Articles related to Automated and Algorithmic Trading from current and previous issues of Automated Trader magazine.

Click one of the recent issue covers below to see these articles by the issue they appeared in.


  • Automated Trader Magazine Issue 18 Q3 2010
  • Automated Trader Magazine Issue 17 Q2 2010
  • Automated Trader Magazine Issue 16 Q1 2010
  • Automated Trader Magazine Issue 15 Q4 2009
  • Automated Trader Magazine Issue 14 Q3 2009
  • Automated Trader Magazine Issue 13 Q2 2009
  • Automated Trader Magazine Issue 12 Q1 2009
  • Automated Trader Magazine Issue 11 Q4 2008
  • Automated Trader Magazine Issue 10 Q3 2008
  • Automated Trader Magazine Issue 09 Q2 2008
  • Automated Trader Magazine Issue 08 Q1 2008
  • Automated Trader Magazine Issue 07 October 2007
  • Automated Trader Magazine Issue 06 July 2007
  • Automated Trader Magazine Issue 05 April 2007
  • Automated Trader Magazine Issue 04 January 2007
  • Automated Trader Magazine Issue 03 October 2006
  • Automated Trader Magazine Issue 02 July 2006
  • risk Flash Crash & Systemic risk interview: Diana Chan, Chief Executive Officer of EuroCCP Flash Crash & Systemic risk interview: Diana Chan, Chief Executive Officer of EuroCCP

    SUBSCRIBERS ONLY - none - The so-called ‘flash crash’ on 6 May 2010 briefly wiped $1 trillion off US market capitalisation, and caused no shortage of heated debate and finger pointing.  Bob Giffords, independent banking and technology analyst, talks to Diana Chan of EuroCCP. full story

  • Flash Crash & Systemic risk interview: Bob Fuller, non-executive director of Fixnetix Flash Crash & Systemic risk interview: Bob Fuller, non-executive director of Fixnetix

    SUBSCRIBERS ONLY - none - The so-called ‘flash crash’ on 6 May 2010 briefly wiped $1 trillion off US market capitalisation, and caused no shortage of heated debate and finger pointing.  Bob Giffords, independent banking and technology analyst, talks to Bob Fuller of Fixnetix.   full story

  • Flash Crash & Systemic risk interview: Hirander Misra, co-founder and chief executive of Algo Technologies Flash Crash & Systemic risk interview: Hirander Misra, co-founder and chief executive of Algo Technologies

    SUBSCRIBERS ONLY - none - The so-called ‘flash crash’ on 6 May 2010 briefly wiped $1 trillion off US market capitalisation, and caused no shortage of heated debate and finger pointing.  Bob Giffords, independent banking and technology analyst, talks to Hirander Misra of Algo Technologies.   full story

  • Flash Crash & Systemic risk interview: Richard Balarkas, President and CEO of Instinet Europe Flash Crash & Systemic risk interview: Richard Balarkas, President and CEO of Instinet Europe

    SUBSCRIBERS ONLY - none - The so-called ‘flash crash’ on 6 May 2010 briefly wiped $1 trillion off US market capitalisation, and caused no shortage of heated debate and finger pointing.  Bob Giffords, independent banking and technology analyst, talks to Richard Balarkas of Instinet Europe.   full story

  • Focus: Flash Crash and systemic risk - analysis and observations Focus: Flash Crash and systemic risk - analysis and observations

    FREE ARTICLE - none - Systemic risk and the 'Flash Crash'...analysis, discussion and conclusions full story

  • Flash Crash & Systemic risk interview: Andrew Morgan, Head of Autobahn Equity Europe at Deutsche Bank Flash Crash & Systemic risk interview: Andrew Morgan, Head of Autobahn Equity Europe at Deutsche Bank

    SUBSCRIBERS ONLY - none - The so-called ‘flash crash’ on 6 May 2010 briefly wiped $1 trillion off US market capitalisation, and caused no shortage of heated debate and finger pointing.  Bob Giffords, independent banking and technology analyst, talks to Andrew Morgan of Equity Europe at Deutsche Bank. full story

  • timestamping What time do you call that? What time do you call that?

    SUBSCRIBERS ONLY - none - Sub-microsecond latency is only impressive if you’re sure all your server clocks are showing the right time. Victor Yodaiken, CEO of FSMLabs, brings us up to date with the latest developments in network-wide clock-watching. full story

  • risk What just happened? What just happened?

    SUBSCRIBERS ONLY - Issue 18 Q3 2010 - There’s high-frequency trading, and now there’s high-frequency crashing. But identifying the causes of the 6th May 2010 ‘flash crash’ has proved to be a relatively slow process. Bob Giffords goes in search of causes, outcomes, explanations and lessons to be learned.   full story

  • Anatomy of a Crash Anatomy of a Crash

    SUBSCRIBERS ONLY - Issue 18 Q3 2010 - Drawing on official documents and news reports, Bob Giffords charts the course of one day’s trading in New York.   full story

  • first people Let’s do hunch! Let’s do hunch!

    SUBSCRIBERS ONLY - Issue 18 Q3 2010 - What is the ideal relationship between programmers and traders? How can the two sides work most effectively together to achieve the optimum result? Automated Trader’s David Dungay spoke to Dr. Yang Wang of Chiron Investment LLP about ideas, expectations, outcomes – and programming traders’ hunches.   full story

  • quantitive trading Tall dark strategy? Tall dark strategy?

    SUBSCRIBERS ONLY - Issue 18 Q3 2010 -   What does the future hold for quant traders? Stuart Farr, President of Deltix, looks into the very long term.   full story

  • exchange views Everything you ever wanted to know about SGX... but were afraid to ask. Everything you ever wanted to know about SGX... but were afraid to ask.

    SUBSCRIBERS ONLY - Issue 18 Q3 2010 - Recent months have seen Singapore Exchange (SGX) making a raft of announcements relevant to Automated Trader readers. New colocation services, upgraded technology infrastructure, commodity cross listings – you name it and SGX seems to be doing it. Andy Webb, Automated Trader’s Founder caught up recently with Bob Caisley, Head of IT & Chief Information Officer and Rama Pillai, Head of Intermediaries and Market Access SGX, to get a little more detail on this flurry of activity. full story

  • my machine The Automated Trader Interview The Automated Trader Interview

    SUBSCRIBERS ONLY - Issue 18 Q3 2010 - Stephane Coquillaud is a relative newcomer to algo trading with a long background in exotic option trading and risk management. He algo-trades G5 Forex currencies for Toronto Dominion Bank Securities (TD Securities), using a market-model concept and artificial intelligence techniques. In this time of heightened anxiety about market and wider risk, not to mention regulation, how does Stephane Coquillaud navigate the complexities of the currency markets, and what technology does he iuse to do it? Larry Levy, Automated Trader’s globetrotting Head of Photography, went to meet him at TD Securities’ very new London headquarters, at Number Sixty Threadneedle Street, to find out. full story

  • cover story There goes the neighbourhood There goes the neighbourhood

    SUBSCRIBERS ONLY - Issue 18 Q3 2010 - It’s open season on hedge-fund managers and high-frequency traders in Europe and the USA. Legislators on both sides of the pond are voting on new rules to redefine the traditional relationship between risk and reward – expect a legalese version of: don’t take the risks because we’re going to deny you the rewards. Much of this is necessary work – after all, we don’t want those naughty defaulting mid-western mortgage holders bringing down the financial system again, do we? But some of it looks more like political grandstanding than enlightened policy-making, and some of it seems downright unhelpful. Automated Trader’s Editor, William Essex, considers the possible unintended consequences of the current transatlantic regulation-fest, and wonders whether we might all be better turning up for work – somewhere else. full story

  • sponsored articles ETFs: Use the Right Tool! ETFs: Use the Right Tool!

    FREE ARTICLE - Issue 18 Q3 2010 - Planning to trade ETFs with ordinary stock algos? Don’t. While ETFs may be marketed as a basket of securities that are as tradable as their individual constituents, their actual trading behaviour is very different. Gary Stone, Director of Trading Research and Strategy and Ron Taur, Head of Algorithmic Trading, at Bloomberg Tradebook explain the difference in cold hard numbers. full story

  • risk Happy-Hour Trading Happy-Hour Trading

    SUBSCRIBERS ONLY - Issue 18 Q3 2010 - “Another double whisky, two packets of crisps, and seven million barrels of oil, please.” And do have a barrel for yourself. Automated Trader’s Editor, William Essex, rounds off our section on risk with a quick look at a no-tech, uncomplicated, very, very simple question that nobody has ever been able to solve. full story

  • trade shows Return of the IT spenders Return of the IT spenders

    SUBSCRIBERS ONLY - Issue 18 Q3 2010 - There’ll be IT spending aplenty next year, says Automated Trader CEO John Howard, returning from this year’s strikingly optimistic show in New York. full story

  • surveys What did you say you were doing? What did you say you were doing?

    SUBSCRIBERS ONLY - Issue 18 Q3 2010 - Our global survey of algorithmic and high-frequency trading, conducted online through April and May 2010, has given us a fascinating insight into industry trends and best practice. Here, Bob Giffords presents his detailed analysis of the data. full story

  • location location location My kind of town? My kind of town?

    SUBSCRIBERS ONLY - Issue 18 Q3 2010 - Basildon, Slough, Mahwah, Weehawken … When you’re chasing liquidity, it pays to site yourself in the right part of town. Bob Giffords weighs up the factors driving change in the trading landscapes of Europe and beyond. full story

  • anatomy of an algo Against All the Odds Against All the Odds

    SUBSCRIBERS ONLY - Issue 18 Q3 2010 - Kevin Twitchen, global head of algorithmic trading at Morgan Stanley, tracks the use of a non-displayed, opportunistic, non-schedule-based algorithm to dispose of a substantial position in France Telecom during an extremely challenging trading session that coincided with a bank holiday in the UK. full story


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