Waters USA 2014 HFT Panel: Reality Doesn't Reflect 'Flash Boys' Hype
New asset classes, geographies moot the arguments, sell-siders say.
The panel immediately pointed out that the latency for genuine HFT varies from instrument to instrument—indeed, acknowledging that beyond its well-established or nascent application in equities, futures, and options, firms are now thinking about fixed income (FX), fixed income, and credit as well.
"You just need to be faster than the next person," said Aite Group's David Weiss. "In US equities, that's 15 microseconds, but the more accurate answer is that it's a gradation—some asset classes might
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