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Decimus Capital's Haim Bodek
Focus on Market Microstructure: Is the HFT Advantage Dead?25 February 2013:
Market structure reform advocate Haim Bodek acknowledges that the exchanges have gone a long way toward correcting the information asymmetry regarding order types that has persisted in the market. But while this may make the market more fair, he tells TABB's Adam Sussman, it also is making the market more complex. Further, Bodek adds, while high-frequency traders may have lost their advantage, the entire market now relies on HFT-oriented execution strategies.
Previous installments in the 'Focus on Market Microstructure' video series:
Nasdaq's Push Into Fixed Income: Larry Tabb interviews Nasdaq's Eric Noll about the exchange operator's efforts to expand into new asset classes, including options on US Treasuries.
Decimalization and Capital Formation: Jim Toes, President and CEO of the STA, and TABB Group founder and CEO Larry Tabb discuss the fallout from the SEC's Decimalization Roundtable.
For more videos in the Innovations in Trading and Technology Spotlight Series click here.
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2 Comments to "Focus on Market Microstructure: Is the HFT Advantage Dead?":
crammond1964
26 February 2013
eventually the market woke up and realised the advantages given to HFT were the sole reason behind their success and once level playing field was restored the market no longer needed them .
Exchanges chose HFT as their liquidity but the market withdrew its support ........ expensive lesson learnt !
Comments (251)
anonymole
26 February 2013
Mr. Haim Bodek is a great guest. Thanks for having him on. If you produce more videos of him you could make the case for a very compelling series.
Comments (83)