Finance v Physics: Even ‘Flash Boys’ Can’t Go Faster than Light

Top Headlines

Finance v Physics: Even ‘Flash Boys’ Can’t Go Faster than Light – Financial Times

Five years ago, Michael Lewis’ book Flash Boys described finance houses’ efforts to whizz data ever faster between Chicago and New York in a battle to grab a millisecond edge over each other. It was head-spinning stuff – not least because those millisecond margins were what enabled the traders to make profits. But today this picture looks almost tame, according to Donald Mackenzie, a finance and sociology professor at the University of Edinburgh.

Read More

GFXC Survey Confirms Increased Code Adoption, But Work Still Required

Top Headlines

GFXC Survey Confirms Increased Code Adoption, But Work Still Required – Profit & Loss

The 2018 FX Global Code Survey results have been released and while, expectedly, the last year saw significantly increased adoption rates amongst firms, there are areas of potential concern for proponents of the Code.

Read More

Europe’s Traders Throw in the Towel in Race with Wall Street

Top Headlines

Europe’s Traders Throw in the Towel in Race with Wall Street – Bloomberg

A decade after the financial crisis, firms that had spent years pursuing the US heavyweights are cutting jobs and allocating less capital to the business of trading securities. They’re all but throwing in the towel on a key piece of investment banking after yet another year in which their trading divisions failed to keep up with their American rivals.

Read More

The Unanswered Brexit Questions for Traders

Top Headlines

The Unanswered Brexit Questions for Traders – Financial Times

This month regulators responsible for capital markets spanning both the EU and the UK have signed agreements on data-sharing and surveillance for trading and clearing. However, brokers, banks and investors remain anxious for guidance on what will happen to some key areas of trading should Britain leave the EU on March 29 without an agreement.

Read More