SUBSCRIBERS
Norway wealth fund to avoid high-frequency trading in Asia
Published Fri, Jun 19, 2015 · 09:50 PM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance