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Greg MacSweeney
Greg MacSweeney
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HFT Players Struggle to Survive

High-frequency trading shops are having a difficult time in the current marketplace, as trading volumes remain extremely low. This week, Eladian closed its doors due to the weak market. Who will be next?
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1. Not As Easy As It Looks

There was this mythology that you could get 90 computers, some Harvard Ph.D.'s and you would turn on your machines and make money. It's just not the case.

-- Douglas Cifu, president of HFT player Virtu Financial

Source: New York Times: High Speed Trading No Longer Hurtling Forward

 

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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