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

Published: March 31, 2016, 6:12 p.m.

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

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They discuss:

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

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CFTC signals retreat over \'source code\' repository.

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  • 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.
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SEC brings new charges over global press release hacking scheme.

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

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  • Robots are automating yet another bank job: the task of sifting through traders\\u2019 messages to spot foul play, a process currently carried out by legions of human employees.
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Do not give away the store when enabling APIs.

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  • 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.
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