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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July 31, 2004

Dinasours in The Industry?

By Gregory Bresiger

The trade-through rule "is not related to speed," says Instinet CEO Ed Nicoll. Instead, it is a rule "that substitutes the judgment of the federal government for the marketplace," Nicoll told members of the U.S. Senate's Banking Committee. Nicoll complained that those who want to preserve the rule "find themselves unable to compete with new, nimbler competitorswho are able to adapt to consumer demands."