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Download this reportExchanges, Trading and Clearing
Inside this issue
• Competition is loosening control of markets
• Speed may not be the problem in high-frequency trading
• Uncertainty over detail of reforms remain - -
Content
Industry in the midst of a maelstrom
Uncertainty over reforms is not stopping a brisk trade in clearing
Book review: History of ‘plumbing’ offers salutary lessons
With his fondness for cigars, flowers and a pet monkey, Caesar Czarnikow cut an unusual figure in 19th century London
Short contracts: Weeklys drive options volumes growth
A record year is in prospect but there are some concerns
Reforms: Regulators and industry unsure about rules
Uncertainty about the reach of Dodd-Frank leaves traders feeling unprepared
Asia: Competition helps to reduce barriers
When Chi-X, the alternative trading platform, begins dealing in Australian shares this autumn, traders will for the first time have a choice of exchanges
Q&A: Technology sales turn a healthy profit for US exchange
Jeremy Grant talks to Lars Ottersgard, head of market technology at Nasdaq OMX
High-frequency trading: Speed will not always bring a bonanza
There is little to be gained from an overly busy market
Profile: Making sense of a million megabytes
In the leafy Chicago suburb of Winnetka, a shingle bearing the name “Nanex” hangs on a heavy wooden door
Research: Academics determine that just being swift is not risky
For at least a year, debate has raged about high-frequency trading (HFT). Has it benefited markets, or does it pose dangers? Opinions remain divided
Trade repositories: Divisions over audit trails as G20 deadline approaches
Global regulators have pushed for the seemingly innocuous idea of collating more data on trades
