Russian Roulette: Is HFT in Russia Worth the Risk?

michael-smith-renaissancecapital
Michael Smith, Renaissance Capital

Inside the presidential chambers of the Kremlin, a sleeping giant is stirring. Head of state Dmitry Medvedev is diligently overseeing the creation of a global financial hub in Moscow—a bid to modernize Russia’s energy-dependent economy. In the short term, the Russian president is looking to compete with regional hubs like Dubai and Shanghai, but behind closed doors, he is eyeing the West.

With a population of 140 million—the equivalent of Germany and France combined—Russia is one of the world’s

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