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Nearly four years after Zero Hedge first suggested an HFT tax should punish algos that "churned" quotes and blasted empty bids and offers to stimulate " momentum ignition " strategies, and generally corrupt market structure in a way that lead to both

At the threshold of September, let's take a quick look at performance of this month in market history. Over the long haul, September has been the weakest of the 12 calendar months. To illustrate the point, I'll use the Dow monthly closes as our proxy

A British exit from the European Union could prompt an exodus of leading foreign banks and undermine London's dominance of the foreign exchange markets, the head of the City of London financial district said in an interview on Tuesday. Prime Minister

Special funds used by big companies to park billions of euros of cash face stricter rules to make them safer, the European Commission said on Wednesday, taking a first step to reform unregulated finance known as shadow banking. The draft law will

While the world was glued to the developments in the Mediterranean in the past week, Poland took a page straight out of Rahm Emanuel's playbook and in order to not let a crisis go to waste, announced quietly that it would transfer to the state -

US Unemployment Claims, Retail sales, PPI and Prelim UoM Consumer Sentiment are the highlights of this week. Check out these events and more, on our weekly outlook. Last week, US Non-Farm Payrolls disappointed with only 169K as employers hired fewer

The German Finance Ministry ruled that Bitcoin is a “unit of account”, and therefore 'mining' them is a form of “money creation”. This means that, like stocks or shares, any profit from them is subject to Germany’s capital gains tax, at 25pc – unless

How close is the Federal Reserve to tapering? Was the central bank having any second thoughts about making a first move at its meeting in September or were they just nailing down the details? Financial markets will be poring over the minutes of the

When it comes to the Federal Reserve's monetary policy meetings (Federal Open Market Committee), most of the important information is published at the end of the meeting in the form of a brief statement . However, ever since Chairman Ben Bernanke

After halting trading for about three hours Thursday afternoon due to a technical glitch, the Nasdaq OMX exchange laid out a plan to resume trading. Trading on Atlantic American (AAME) began first at 3:00 p.m ET, following a 15-minute quote only

Back on July 17, the New York Fed, which as always operates based on the decisions and inputs of its Primary Dealer superiors, asked the Dealer community for their thoughts on the Taper, specifically when and how much. The survey has come back and

Central bankers from around the globe gather later this weekend in Jackson Hole in Wyoming. But for once, the absence of the Federal Reserve chairman means their annual get-together is not likely to spoil the summer holidays of traders on Wall

Spotlight on the economy: Claims, CPI and Philly Fed highlight data flood August 14, 2013, 4:28 PM You could be forgiven for ignoring Thursday’s wave of data and listening to Wal_Mart's earning call instead. But for those who prefer more quantifiable

An eerie calm, after yesterday's dramatic swings, has settled over the capital markets. The US dollar itself is little changed against the major and most emerging market currencies, consolidating yesterday's losses. The selling pressure that took the

A common concern among equity investors cited by Wall Street strategists is that the market is only being propelled higher by the Federal Reserve's quantitative easing program, which has kept financial markets flush with liquidity for the better part

Since hitting a four-year low of $1179 an ounce on June 28, gold has shown some strength, rallying 15% over the past month and a half to current levels around $1360. In a note to clients Thursday titled, "Gold and the Denver play: Gold Shrugs Off the

GBP/USD had another excellent week, as the pound gained close to two cents against the dollar. The pair crossed the 1.56 line for the first time since mid-June and closed the week at 1.5624. This week’s major release is Second Estimate GDP. Here is

U.S. authorities are considering arresting two former JPMorgan Chase & Co employees for their alleged role in masking $6.2 billion "London Whale" losses, according to two people familiar with the situation. In the latest twist in a scandal that has

Somewhat ironically, the "punishment" of Goldman and JPMorgan has boiled down to the punishment, or lack thereof, of two Frenchmen. On one hand, we have Fabrice Tourre, who we are led to believe (laughably so) was solely-responsible for all

Consumers aren't buying discretionary items like clothes right now. So says Macy's CEO Terry Lundgren as the company reported earnings that disappointed Wall Street for the first time in four years today. “Our performance in the period, in part