The poster child for the high frequency trading opposition to the Michael Lewis book Flash Boys is stepping down as president of BATS Global Markets. BATS Global Markets announced the departure of William O’Brien In a press release today, BATS “announced the departure of William O’Brien as President, effective immediately, with CEO Joe Ratterman reassuming the additional role of President.” The brief press release did not mention O’Brien other to say he was leaving. When contacted about the potential for O’Brien’s exit being tied to negative publicity or the recent investigation of HFT by New York Attorney General Eric Schneiderman, sources inside…
Controversial BATS CEO Leaves Exchange
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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