NEW YORK & LONDON--(BUSINESS WIRE)--A new online forum, “The Great HFT Debate,” is now live, featuring in one place the best arguments, opinions and news from the voices driving both sides of the high-frequency trading (HFT) debate and media firestorm ignited recently by the CBS 60 Minutes interview with Michael Lewis, author of “Flash Boys,” published on April 1st.
The anger and rhetoric surrounding high-frequency trading has never been more intense but the financial industry appears no closer to a resolution about HFT’s place in a fair and efficient market. To help facilitate this conversation, TabbFORUM, created for the sharing of current “hot button” capital markets industry issues, has launched “The Great HFT Debate,” the newest in their Spotlight Series of issue-centric editorial.
Though the value and fairness of high-frequency trading have been debated among capital markets professionals for years, and HFT occasionally has drawn fire from US regulators since the global financial crisis, the controversy recently has been transformed into a very public, at times acrimonious, trial of Wall Street in general. The battle lines have been clearly drawn,” says TabbFORUM editor Les Kovach, who addresses this upfront in his editorial introduction, “HFT: Why can’t we all get along?”
According to Kovach, market participants, market structure experts, regulators and even private investors have not been shy about choosing sides. “But the polarized arguments within and across the industry have done nothing to educate the public, nor have they generated any sympathy among US retail investors, many of whom see Wall Street as a rarified playground for the rich. To move the HFT debate forward, we believe that people on both sides of the issue need to stop relying on emotionally charged arguments that characterize HFT as all good or all evil and focus instead on the specific behaviors that benefit market efficiency and damage investor confidence.”
In its effort to present all sides of the Great HFT Debate, already airing dozens of articles and video interviews, market participants are invited to contribute to the conversation, adding their opinions to the dialog by contacting Kovach at email@example.com.
TabbFORUM, the online capital markets community for peer-to-peer. contributed opinion and analysis covering current industry issues, now tracked daily by 20,000-plus professionals, was launched autonomously in 2010 by TABB Group, the independent research and consulting firm focused exclusively on capital markets. In October, 2013, QuantFORUM, a new online channel for the global quantitative investing community, went live.