Early media coverage─and it is still early; Aequitas isn't planning to go live until the end of 2014─has characterized the proposed Canadian exchange as anti-HFT or banning HFT. It's an attention-grabber, but not entirely accurate.
The exchange and its backers are not opposed to HFT as a concept, nor do they plan on barring the door to anyone with a latency-sensitive strategy.
"At the end of the day the problem is not high frequency trading," Schmitt says. "The technology is here to stay and you
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails