MasterFeeds: High frequency trading accounts for 60 per cent of U.S. equity trading, says Reuters

Subscribe in a reader Add to Google Reader or Homepage

Jul 27, 2010

High frequency trading accounts for 60 per cent of U.S. equity trading, says Reuters

High frequency trading accounts for 60 per cent of U.S. equity trading, says Reuters
And the average trade is held for less than 10 seconds.......


 
Pure Trading third again, Asia joins arms trading race


2010-07-19 20:46 ET - Street Wire


by Stockwatch Business Reporter

Pure Trading was the third most active of Canada's alternative trading systems in the week ended July 16, 2010. The leader, once again, was Alpha Trading Systems, which averaged 133.1 million shares per day. In second place was Chi-X Canada, with 34.9 million shares, followed by Pure Trading with 30.2 million shares. In fourth place was dark pool Match Now with 6.8 million, and in last was Omega ATS with 3.9 million shares per day. Combining their volumes, the ATSs accounted for 29.1 per cent of the market.

Alpha will introduce a new trading facility, Alpha IntraSpread, in the fourth quarter of this year. Alpha IntraSpread will offer a pair of new order types that will allow dealers to seek matches within their firm for guaranteed price improvement. Alpha Group chief executive officer Jos Schmitt says Alpha IntraSpread fees will be the lowest of any marketplace in Canada.

The two new orders types are "dark" and "seek dark liquidity." The dark order is fully hidden and will only trade with incoming seek dark liquidity orders. Alpha will cancel any seek dark liquidity order that does not trade immediately.

According to Reuters,
high frequency trading accounts for 60 per cent of U.S. equity trading. Last week, the U.S. Commodity Futures Trading Commission began a series of meetings with exchanges, including equity exchanges, to decide if it should place controls on algorithmic or high frequency traders.

While the U.S. markets could face regulations, many news outlets say Asia is joining what the media has taken to calling the "global trading arms race." Reuters says that currently only 30 per cent of equity trading is high freqency in Tokyo and Singapore, however exchanges in Tokyo, Singapore and Hong Kong are planning upgrades to accommodate high frequency traders from the U.S. and Europe.

Hong Kong Exchanges & Clearing's website say it hopes to increases its order processing speed to 15,000 transactions a second from 3,000 transactions by 2011. Earlier this year, the Tokyo Stock Exchange and Fujitsu introduced their $145-million (U.S.) trading platform called Arrowhead. It executes trades in under five milliseconds. The TSE's website says it is hoping to increase its trading speed further in the next few years. Singapore is also trying to increase trading speeds. Its website says it is building the "world's fastest trading engine," SGX Reach, which it hopes to complete by the beginning of 2011. The SGX says the new $250-million (U.S.) engine will carry out trades in 90 microseconds, which is 55 times faster than Tokyo's Arrowhead.

No comments:

Post a Comment

___________________________________
Commented on The MasterFeeds

ShareThis


The MasterFeeds

MasterSearch

Categories

MasterFeeds News Finance china USA money stocks debt Commodities United States Gold Venezuela Dollars bonds Markets economics trading Banks FED Hedge funds Asia LatAm Oil default Israel credit metals Mining international relations russia central_banks CapitalMarkets HFT democracy zerohedge Euro Silver elections India Iran Japan Middle East SEC bailout Africa Europe Liberalism insider trading Agriculture FX Tech Trade UN VC bitcoin copper corruption real estate Brazil CoronaVirus ForEx Gold Silver NYSE WeWork chavez food Abu Dhabi Arabs EU Facebook France Hamas IPO Maduro SWF TARP Trump Turkey canada goldman government recession revolution war Cannabis Capitalism Citigroup Democrats EIA Hezbollah Jobs Lebanon NASDAQ NYC PDVSA Palestinians Saudi Arabia Softbank Stats Syria Ukraine demographics ponzi socialism 13F AIG Advertising Berkshire Hathaway CBO Cargill Colombia Cryptocurrency ETF Ecuador Emerging Markets Eton Park Google Housing IMF LME Mindich Mongolia OPEC PIIGS Pakistan Palantir Paulson Pensions Peru Politics Potash QE Scams Singapore Spain UK Yuan blockchain companies crash cybersecurity data freedom humor islam kleptocracy nuclear propaganda social networks startups terrorism Airlines Andorra Angola Anti-Israel Apple Automobiles BAC BHP Blackstone COMEX Caracas Coal Communism Crypto DRC DSK Double-Dip EOS Egypt FT Fannie Mae Form Foxconn Freddie GM Gbagbo History ICO Iraq Italy Ivanhoe Ivory Coast JPM Juan Guaido Lava Jato Libya London M+A MasterEnergy Mc Donald's Miami Mugabe Norway Norwegian Odebrecht Oyo PA PPT Panama QE2 Republicans Rio Ron Paul ShengNu Soleimani South Africa Tokens Tunisia UN Watch UNESCO UNHRC Uber VW Wyclef anti-semitism apparel bang dae-ho cash censorship chile clothing coffee cotton derivatives emplyment foreclosures frontrunning haiti infrastructure labor levi's mortgages philosophy shipping social media treasury women