JPMorgan's Kolanovic Slams HFT, Says It Stepped Back During Crisis

High Frequency Trading (HFT) is the opposite of human liquidity providers in a trading pit and HFT is in large part responsible for the August 24 market crash, J.P.Morgan’s Global Head of Quantitative and Derivatives Research, Marko Kolanovic, said in a research note dated September 24. [dalio] J.P.Morgan’s Marko Kolanovic weighs in on the controversial topic of human vs robotic led markets Commenting on “Derivatives Gamma, HFT Liquidity and Market Dislocations,” Kolanovic drew significant distinctions between how human market makers managed liquidity during crashes and the disappearing influence of HFT during market crisis. “HFT is fully engaged in stable market…