Company:Nanex

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Short description: American software firm
Nanex, LLC
TypePrivate
IndustrySoftware engineering
Founded2000; 24 years ago (2000)
FounderEric Scott Hunsader
HeadquartersWinnetka, Illinois, Chicago metropolitan area
Key people
Eric Scott Hunsader (CEO)
ProductsFinancial market data Stock Market
Servicesstreaming data
Number of employees
8[1] (2013)
Websitewww.nanex.net

Nanex is a Chicago -based firm that offers streaming market data services, and real-time analysis and visualization tools. They offer data on all market transactions to their clients who are typically traders and other financial analysis firms. "The company can analyse millions of trades per second."[2]

Nanex is the creator and developer of NxCore, a ticker plant that delivers streaming whole market data from Telvent DTN and provides an application programming interface. The company was founded in 2000 and is located in Winnetka, Illinois.[3][1][4]

The founder and CEO of Nanex, Eric Scott Hunsader, is a vocal critic of some aspects of high-frequency trading and has clashed on Twitter with defenders of the system.[5][6] Hunsader's firm is known for having coined the term quote stuffing.[7] Bloomberg called Nanex the "nemesis" of high-frequency traders.[1][4]

Hunsader's views, as well as the record of market transactions released by Nanex, have been cited in many financial analyses done in news articles about strange financial events, such as the 2010 Flash Crash,[8][7] the Gold Flash Crash in early January 2014,[9][10][11][12][13] and suspicious trading patterns.[14][15][16]

References

  1. ↑ 1.0 1.1 1.2 Regan, Michael (November 26, 2013). "Speed Traders Meet Nightmare on Elm Street With Nanex". Bloomberg News. https://www.bloomberg.com/news/2013-11-26/speed-traders-meet-nightmare-on-elm-street-with-nanex.html. 
  2. ↑ Vaananen, Jay (2015). Dark Pools and High Frequency Trading For Dummies. John Wiley & Sons. pp. 177. ISBN 9781118879191. https://books.google.com/books?id=vhbTBQAAQBAJ&q=nanex+llc&pg=PA177. 
  3. ↑ "Welcome to Nanex.net". Nanex. http://www.nanex.net/. 
  4. ↑ 4.0 4.1 Regan, Michael (November 27, 2013). "The Nemesis of High-Speed Traders". Bloomberg BusinessWeek. http://www.businessweek.com/articles/2013-11-27/high-speed-traders-nemesis-nanexs-eric-hunsader. 
  5. ↑ Patel, Sital (January 29, 2014). "It's economics 101, says DirectEdge CEO on 'maker-taker' trading debate". MarketWatch. http://blogs.marketwatch.com/thetell/2014/01/29/its-economics-101-says-directedge-ceo-on-maker-taker-trading-debate/. 
  6. ↑ Stuber, Joseph (January 10, 2014). "Why We Are Not OK And Not On A Sustainable Trajectory". Seeking Alpha. http://seekingalpha.com/article/1939011-why-we-are-not-ok-and-not-on-a-sustainable-trajectory. 
  7. ↑ 7.0 7.1 Lauricella, Tom (September 27, 2010). "Data Wonks Debut Dizzying Diagram of Flash Crash". MoneyBeat, blog of the Wall Street Journal. https://blogs.wsj.com/marketbeat/2010/09/27/data-wonks-debut-dizzying-diagram-of-flash-crash/. 
  8. ↑ Bowley, Graham (August 22, 2010). "Stock Swing Still Baffles, With an Ominous Tone". New York Times. https://www.nytimes.com/2010/08/23/business/23flash.html?_r=0. 
  9. ↑ Melin, Mark (January 9, 2014). "Gold Flash Crash Caused By HFT Algorithm, Not Fat Finger". ValueWalk. http://www.valuewalk.com/2014/01/gold-flash-crash-cause-labeled-hft-algorithm-fat-finger/. 
  10. ↑ Baillieul, Robert (January 6, 2014). "Canadian Equities Lower on Weak Economic Data, Gold Flash Crash". Motley Fool. http://www.fool.ca/2014/01/06/canadian-equities-lower-on-weak-economic-data-gold-flash-crash/. 
  11. ↑ "Why Gold Price Suppression Can NOT Continue". The Market Oracle. http://www.marketoracle.co.uk/Article43912.html. 
  12. ↑ Winter, Russ (January 13, 2014). "Open Letter To Gold Investors: Will The Real Manipulator Please Stand Up?". Seeking Alpha. http://seekingalpha.com/article/1942231-open-letter-to-gold-investors-will-the-real-manipulator-please-stand-up. 
  13. ↑ Shumsky, Tatyana (January 10, 2014). "Gold Ends Slightly Lower After Volatile Day Price Briefly Drops $30; CME Group Says No Errors Occurred". Wall Street Journal. https://online.wsj.com/news/articles/SB10001424052702303433304579304401940036802. 
  14. ↑ Lopez, Linette (October 8, 2012). "One Algorithm Made Up 4% Of All Trading Last Week, And No One Knows Where It Came From". http://www.businessinsider.com/mystery-algorithm-4-of-trading-last-week-2012-10. 
  15. ↑ Melin, Mark (January 30, 2014). "Wild "Fat Finger" Price Swings In London Stocks Questioned". ValueWalk. http://www.valuewalk.com/2014/01/wild-fat-finger-price-swings-in-london-stocks/. 
  16. ↑ Steiner, Christopher (September 1, 2010). "Did We Dodge Another Flash Crash on Sept. 1?". Forbes. https://www.forbes.com/sites/christophersteiner/2010/09/02/did-we-just-dodge-another-flash-crash-yesterday/. Retrieved February 5, 2014. 

External links

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