This is the first of a series on financial regulators’ 2015 examination priorities. The SEC’s priorities focus on three broad topics: 1) protecting retail investors and, in particular, investors saving for retirement; 2) assessing market-wide risks; and 3) identifying and examining potential illegal activity through the use of data analytics. Ziliak Law Partner Michelle M. […]
Ziliak Law's Doug Cahanin (Associate) and Zach Ziliak (Managing Partner) examine how ICE’s new anti-spoofing Rule 4.02(l) tracks—and differs from—CME’s earlier Rule 575.
Ziliak Law Associate Doug Cahanin, Founder of Derivatives Law Blog, published this article on December 29, 2014 after Michael Coscia filed for dismissal. Background On Monday, December 15, 2014, Michael Coscia filed a motion to dismiss the spoofing and commodities fraud charges alleged against him. This motion to dismiss is just the most recent move […]
Ziliak Law Associate Doug Cahanin, Founder of Derivatives Law Blog, wrote this blog on disruptive trading practices on October 21, 2014. It is excerpted below, the full article is available by clicking "read more." Starting Point: The Commodity Exchange Act The Chicago Mercantile Exchange (“CME”) recently issued a new rule, CME Rule 575, and an […]
Managing Partner Zach Ziliak, with Brattle Group's Pavitra Kumar and Torben Voetmann, show why high-frequency trading litigation presents complex issues for experts.
Managing Partner Zach Ziliak has seen both sides of the HFT universe. A As a quant at an investment bank, he developed trading algorithms. As an attorney, he represents firms covering the whole Investment spectrum. As a participant in the AT 9000 initiative, he is working on the development of quality management standards for the […]
Ziliak Law Partner Zach Ziliak wrote a guest commentary on John Lothian News on 9/12/13; it is excerpted below. To read the full article, please click "read more." Guest Commentary: Regulating Automated Trading, Not Just Chilton’s Cheetahs The Commodity Futures Trading Commission’s Technology Advisory Committee (CFTC TAC) met Thursday to address swap regulations and automated […]
Managing Partner Zach Ziliak surveys the state of play for automated, algorithmic, high-frequency, and quantitative traders in the U.S. regulatory environment. Highlights include recent actions taken by Congress and regulators, likely future regulation, and industry response.
Prior to opening Ziliak Law, Zach Ziliak was invited by Marketswiki.tv to speak on HFT practices in January 2013. The full article (excerpted below) and video is available by clicking "read more." High-frequency trading (HFT) has been in the financial press a lot over the past several years. From the Flash Crash of 2010 to the […]
Managing Partner Zach Ziliak’s summary of, and commentary on, the CFTC Technology Advisory Committee meeting, October 30, 2012.