As a Senate panel debates what to do about high frequency trading, the IEX trading venue, the featured hero in the Michael Lewis book Flash Boys that lit a torch on issues that would normally remain behind the scenes, is the target in a battle many is unaware exists. This juxtaposition in attitudes towards Flash Boys could be the central theme in the debate around High Frequency Trading – the public is outraged and the industry is feigning ignorance while telling everyone who will listen to ignore the problem, it will go away. This highlights what could be the most vicious fight…
Is High Frequency Trading Wall Street’s Dirtiest Battle?
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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