Shining a light on high-frequency trading


High-frequency traders have rarely sought or encouraged publicity, but their trading practices have become one of the most emotive issues in today’s foreign exchange market, and a key driver of change among trading platforms.

While high-frequency trading (HFT) is recognised as adding liquidity to the overall market, certain HFT practices – such as speeding in and out of the market in sub-milliseconds or flashing orders – have driven some banks to launch platforms that prohibit such behaviour. Me