Yesterday, the CFTC Technology Advisory Committee held a meeting titled, “Defining, Classifying, and Observing High Frequency Traders“. We listened in and heard something very interesting from Tom Gira, Executive Vice President for Market Regulation of FINRA. He started talking about things that FINRA monitors for in the market particularly from the HFT crowd. What could he possibly be looking for?
We all know that HFT is benign and is simply market making evolved, right? We all know that they have bestowed upon the market the gifts of tight spreads and ample liquidity, right? But we
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