Fidessa's Steve Grob on why regulation of HFT is best left to the market.
Had a distinct sense of déjà vu at TradeTech
in London last week. Seems like much of the debate and chatter
was the same as it was last year – HFT, ill thought
through regulation, etc. It struck me, though, that maybe the
regulators should let the market decide what is good or bad for
us rather than agonising over these issues on our behalf.
Take HFT for example. Whilst different definitions abound,
electronic market making has just as much right to exist as any
other business model in today’s trading ecosystem.
If you don’t want to trade with them, then the
answer’s simple – don’t!
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