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You: "They are trying to get incentives right, rather than outright banning HFTs." Article: "Firms that fail to meet standards aimed at protecting long- term i
by mapgrep 16y ago
You: "They are trying to get incentives right, rather than outright banning HFTs."
Article: "Firms that fail to meet standards aimed at protecting long- term investors won’t be allowed directly on the Credit Suisse venue"
So it's both: They are outright banning AND adjusting incentives.
- klochner 16y agoI think banning is a little strong, article: Opportunistic firms, which Galinov says include some high- frequency trading companies, will be kicked off the platform and prevented from providing orders or executing against bids and offers directly through Light Pool. They’ll instead have to go through the Jersey City, New Jersey-based National Stock Exchange, where Light Pool will also publish its quotes. so they can participate, but they get penalized.