HFT Limited at Aequitas Exchange, but Not Banned Outright

Jos Schmitt, Aequitas Exchange

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

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