In the same week that summer decided to show up in New York, other corners of the financial world were heating up as well. Jamie Dimon got a grilling from the members of the House of Representatives after last week's Senate Banking Committee tongue bath. Meanwhile, hedge finds managers gathered in Monaco to comment on the continent's slide to oblivion, while one US hedge find manager is placing all of his bets on – Greece?! Advanced Trading serves up the hottest quotes of this week.
June 22, 2012
4. The Need for Speed
It is important to recognize that high-frequency trading is a means rather than an end in itself, and that there are many types of market activity that can be potentially labeled as HFT.
— CFTC advisory working group in a report to the agency’s Technical Advisory Committee.
Source: Businessweek
