Trading Tech Talk 49: Hunting Spoofers, Source Code Controversy, API Debate and More

CTO Interview: Today we are joined by Paul Giedraitis, Principal at Neurensic.

They discuss:

• An overview of Paul's background in the trading technology space?
• What is Neurensic?
• What sort of market manipulation can Neurensic's software detect? Spoofing? Layering? Other?
• It is bizarre that an old exploit like spoofing has become such a hot button topic in 2016.

Hot Topics in Tech: What is going on in financial technology?

CFTC signals retreat over 'source code' repository.

• The US futures regulator has signaled a willingness to back down on controversial proposals allowing it to freely access the source code of high-speed traders, following complaints that it could lead to sensitive intellectual property being revealed.

SEC brings new charges over global press release hacking scheme.

• The U.S. Securities and Exchange Commission has charged nine new defendants over what it has called a more than $100 million international scheme to hack into newswires that distribute corporate press releases and to use stolen information to conduct insider trading.

Robots are reading trader chats to stop the next wave of bank fines.

• Robots are automating yet another bank job: the task of sifting through traders’ messages to spot foul play, a process currently carried out by legions of human employees.

Do not give away the store when enabling APIs.

• Application programming interfaces, which have been available but in a limited manner, are used to let different software applications communicate and exchange data with each other.