Norway SWF: The Market Is Too Complex, HFT The Problem

Norway’s $750 billion sovereign wealth fund is preparing to weigh in on high frequency trading (HFT), a practice that has been credited with improving price discovery and reducing trading costs. While the fund acknowledges that HFT is a diverse set of strategies, it’s worried that the regulatory discussion is being dominated by groups that benefit from the practice instead of the large institutional investors that make up much of the market, reports Nathaniel Popper for The New York Times. NBIM’s concerns for high frequency trading Norges Bank Investment Management (NBIM) first signaled its concern about HFT in a discussion note…