizing the Senate Banking subcommittee hearing on increasingly sophisticated trading with a focus on the issue of increased speed of trading)
Jenny Strasburg and Telis Demos, Knight Held $7 Billion of Stocks Due to Glitch, The Wall Street Journal (Aug. 13, 2012) (reporting that Knight Capital Group Inc. held approximately $7 billion of stock that it purchased on a very brief, computer-driven buying spree and that the market maker's overly long position caused it to have to sell the oversupply at a discount, causing a loss of approximately $440 million)
Nathaniel Popper, On Wall Street, the Rising Cost of Faster Trades, The New York Times (Aug. 13, 2012) (questioning whether recent changes that increase the speed of trading are providing diminishing or even no benefit to investors while leading to increased risk for investors and capital markets more broadly)
Andrew Ackerman & Scott Patterson, After Knight Loss, SEC Looks to Tighten Trading Controls, The Wall Street Journal (Aug. 7, 2012) (reporting that, following a few prominent computer-related trading debacles, the SEC is considering tightening rules that regulate computer-based trading—including consideration of whether to adopt a measure requiring that exchanges and trading venues test for computer glitches and perhaps certify compliance with testing standards)
David Benoit, SEC's Schapiro: Knight Capital Event 'Unacceptable', The Wall Street Journal, Deal Journal (Aug. 3, 2012) (briefing blogging about Chairman Schapiro's initial reaction to the Knight Capital Group Inc.'s computer-driven trading error and mentioning proposed market structure changes that may have mitigated the error)
Graham Bowley, Fast Traders, in Spotlight, Battle Rules, The New York Times (July 17, 2011) (highlighting the emergence of high-frequency traders who serve as market makers and noting that they have formed an industry trade group and focused on lobbying efforts due to the increasing scrutiny of their business by the Congress, the SEC, and the public)
Christopher Lawton & Andreas Kissler, Germany to Tap Brakes on High-Speed Trading, The Wall Street Journal (Sept. 26, 2010) (reporting on a bill pending in the German legislature that would significantly increase the regulation of high-frequency trading, including through mandatory delays and trader registration)
Graham Bowley and Edward Wyatt, Computer Trades Are Focus in Wall Street Plunge, The New York Times (May 9, 2010) (providing early speculation as to the causes of the May 6, 2010 Flash Crash)