High-frequency trading systems are designed to make trades based on keywords within milliseconds.
Mr. Gupta did not make any trades based on the information; he only passed it along.
However, humans still make the final decisions and execute trades based on Abbie's recommendations.
You engaged in logrolling, making trades based on your and the other party's different preferences on particular issues.
High-frequency trading algorithms that are designed to make trades based on certain headlines served as a catalyst.
"Did you make those trades based on nonpublic information?" Mr. Kroft asked the speaker at his weekly press conference.
Everbright estimated that it lost 194 million renminbi on the trades, based on Aug. 16 closing prices.
But prosecutors suggested the defendant, William Walters, might have made profitable trades based on tips from him.
A single set of talks may have been more productive: the presence of multiple issues creates opportunities of logrolling in negotiation, or making trades based on different preferences.
The Supreme Court's decision last December in Salman v. United States settled important issues concerning Rule 10b-5's reach over trades based on a tip of confidential material information.
A complementary method to identify red flags may be to systematically screen financial markets and security trades based on brute force number crunching.
