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Phil Albinus
Phil Albinus
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Europe Slides, Dimon Smacks Dodd-Frank, and a Hedgie Loves Greece

In the same week that summer decided to show up in New York, other corners of the financial world were heating up as well. Jamie Dimon got a grilling from the members of the House of Representatives after last week's Senate Banking Committee tongue bath. Meanwhile, hedge finds managers gathered in Monaco to comment on the continent's slide to oblivion, while one US hedge find manager is placing all of his bets on – Greece?! Advanced Trading serves up the hottest quotes of this week.
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4. The Need for Speed

It is important to recognize that high-frequency trading is a means rather than an end in itself, and that there are many types of market activity that can be potentially labeled as HFT.

— CFTC advisory working group in a report to the agency’s Technical Advisory Committee.

Source: Businessweek

 

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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