Did High Frequency Trading Break the NASDAQ Today?
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NASDAQ's (NDAQ) Greifeld Takes to the Airwaves; Says Was Not Hacked, Needs to Improve "Defensive Driving"
August 23, 2013 11:58 AM EDTNASDAQ OMX (NASDAQ: NDAQ) CEO Robert Greifeld made the rounds on financial news networks early Friday, a day after trading on the exchange was halted for over 3-hours on a technical issue. Notably, Greifeld said that despite criticism he was proud of the firm's communication. He also said the company needs to improve its "defensive driving" in an effort to avoid issues at third-parties impacting the exchange. He said the shut-down was not the result of a hack. Greifeld would not lay blame on the NYSE Arca, or others, for the issue.
Below are... More
Following Nasdaq Halt, U.S. Agencies Aim to Clamp Down Further on HFTs
August 23, 2013 8:28 AM EDTWith the Nasdaq crashing for a better portion of the trading day Thursday, you can bet high-frequency traders (HFTs) will be under scrutiny.
The WSJ today notes the the Commodity Futures Trading Commission (CFTC) is joining other regulators like the U.S. Securities and Exchange Commission on creating a road map to curtail... More
