HFT Lobby : Waaaaaaaaaaaaaaah!

18

July, 2011

Did you guys get a chance to glance at the NY Times yesterday? In the business section, there was an article by Graham Bowley titled Fast Traders, In Spotlight, Battle Rules. It details how normally secretive high frequency trading firms are trying to improve their image with regulators, the Public, and Long-term investors. As we have detailed in past notes, the HFT
groups have organized a Proprietary Trading Group Lobby, comprising of 31 firms currently, to get the game stacked in their favor in Washington DC.

 

Sigh. They are sad

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