Tabb Predicts "Downright Corruption" Will Occur in HFT

Larry Tabb, founder and CEO of the Tabb Group, has a bone to pick with US Senator Carl Levin over high frequency trading (HFT). HFT issues: Eliminating payment for order flow Tabb said that eliminating payment for order flow, a contentious issue in HFT, would in fact create more challenges and magnify conflicts of interest. Levin has proposed eliminating the little known and often undisclosed practice of stock brokerage firms accepting cash payments from trading venues for investor stock orders. Jeff Specher, chairman of the ICE derivatives exchange, which purchased the New York Stock Exchange in 2013, vocally called for the…