HFT a 'Whipping Boy' of Legislators
High-frequency trading (HFT) and dark trading are being used as scapegoats by policy makers, the keynote address of the Buy-Site Technology European Summit has claimed.
Delivered by Kee-Meng Tan, managing director and head of the electronic trading group in Europe at Knight Capital, the 28-minute speech criticized the approach towards financial technology by both legislators and the press. Tan singled out the blaming of HFT for the US Flash Crash in 2010 and the erroneous perception of the
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