HFT

SEC Chair Mary Jo White To Quit With End Of Obama's Term

The first casualty of the Obama "transition" is now known: SEC chair Mary Jo White, under whose watch the market became an momentum-igniting, stop hunting mess thanks to the limitless proliferation of HFTs, whose lobby had succeeded in thoroughly penetrating and capturing the market regulator, is leaving at the end of the Obama administration.

Morgan Stanley Finds OPEC Jawboning Peaks At Times Of High Oil Shorts, Low Liquidity

"The group has repeatedly made bullish announcements about OPEC intervention during periods of low liquidity (e.g. US holidays), and whenever short positions become large. If prices continue to slip, the chances for bullish OPEC headlines grow, which could lift prices briefly even if there is no follow through." - Morgan Stanley

JPM Explains How HFTs Caused Friday's Sterling Flash Crash

"The advent of non-bank liquidity providers such as HFTs has reduced bid ask spread and increased market efficiency in FX markets, but at the cost of lower market depth and withdrawal of liquidity provision in periods of stress."

BofA Fined $12.5 Million For Creating At Least 15 Mini "Flash Crashes"

The SEC announced that BofA/Merrill Lynch agreed to pay a $12.5 million penalty for "maintaining ineffective trading controls" that failed to prevent erroneous orders from being sent to the markets and causing at least 15 mini-flash crashes between 2012 and 2014.

Yellen To Wall St: It's Christmas In September So Buy, Buy, Buy!

"I’m now firmly in the camp that not only will the Fed not raise this year – they may not raise again for years. For they are not only “painted into a corner” via their own misdoings – they are chained there by Wall Street. They’ve missed the window..."

The SEC's Former Top "HFT Expert" Joins HFT Titan Citadel

April 2015, Zero Hedge: "Gregg Berman will find a hospitable and well-paid position after spending 6 years defending the well-paying HFTs lobby. In all likelihood Berman will join the NY Fed's shadow trading desk and the world's most leveraged hedge fund, Citadel itself."
September 2016, WSJ: "Gregg Berman joins Citaldel."