Another Industry Giant Sounds Off against HFT

19

October, 2009

Please see the Wall Street Journal Online Edition:

http://online.wsj.com/article/BT-CO-20091018-703738.html

Mobius Rounds On High-Frequency Traders – Financial News

    By William Hutchings
    Of FINANCIAL NEWS

Veteran fund manager Mark Mobius has hit out at high-frequency traders, a growing force in global equity markets, who use software to spot patterns and profit from tiny price movements.

Referring to a review instigated by the US Congress this summer, Mobius, an emerging markets fund manager at U.S. firm Franklin Templeton, said in an interview with Financial News: “I am very glad Congress is cracking

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