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ECB calls for light touch on high frequency trading
It says focus should be on curbing the damage done by ultra-fast trades, not to squeeze market liquidity
Add BT as a preferred sourcePublished Tue, Oct 25, 2016 · 09:50 PM
Frankfurt
THE European Central Bank called for a gradual approach to regulating ultra-fast trading on Tuesday, fearing stringent rules on the practice might jeopardise financial markets.
High-frequency trading (HFT), which uses super-fast computers and connections to place trades, has been blamed for accentuating market swings and penalising other investors by flooding trading venues with orders that immediately get cancelled or go unfilled.
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