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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June 30, 2003

More Disclosure Of Soft Dollars?

By Gregory Bresiger

Some lawmakers say that mutual fund expenses would be clearer under legislation introduced by a House of Representatives Republican. Expenses would have greater detail. For example, soft-dollar arrangements would have to be disclosed to the investor under the bill, according to its sponsor, Rep. Richard Baker (R-La).

Baker, the chairman of the House Subcommittee on Capital Markets, says that investors are often confused about how much they're paying. He would have funds disclose transactions costs, including commissions for each fund.