Trading Tech Talk 49: Hunting Spoofers, Source Code Controversy, API Debate and More
03/31/16 • 51 min
CTO Interview: Today we are joined by Paul Giedraitis, Principal at Neurensic.
They discuss:
- An overview of Paul's background in the trading technology space?
- What is Neurensic?
- What sort of market manipulation can Neurensic's software detect? Spoofing? Layering? Other?
- It is bizarre that an old exploit like spoofing has become such a hot button topic in 2016.
Hot Topics in Tech: What is going on in financial technology?
CFTC signals retreat over 'source code' repository.
- The US futures regulator has signaled a willingness to back down on controversial proposals allowing it to freely access the source code of high-speed traders, following complaints that it could lead to sensitive intellectual property being revealed.
SEC brings new charges over global press release hacking scheme.
- The U.S. Securities and Exchange Commission has charged nine new defendants over what it has called a more than $100 million international scheme to hack into newswires that distribute corporate press releases and to use stolen information to conduct insider trading.
Robots are reading trader chats to stop the next wave of bank fines.
- Robots are automating yet another bank job: the task of sifting through traders’ messages to spot foul play, a process currently carried out by legions of human employees.
Do not give away the store when enabling APIs.
- Application programming interfaces, which have been available but in a limited manner, are used to let different software applications communicate and exchange data with each other.
CTO Interview: Today we are joined by Paul Giedraitis, Principal at Neurensic.
They discuss:
- An overview of Paul's background in the trading technology space?
- What is Neurensic?
- What sort of market manipulation can Neurensic's software detect? Spoofing? Layering? Other?
- It is bizarre that an old exploit like spoofing has become such a hot button topic in 2016.
Hot Topics in Tech: What is going on in financial technology?
CFTC signals retreat over 'source code' repository.
- The US futures regulator has signaled a willingness to back down on controversial proposals allowing it to freely access the source code of high-speed traders, following complaints that it could lead to sensitive intellectual property being revealed.
SEC brings new charges over global press release hacking scheme.
- The U.S. Securities and Exchange Commission has charged nine new defendants over what it has called a more than $100 million international scheme to hack into newswires that distribute corporate press releases and to use stolen information to conduct insider trading.
Robots are reading trader chats to stop the next wave of bank fines.
- Robots are automating yet another bank job: the task of sifting through traders’ messages to spot foul play, a process currently carried out by legions of human employees.
Do not give away the store when enabling APIs.
- Application programming interfaces, which have been available but in a limited manner, are used to let different software applications communicate and exchange data with each other.
Previous Episode
Trading Tech Talk 48: The Dark Art of Real-Time Risk Analysis
CTO Interview: In this segment, Mark and Henry are joined by Alexander Lamb, head of Business Development at the Technancial Company. They discuss:
- Margin calculations, and the behind-the-scenes voodoo
- The Janus margin engine, and real-time margin calculations
- Is real-time risk and margin a response to the new regulatory environment?
- Avoiding latency
- What is the engine driving the machine?
- OTC and the migration to listed options
- Fragmentation and the resulting complexities
- Janus risk management, market surveillance and compliance capacities
- How do they deal with fragmentated data
- Increased precision on timestamps, and the added complexities as a result
- Are there any inklings of systemic risk on the horizon?
The Inbox: Listener questions and comments
- CFTC and SEC can't handle the new era of trading. What about a new cyber-regulator?
- Are the exchanges to blame for the rise of HFT?
Next Episode
Trading Tech Talk 50: If You Cannot Beat Them, Comply Blatantly
Hot Topics in Tech: Today we are joined by guest co-host, Mark Melin from ValueWalk
- Vesel, LLC and Trade Alert, LLC join forces to provide specialized buy side listed options messaging - FinTech Companies will use customized alerting system to notify buy side clients of option trades mirroring their individual Watch List.
- Is IEX battle nearing end as rival exchanges adopt their technology? by Mark Melin - Recent movements by rival exchanges, buttressed by the very public outreach of some firms participating in the IEX debate, have raised the specter that the IEX Exchange could be gaining momentum.
- SEC to delay IEX stock exchange decision until June: reports - Another day, another delay for the upstart "Flash Boys" trading venue that wants to be a stock exchange.
- As an exchange, IEX would not be fair, simple or transparent - Larry Tabb, Tabb Forum.
- The first exchange in the "cloud" - ISE announces first implementation of a securities exchange on Amazon web services cloud computing environment.
- Inside the nondescript building where trillions trade each day - Equinixs NY4 data center in the Secaucus, New Jersey.
- High-speed trading remains risky, by Sal Arnuk and Joseph Saluzzi - Is sponsored academic research a threat to our financial markets or an important innovation that benefits todays investors?
The Inbox: Listener questions and comments
- Question from Angeman - How is HFT impacting the futures markets? Is it as prevalent as in stocks?
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