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Wait Til Bots Are Pricing Gas At The Pump

March 15, 2012 by CalConfidence   Comments (0)

With a majority of people bitching about the identifiable price of gas, imagine if this program ran at the pump.  What do you think your receipt would say you paid per gallon?  The red dots are the Best Asking price. (h/t @BadAlgo)

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Dodd Frank: How Will the Rule Impact Swaps and Derivatives in Europe?

March 15, 2012 by mikeohara   Comments (0)

The Dodd Frank rule will have a significant effect on the European swaps and derivatives market, alongside other regulation that will cause many businesses to alter their operations.

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Trading Technologies Releases Milestone Platform Upgrade

March 15, 2012 by mikeohara   Comments (0)

CHICAGO and BOCA RATON, March 14, 2012 – Trading Technologies International, Inc. (TT), a leading global provider of software and solutions for professional derivatives traders, today released a groundbreaking upgrade to the TT trading platform, including the flagship X_TRADER order-entry screen and the Strategy Engine (SE) proximity-based execution servers.

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Researchers send 'wireless' message using neutrinos [PhysOrg.com]

March 15, 2012 by mikeohara   Comments (0)

A group of scientists led by researchers from the University of Rochester and North Carolina State University have for the first time sent a message using a beam of neutrinos – nearly massless particles that travel at almost the speed of light. The message was sent through 240 meters of stone and said simply, "Neutrino."

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Reserve Bank of India Holds Repo Rate at 8.50%

March 15, 2012 by CentralBankNews   Comments (0)

The Reserve Bank of India [RBI] held its repo rate at 8.50% and reverse repo rate at 7.50%, Bank Rate at 9.50% and Cash Reserve Ratio (CRR) at 4.75%.  The RBI said: "Recent growth-inflation dynamics have prompted the Reserve Bank to indicate that no further tightening is required and that future actions will be towards lowering the rates. However, notwithstanding the deceleration in growth, inflation risks remain, which will influence both the timing and magnitude of future rate actions."


The Reserve Bank of India previously cut the CRR by 75 basis points to 4.75%, and last increased the repo rate by 25 basis points at its October and September meetings, after hiking a surprise 50 basis points at its previous meeting to 8.00%, having increased 25 basis points in June, and 50 basis points during the May meeting.  India's key inflation measure, the wholesale price index, increased just 7.57% in December, compared to 9.11% in November, 9.36% in October, 9.72% in September, 9.78% in August, 9.22% in July, 9.44% in June, 9.06% in May, 8.66% in April, and 8.98% year on year in March.  

India reported annual GDP growth of 6.9% in the September quarter, down from 7.7% in the June quarter, and 7.8% in the March quarter this year, and 8.3% in the previous quarter.  The RBI revised its growth projections down for 2011-12 to 7.6 percent from 8.0 percent previously, due to downside risks.  The Indian Rupee (INR) has depreciated about 11% against the US dollar over the past year, while the USDINR exchange rate last traded around 50.22

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FIA PTG and FIA EPTA Issue Recommendations for Software Development and Change Management [Press Release]

March 14, 2012 by mikeohara   Comments (0)

Washington, D.C. and Boca Raton, Fla.—March 14, 2012—The FIA Principal Traders Group and the FIA European Principal Traders Association today issued a set of recommendations to assist trading firms in establishing internal procedures, processes and controls for the development, testing and deployment of trading software. FIA PTG and FIA EPTA member firms believe that in order for a firm to meet its regulatory obligations and manage and monitor risks, its trading software and technical infrastructure need to work as intended. These best practices were developed by representatives from a dozen FIA PTG and FIA EPTA member firms and are the latest in a series of best practices recommendations developed by FIA members for trading firms, brokers and exchanges.

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FIA Issues Order Handling Recommendations for Executing Brokers [Press Release]

March 14, 2012 by mikeohara   Comments (0)

Washington, D.C. and Boca Raton, Fla.—March 14, 2012—The Futures Industry Association today issued order handling risk management recommendations for executing brokers. The report documents both current practice and emerging technologies in order to respond to regulatory concerns about algorithmic trading. The recommendations were developed by experts from executing firms and represent the latest in a series of recommendations developed by FIA members for trading firms, brokers and exchanges.

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