Trading is now effectively non-stop, with transactions measured in millionths of a second. Budish, an associate professor of economics at the Booth School of Business, proposes to instead segment trading into thousands of auctions throughout the day.
AlphaMetrix has been in a downward spiral since announcing on Oct. 10 that it was experiencing “significant cash flow issues” in a letter to its commodity pool participants signed by President and CEO Aleks Kins.
The Managed Funds Association (MFA) may be regretting inviting Commodity Customer Coalition (CCC) co-founder James Koutoulas to speak at its recently concluded Forum 2012 conference in Chicago this week.
Intercontinental Exchange Inc., owner of the world’s largest credit-default swap clearinghouse, will petition the U.S. Securities and Exchange Commission to allow asset managers to clear trades in the $26.5 trillion market.