Commentary

Tim Quast
Traders Magazine Online News

We're All HFTs Now

In this guest commentary, author Tim Quast looks back at the history of HFT and how the market has evolved to where many firms now fit the definition of high-frequency trader.

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May 31, 2001

FD's Cause Celebre

By Gregory Bresiger

The quantity and quality of financial information provided by public companies has declined because of regulation FD, according to a survey by the Securities Industry Association.

"FD has produced some benefits, but our study shows it has also imposed significant costs well in excess of those presupposed by the SEC," said Frank Fernandez, chief economist and senior vice president of research for the SIA. The trade group also charged that the reg is the cause of the near record levels of market volatility. ART-