Norway wealth fund to avoid high-frequency trading in Asia

Oslo

NORWAY'S US$890 billion fund, which considers high-frequency trading (HFT) a scourge in global financial markets, is taking steps to avoid the practice as it spreads in Asia.

The fund, which owns about 1.3 per cent of the world's equities, has already started to cut back on its use of algorithmic trading to dodge HFT traders who might be trying to pre-empt its moves in the US.