understanding hft

When HFT decreases,

costs increase.

Canada enacted a tax on HFT on April 1, 2012.
In one day, HFT participation dipped and
trading costs went up.

Latest News

  • September 13, 2016

    Yahoo Finance Op-Ed: New CFTC proposal could jeopardize the IP lifeblood of many businesses

    Countless companies around the world have developed and perfected sophisticated and multifaceted algorithms which are the intellectual property (IP) lifeblood of their business. Imagination and innovation have enabled thousands of these companies to conquer the free market and be prosperous. In the US, however, that extremely valuable commodity—intellectual property—could be jeopardized if a government agency […]

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  • September 9, 2016

    India’s Markets at the Crossroads

    India has the eighth largest economy in the world and its exchanges trade about $750 billion worth of stock per year. Its markets have emerged to become a world-class trading ecosystem thanks in part to the increased participation of intermediaries who use high frequency trading tools. However, the Securities and Exchange Board of India (SEBI) […]

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  • September 6, 2016

    Barron’s: Study Backs Barron’s Critique of Flash Boys

    Bill Alpert reports Flash Boys has been debunked by two University of California, Berkeley law professors. The study, by Robert Bartlett and Justin McCrary, scoured 385 million stock trades and 6.2 billion price quotes.  Contrary to Lewis’ scare story, the pair found that slow or fast quotes made no difference in pricing 97% of the […]

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  • August 26, 2016

    A “Source” of Serious Concern

      If there is any agency in the world that can be trusted to keep data safe it would be the National Security Agency (NSA).  It employs the world’s elite cybersecurity personnel and at one time had a top secret budget as high as $10.5 billion.  How do I know the NSA had a top […]

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  • August 17, 2016

    It Gets Late Early At StubHub

    “So, did you go to see A-Rod’s last game on Friday?”  That’s a question asked this week by friends, family and just about anyone who knows me as a die-hard Yankees fan.  The answer is kind of embarrassing, but the ribbing it usually leads to is actually pretty funny and somewhat indicative of my work […]

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High Frequency Trading saves
investors money. Here’s how it works.

"High-frequency trading in general has been good for the retail investor."

Fred Tomczyk,CEO, TD Ameritrade