Hints and tips:
...Axiom Space, co-founded in 2016 by a former ISS programme manager, said it intends to create a space station, but will first attach its own habitable module to the ISS as soon as 2024, having won a $140m...
...French architect Philippe Starck has been hired to design interiors for Axiom, a space operator. Cost aside, a space trip is not to everyone’s taste. The dangers are real, as are the discomforts....
...“The exchanges and HFTs have been extracting billions of dollars from ordinary investors simply because they can,” says Dennis Kelleher, president of Better Markets....
...Since 2016, NYSE has had to compete with IEX, a stock exchange that deliberately slows down HFTs to level the playing field....
...Whereas some HFT firms went silent after the book, Mr Rubenstein has been an outspoken proponent of regulation of his industry to boost investor confidence....
...One can think of a few modern-day comparisons to this axiom... Constituents of this merry band of growth stocks included fizzy tooth-destroyer Coca Cola, computing giant IBM and dream weaver Disney....
...The book alleged that markets were “rigged” for the benefit of HFTs....
...In 2017, for example, aggregate revenues for HFT companies from trading US stocks were on track to fall below $1bn for the first time since at least the financial crisis, down from $7.2bn in 2009, according...
...Critics argue HFTs can seek to use speed along with market data feeds to trade ahead of long-term investors, who see their costs increased....
...We happen to call them HFT now.”...
...Not only do we have HFTs but we also have algos which are much larger. “It’s really the battle of the bots....
...“Brokers are now introducing dynamic algorithms that apply HFT-style strategies in order to reduce costs.”...
...Axiom is trying to close a small round of venture capital....
...As Mr Haraburda says: “If all you’re using is HFT techniques in different venues, you are vulnerable.”...
...Chopper Trading, another HFT group, quit the arms race last year when it sold out to competitor DRW. The Teza payroll expanded from about 45 employees in 2013 to peak at 117 about a year ago....
...They’re owned by a private investment vehicle called TJMT Holdings LLC, essentially an investment vehicle run by his wife Teresa and his son Michael, who hold the voting interest and decide when to sell...
...“However, we cannot say whether this is due to HFTs reacting more rapidly to new information, or to order-flow anticipation,” they said....
...The model has since been mimicked at other HFT firms. Electronic trading platforms are also looking to facilitate a similar style of trading....
...HFT outfits and investment groups that use algorithmic strategies say they have a latticework of different safeguards to prevent ultra-fast computerised strategies from running haywire, which has been further...
...Citadel*, the Chicago hedge fund and high-frequency trader, is buying the market making business of fellow HFT KCG Holdings at the New York Stock Exchange in the latest example of how the face of US equities...
...In addition to GTS and IMC, the DMMs on the floor are HFT firms KCG and Virtu Financial, as well as traditional market makers Brendan E Cryan and J Streicher....
...“As China begins its shift away from dependence on foreign technology (specifically the US), more and more corporations and organisations may be targeted by Axiom.”...
...Regulators are also exploring the role played by HFT in the US Treasury market....
...“In a turbulent period that lasted not more than two weeks, with significant intraday activity, we believe HFT funds could have played a role,” Mr Baltas wrote....
...Mr Surry, who joins from BNP Paribas, will oversee Axiom’s Contingent Capital and European Financial Debt funds from London....
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