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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

  • April 13, 2017

    Securities Law Daily: Dodd-Frank Redo Would Limit SEC Access to Source Code

    The SEC couldn’t gain nearly unrestricted access to trading systems’ computer software under a new Republican proposal to overhaul the Dodd-Frank Act. House Financial Services Chairman Jeb Hensarling would require the SEC to obtain a subpoena before getting access to source code, according to a committee memo laying out changes to his Financial Choice Act. […]

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  • April 6, 2017

    Bloomberg: Precidian Closer to Hidden-Asset ETF to Curb Front-Running

    Rachel Evans and Annie Massa report Precidian Investments has unveiled a new suite of strategies for an innovative type of actively managed product that’s packaged as an exchange-traded fund. The first NextShares fund is still relatively small, with about $22 million in assets.  “It’s a chicken-and-the-egg situation,” said Bill Harts, chief executive officer of Modern Markets […]

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  • April 4, 2017

    Sharon Merrill IR Blog: MMI CEO Interview – Investor Relations and High-Frequency Trading

    Bill Harts speaks to top IR firm Sharon Merrill for its The Podium blog where he wants investor relations people to know that high-frequency trading firms generally are making their stock much less expensive to trade for their shareholders – and even for the companies themselves. For example, when companies have public buybacks and their […]

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  • March 27, 2017

    Just When Savers Thought They Were Out … FTT Pulls Them Back In!

    On this day in 1991, The Godfather: Part III debuted in France. It wasn’t a very memorable movie, except for the iconic quote “Just when I thought I was out… they pull me back in.” I was reminded of that line when I read that Rep. Ellison’s financial transaction tax (FTT) picked up a new […]

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  • March 21, 2017

    Futures Radio: MMI CEO Interview – Seven Minutes With Seven Industry Leaders

    Show host, and 17-year futures veteran and CME member, Anthony Crudele speaks with MMI CEO Bill Harts at the 2017 FIA Boca conference.  Bill discusses the need for proper and smart regulation to bolster investor confidence.  He also advocates taking a fresh, holistic look at regulations that have been in place for a long time, […]

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  • Watch our Videos to Learn More

  • HFT Saves Investors’ Money

    A key metric to determine if the cost to trade is getting lower, is to see how tight “spreads” are. This is the price difference between …

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  • HFT as Intermediary

    All financial markets have needed professional intermediates to offset short term supply demand imbalances, find the fair price which reflects current buying …

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

"…the positive overall effects of HFT on market quality are well-documented and appear by now pretty robust."

Evangelos Benos,The Bank of England