HFT as Seen Through an Op Risk Lens
Calling the 2010 Flash Crash a liquidity event arising from structural features of the high-frequency trading (HFT) environment, the head quantitative analytics at US Bancorp said the best way to prevent a recurrence is to recognize and manage the operational risks of a market structure in which HFT is a major part of life.
That, however, may not be accomplished by the internal operational risk and control frameworks currently in place.
Speaking to a room full of risk managers at the Op Risk
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