ECB Paper Defends HFT, Says It Supports Efficient Price Discovery
The European Central Bank (ECB) has released a working paper defending high frequency trading (HFT), saying that it helps with more efficient price discovery because HFT on average trades against transitory pricing errors.
ECB defending HFT
“Our analysis suggests that HFTs impose adverse selection costs on other investors. At the same time, HFTs being informed . . .
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