Tag: Knight Capital

SEC Approves Rules to Strengthen Stock Markets Technology

SEC Approves Rules to Strengthen Stock Markets Technology

The Securities and Exchange Commission (SEC) approved new rules intended to strengthen the technology infrastructure of the stock markets on Wednesday. The commissioners voted unanimously to adopt Regulation Systems Compliance and Integrity (Regulation SCI). The regulation requires certain market participants […]

Knight Capital Settles SEC for $12 Million

Knight Capital Settles SEC for $12 Million

Knight Capital Americas LLC agreed to pay a penalty of $12 million to settle the charges filed by the Securities and Exchange Commission (SEC) related to violating market access rules related to the company’s trading incident that disrupted the markets […]

Italy Becomes First Country to Tax On HFT

Italy Becomes First Country to Tax On HFT

The Italian government has decided this week to blaze a trail in the regulation of high frequency trading by approving a tax aimed at curbing the super fast computers which all too often lead to a variety of mishaps. The first-of-its-kind tax of .02% […]

Goldman Sachs: Officially Above the Law

Goldman Sachs: Officially Above the Law

By Philippe Herlin – Researcher in finance / Contributor to Goldbroker.com Now it’s clear, and we got proof, even though we sort of knew already : Goldman Sachs Group Inc (NYSE:GS) is above the law. On August 20th, this prestigious business bank is stung with a […]

Knight Capital CEO Tom Joyce Quitting

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that Knight Capital CEO Tom Joyce has officially quit the firm. Gasparino says Joyce has made the announcement in a “letter to friends.” Excerpts from the report are below. On Knight […]

RGM Advisors And Allston Trading In Merger Talks

RGM Advisors And Allston Trading In Merger Talks

RGM Advisors LLC and Allston Trading LLC are in early merger talks, people familiar with the matter told Jacob Bunge of the Wall Street Journal. A slowdown in trading opportunities has prompted the high-frequency trading giants to cut expenses and […]