Latour Trading, the unknown and secretive firm that once dominate programmed trading firm in late 2011, has now fallen from its high horse. As most of the folks in this circle remember and Themis Trading’s Sal Arnuk reminded me this morning, ZeroHedge covered Latour the week they took over the top spot from GS back during the third week in October of 2010 in Non-index Arbitrage trading by share volume.
The NYSE’s weekly program trading update shows Latour falling to 5th in volume on Non-Index Arbitrage strategies, behind our friends at JP Morgan, Goldman Sachs, Barclays and Merrill Lynch.
As of August 17th, Morgan and Goldman each doubled the size of Non-index Arbitraged shares traded. Latour was second in Principal STrategies with 112.1 million shares. In all, for the week of August 13th to August 17th, programmed trading accounted for 31.0%.