Modern Markets Initiative (MMI) is the industry advocate supporting the benefits of automated, high frequency trading. It was founded in 2013 by leading, quantitative trading firms Global Trading Systems, Hudson River Trading, Quantlab Financial and Tower Research Capital whose collective role in creating market efficiency contributed to a dramatic reduction in trading costs for investors. MMI engages and educates public audiences about the value modern market professionals provide to today’s electronic marketplace. Additional information is available at www.modernmarkets.org.
TIMOTHY MASSAD, CFTC Chairman
June 3, 2015 Speech