As Asness Proclaims His Love For High Speed Trading, Are Issues Ignored?

Investment management magnate Cliff Asness has a problem with a Bloomberg View piece on High Frequency Trading (HFT) with particular focus on issues brought up by Michael Lewis in the book Flash Boys. While he makes good points, the real mastery of the HFT debate is how the key issues remain undiscussed. Cliff Asness notes trading costs have significantly declined In his rebuttal article, Why I Love High Speed Trading, Cliff Asness correctly notes that trading costs have significantly declined in the era of high frequency trading and he points out the primary issue that neutral observers close to market making and…