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They're under investigation for fraud relating to HFT: http://dealbook.nytimes.com/2014/05/09/goldman-under-investigation-for-high-speed-trading/ http://dealbo
by crdoconnor 12y ago
They're under investigation for fraud relating to HFT:
http://dealbook.nytimes.com/2014/05/09/goldman-under-investigation-for-high-speed-trading/ http://dealbook.nytimes.com/2014/05/09/goldman-under-investi...
I imagine that WSJ op ed is probably damage control.
- rayiner 12y agoI don't see your point. It's entirely consistent to say that restrictions on HFT would be in Goldman's interests, but until those are in place, they make some money engaging in HFT. In other words, the advantages to Goldman of restricting HFT (which hurts its major business line of trading on information advantages) would be worth more than losing whatever little HFT revenue they make (they're not a major player).