The True Cost of HFT, Sandy Weill's About Face, Death Star of Finance, and more

Sandy Weill, the former Citigroup chief executive and shatterer of Glass-Steagall says the industry needs a return to the separation of commercial and investment banks, while a recent study on HFT reveals that the practice costs long-term investors $2.5 billion per year.
July 27, 2012


2. True HFT Cost?

In contrast to the academic consensus view that high-frequency trading is benign, our research shows that there's a significant cost to the liquidity that they're providing.

— David Mechner, chief executive of Pragma, a research and trading firm, on his firm's study that estimates the total cost of HFT to long-term investors could be $2.5 billion a year

Source: The Wall Street Journal: Study: High-Speed Trading Hurts Long-Term Investors

Wall Street & Technology encourages readers to engage in spirited, healthy debate, including taking us to task. However, Wall Street & Technology moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing/SPAM. Wall Street & Technology further reserves the right to disable the profile of any commenter participating in said activities.

 
Disqus Tips To upload an avatar photo, first complete your Disqus profile. | Please read our commenting policy.
 
< Previous1 2 3 4 5 6 7 8 Next > 

< Previous1 2 3 4 5 6 7 8 Next >