Spotlight Series: The Great HFT Debate
Though the value and fairness of high-frequency trading have been debated among capital markets professionals for years, and HFT occasionally has drawn fire from regulators since the global financial crisis, the controversy recently has been transformed into a very public trial of Wall Street in general, and the battle lines have been clearly drawn. Market participants, market structure experts, regulators and even private investors haven’t been shy about choosing sides. You’ll find the best arguments, opinions and news on both sides of the debate here, in TabbFORUM’s latest Spotlight Series, “The Great HFT Debate.”
Embracing Simplicity: Simple Markets Are More Efficient Markets
Bill Harts, Modern Markets Initiative23 Sep 2014
Investors deserve simple, uncomplicated markets. Time spent learning about the intricacies of market structure is time that could be better spent searching for undervalued companies to invest in. Yet our...
Opinion & Analysis
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2014 TOP STORIES: Haim Bodek: Flash Boys ‘Simply Misses the Mark’
(Decimus Capital Markets, LLC, Haim Bodek)
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Embracing Simplicity: Simple Markets Are More Efficient Markets
(Modern Markets Initiative, Bill Harts)
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HFT: The Need for More Than Speed
(IIT, Ben van Vliet)
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The HFT Arms Race
(Chicago Booth, Eric Budish)
News
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New BATS options market EDGX Options goes live
('FierceFinanceIT')
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Why even mid-sized trading firms are hurting
('Crain's')
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Why Whistle-Blower Haim Bodek Exposed the Biggest Scam on Wall Street
('Vice')
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HFT stabilises modern markets – academic research
('Automated Trader')
The Highs – and Lows – of High-Frequency Trading
Daniel Daniel, Tree ConsultingWhile other fields of law are trying to anticipate the future ramifications of the widespread use of drones, robots, and self-driving vehicles, financial markets have already confronted the fact that...
ContinueAdditional Resources
- On the Impact and Future of HFT
Stevens Institute of Technology , Khaldoun Khashanah, Ionut Florescu and Steve Yang
- A Compound Multifractal Model for High-Frequency Asset Returns
University of California, Santa Cruz, Eric M. Aldrich, Indra Heckenbach, and Gregory Laughlin
- Recommendations for Equitable Allocation of Trades in High Frequency Trading Environments
Federal Reserve Bank of Chicago, John McPartland
- Electronic Market Makers, Trader Anonymity and Market Fragility
University of Warwick; American University - Kogod School of Business; University of Oklahoma Price College of Business, Vikas Raman, Michel A. Robe, Pradeep K. Yadav
- High Frequency Market Microstructure
Johnson Graduate School of Management, Cornell University, Maureen O’Hara
- SIP vs. Direct Feeds Latency – What Are the Rules?
Bloomberg Tradebook, Gary Stone