HFT offer ETF fix to prevent another August rout
See the list of who’s who in this list of HFT shops of Modern Markets Initiative:
Bill Harts, the chief executive officer of the Modern Markets Initiative, whose backers are Global Trading Systems, Hudson River Trading, Quantlab Financial and Tower Research Capital. “Our role in the markets gave us unique insight into the problems that investors encountered when buying and selling ETFs that day, as well as ideas for practical solutions.”
A group of high-frequency trading firms advised U.S. regulators on how to prevent a repeat of the wild Aug. 24 trading session that roiled hundreds of securities, leaving exchange-traded funds’ prices out of sync with the values of their assets.
To read the entire article, go to http://bloom.bg/1MuyCSg
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