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Also looking at the L2 data API. I can see that the book update is handled via method calls and each one updates a level on one side of the book. If multiple levels change simultaneously then this is going to create multiple method calls where the book state is only complete once this...

MIB futures were pretty thinly traded anyway. They might as well just turn off the matching engine when this comes into force. On the bright side it should give the rest of Europe something to think about as the negative effects will be pretty obvious. It's also a great opportunity for...

Dunn still seems to be able to make it work http://www.iasg.com/managed-futures/performance?sb=ytdreturn&aummin=10000000

This so called 'one of tax' or opportunist theft as it should be correctly called, just demonstrates how corrupt and bizarre the world of Euro politics has become. Add in the FTT which is effectively a tax on the Euro and it's not hard to see a disaster coming. The FTT will further...

Labour does seem to realise a regional only tax will drive business from London to NYC and the far east and will be very damaging for the UK. They have supported a global tax but I don't think they will support what's being proposed in the EU as it will ultimately be very bad for Britain and for...

Electronic trading in these really took off from 2007. It's quite likely this changed things.

I have a feeling the French will cool off on the idea once the elections are out the way and openly blame Britain for not being able to proceed.

An EU transaction tax is not a done deal. With an unresolved currency crisis and elections in 2012/13 it could well still be overtaken by events, delayed or eventually watered down until it doesn't really affect anyone significantly. The uncertainty from all of this will still be damaging...

At this point this is closing the stable door after the horse has bolted. In the long term I think this agreement will cause problems as soon as events mean that it starts to work strongly against national interests. The problems will keep emerging no matter how hard they try to paper over the...

Is that even news??

No, they have always been that way. They are also both just as keen on looking after their own interests and often against the interests of the UK.

and almost forgot the acts of god! It's nice to know god is on our side. :D

Why so angry?? Market turmoil is good. Market turmoil helps exchanges make money, the brokers make money and most importantly it helps me make money by providing plentiful trading opportunities. I like the ratings agenies, politicians, dictators and crazy people in the world. They are...

Only 45%!!! I'll have to start running a few more strats in these markets.:D

This will mainly hit smaller firms that are bing sponsored in. For anyone with an exchange membership it's business as usual so unlikely to see any real change as a result of this new rule. The exchanges also check orders and will reject stuff that would cause market disruption.

Need to get rid of all the current staff, automate all the trains and bring in the Japanese to run it.

Wallace & Grommit are already looking to corner the market: http://www.telegraph.co.uk/foodanddrink/5000965/Wallace-and-Gromits-favourite-Wensleydale-helps-British-food-exports-surge.html If they don't take over the market I'm sure the French will...

You can set up a hedge fund cheaply but no one will put real money into it unless it is done well. That means, top tier lawyers, administrators, auditors and investment in infrastructure and other services. All of that is expensive but you can do a reasonable job with $500K for startup.

When the support companies spot a new opportunity to jump on they always go for it in a big way. There's going to be a big rush off inexperienced participants in the HFT space bought in and supported by companies that don't have much experience of what is needed. The support companies will make...

The account of what happened seems to be just an opinion and not supported by evidence. Blaming computers for anything that goes wrong has always been popular ploy but it is more likely someone panicked and fat fingered the stock. It looks like a classic fat finger spike. I think the problem...