Author: The Progress Team

 "For a charm of powerful trouble,

Like a hell-broth boil and babble

Double, double, toil and trouble,

Fire burn, and caldron bubble."

William Shakespeare.

There is no shortage of news about the evils of high frequency...

Scooby Doo and the gang have been investigating the spooky mystery of the "phantom orders" on CME and they found out that the culprit was... wait...

Strange things are happening in the markets! As you know if you’ve been following this blog, quite a few scares, horrors and apparitions have been sighted in equities, futures, FX and oil markets over the last few months. But fortunately the Mystery Machine has rolled into town and Scooby, Shaggy and...

As regulators continue to look into the causes of the May 6th flash crash, some high frequency trading approaches are coming under scrutiny. In particular the concept of “quote stuffing”, where algorithms send so many orders into the order book that the market cannot possibly respond, has come under...

"And now," cried Max, "let the wild rumpus start!"

— Maurice Sendak: Where the Wild Things Are

It’s not just equities and futures markets where strange stuff happens! An “algo gone wild” was spotted in the oil market (it actually happened earlier this year)...

This is the title of a session being presented at Exchange Online 2010 by Gary Cink on September 15th at 9:45 am. In this presentation, Gary will demonstrate how some of the complimentary Progress' products enhance the...

According to the FT, the Financial Industry Regulatory Association is undertaking a “sweep” of broker-dealers that offer direct market access to high-frequency traders to find out if they have pre-trade risk management controls in place for their algorithmic customers. (Read the full story here:...

Looking for all the world like someone yelled "fire" in a crowded nightclub, prop and quant traders are stampeding out of investment banks and headed for the hedge fund world. Some, mainly the prop traders, are being pushed gently out the door as banks prepare for the Volcker Rule...

Progress Exchange Online Conference is coming to a computer near you, September 14 – 16, 2010. This free virtual forum is the place for sharing ideas, tips and best practices on how to benefit fully from Progress OpenEdge in the cloud. You’ll be joined by OpenEdge users from around the world...