Decimus Capital's Haim Bodek

Focus on Market Microstructure: Is the HFT Advantage Dead?

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.

Interviewer: Adam Sussman

Source: TABB TV

Categories: Equities, Regulatory

Topics: Compliance, High Frequency Trading, Market structure: Exchanges, ATSs, ECNs, Market Surveillance/Technology, Regulations, Risk management, Trade Process Analysis, Trading technology infrastructure

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