MMI CEO Bill Harts writes that blockchain is a futuristic FinTech solution whose potential has captured the imaginations of many in the banking community. But, cutting-edge high frequency trading technology is already boosting the efficiency of the banking industry in a big way. From joint ventures to partnerships to outsourcing relationships, tech-savvy bankers and traders have caught on to the worst kept secret on Wall Street – high frequency trading makes their jobs easier. Put more eloquently – banks that leverage high frequency trading capabilities can provide even better pricing and liquidity to their customers.
Larry Harris, former sec chief economist
Financial Times, December 27, 2012