29 May 2014
How to regulate HFT’s secrets

…In the days of a single national exchange, a market maker had certain rules that it abided by. “But now everyone is scrabbling to get a bit of flow. There’s nothing wrong with HFT – we have just gone a little far in encouraging it,” she says. “We need guidelines on market making, and oversight on how exchanges are running that.” Beattie stresses that…