February 6, 2018
In a market sell-off, as we saw on February 5th, automated traders including those called Designated Market Makers (DMMs) at the New York Stock Exchange and the largest market makers on Nasdaq used HFT tools to quickly stabilize the markets. Many market makers have obligations to buy stocks when no one else wants to buy, and to sell when no one wants to sell. These capital commitments of electronic market makers using HFT play a vital role in bridging the gap between supply and demand for a stock.
November 17, 2017
BNPP partners GTS for US Treasury trading Helen Bartholomew LONDON, Nov 15 (IFR) – BNP Paribas has partnered with electronic market-making firm GTS for US Treasury trading, cementing a new era of collaboration between banks and high-frequency trading firms in an increasingly electronic market where technology is providing the competitive edge. The tie-up, which represents […]
October 7, 2016
NEW YORK, October 7, 2016 — Modern Markets Initiative (MMI), the organization dedicated to education and advocacy on the benefits of high frequency trading, issues the following statement regarding the decline in the value of the British pound against the U.S. dollar. Even before trading data has been collected, some initial reports have made unsubstantiated […]
May 31, 2016
Modern Markets Initiative (MMI), the organization dedicated to education and advocacy on the benefits of high frequency trading, announces that Kirsten Wegner has been appointed Senior Vice President, Business Development. She will report to Bill Harts, Chief Executive Officer of Modern Markets Initiative. Wegner will create and develop proposals and initiatives in support of solutions […]
June 9, 2015
The Modern Markets Initiative, a high frequency trading advocacy organization, today announced Jim Gorman has joined as director of communications.
March 25, 2015
MMI Proposes Market Structure Discussion With Bill Harts and Michael Lewis or Brad Katsuyama Moderated By TABB Group Founder & CEO Larry Tabb
February 15, 2015
October 9, 2014
Modern Markets Initiative (MMI), a leading electronic markets advocacy organization, today introduced the “Principles for Effective Modern Markets,” a framework designed to guide the critical, ongoing review of our financial marketplace and its impact on investors.
September 10, 2014
The Modern Markets Initiative (MMI) released the following statement on the Financial Industry Regulatory Authority’s (FINRA) consideration of proposed guidance on firms’ obligations to supervise the development, testing and use of algorithmic trading strategies.
August 21, 2014
The Modern Markets Initiative (MMI), a leading trading industry advocacy organization, today announced that it has hired Bill Harts, a respected industry expert with deep knowledge of electronic trading and market structure as Chief Executive Officer.
Arthur Levitt, former SEC Chairman
The Wall Street Journal, August 17, 2009