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Catch up on the latest from MMI

High-speed trading group elevates first female to role as CEO

Sarah N. Lynch WASHINGTON (Reuters) – Modern Markets Initiative (MMI), a trade group representing several prominent high-frequency trading firms, announced the appointment on Wednesday of Kirsten Wegner as its new chief executive officer. Wegner, a former government relations director for the International Securities Exchange, is the first woman to serve as head of the relatively […]

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Pensions & Investments: T. Rowe Price sees benefits of high-frequency trading

Money managers and internally managed pension funds are expected follow T. Rowe Price, which started sending direct equity order flow to high-frequency trading firm Virtu in 2015. “The T. Rowe-Virtu deal is kind of like the canary in a coal mine, and the canary is doing pretty well,” said William R. Harts, CEO of Modern […]

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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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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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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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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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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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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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Banking Technology: MMI CEO Op-Ed – Blockchain offers banks potential, but HFT provides benefits now

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 […]

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The Hill: MMI CEO Op-Ed – Night of the living tax: It’s time to bury Ellison’s Inclusive Prosperity Act

MMI CEO Bill Harts writes that Rep. Keith Ellison reintroduced his plan for a financial transaction tax on every stock, bond and derivatives trade in the country. It was the third introduction / reintroduction of the bill, despite previous stalls.  The not-so-collateral damage of this tax will be a reduction in our ability to keep […]

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“Main Street is the great beneficiary … We are better off with high-frequency trading than we are without it."

JACK BOGLE, founder Vanguard Group

Moneywatch, April 3, 2014

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