Liquidnet founder Seth Merrin says exchanges are upgrading systems to cater to high-frequency traders amid slow markets, raising the risk of glitches and potentially alienating some players.
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The recent deal between Commonwealth Bank of Australia and Facebook to deliver an online banking service may signal a changing ethos when it comes to financial technology.
Hong Kong’s Court of Final Appeal rejects an application for leave to appeal against a sentence for giving unlicensed securities advice via the social networking site.
