No Surprise Russia Was Interested In "Destructive" Capability Of HFT
After being accused of hacking a stock exchange and major banks, using high frequency trading as a weapon didn't come as a surprise to industry professionals
Sometimes the assumptions made in an industry are so far ahead of the news. Take the report of Russia considering using High Frequency Trading (HFT) as a weapon of mass financial destruction, for instance. To those close to the industry it wasn't much of a surprise.
When Federal Prosecutors in New York filed . . .
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