HFT Critics Call CFTC Economist's Study "Groundbreaking"
"Something should strike you that this paper is unique when it comes to academic literature on HFT," Themis Trading's partners say.
December 06, 2012
While high-frequency trading firms continue to struggle in the face of the slowdown in equity markets, HFT critics are calling a new study on the practice, which has just been released by a CFTC economist, “groundbreaking” in demonstrating how high-speed traders gain their profits. [Read: Eladian Closure an Ominous Sign for High-Frequency Trading to learn more.] While the study - as we reported yesterday - has stirred up a certain amount of resistance from some market observers, who say it fails to address the benefits high-speed traders bring to the market, such as lower costs of trading for ordinary investors, vocal high-frequency opponents at Themis Trading say the paper is unique in the methods it uses... Read full story on Wall Street & Technology
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