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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

  • May 31, 2017

    Intelligent Trading Technology: How Trading Operations Changes Both Cut and Inflate Costs

    Bill Harts, CEO of the Modern Markets Initiative, is one of the panelists who will be considering “Trading in the new normal environment” at the Intelligent Trading Summit in New York on June 8. “Markets and investors are embracing the role that high-frequency traders play in providing liquidity and being the engine behind making our […]

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

"(HFT is) working to tighten spreads and enhance liquidity … (investors) benefit by getting lower transaction costs. That results in hundreds of millions of dollars a year in savings to investors in our funds."

Gus Sauter,Former Chief Investment Officer, Vanguard Group