Waters USA 2010: Don’t Expect HFT to Slow Down
If we can’t regulate ourselves, then so be it—regulate us—because right now the system doesn’t work,” says Young Kang, global head of algorithmic products at Citi. This was a common theme that emerged at the Waters USA 2010 conference in New York last month.
At the event, a panel discussion on the future of one such controversial target for regulation—high-frequency trading (HFT)—included speakers from Citi, Deutsche Bank, Bank of America Merrill Lynch (BAML), Morgan Stanley, and Able Alpha
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