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 2008 Edition

Featured Articles

Thrills and Chills

By James Ramage

Letter from the Editor

Beyond Volatility

I'd like to share a tidbit about last month's cover story on fragmentation that I found ironic. The anchor of the feature story was a survey of buyside traders' views on fragmentation. One school of thought, as the article pointed out, said fragmentation is nothing more than competition. Who can be against competition, right? Here's where the irony begins: Before May Day (1975), a firm by the name of Weeden & Co. looked to challenge the New York Stock Exchange's unfettered power. Don Weeden, a principal there, fought for increased competition between market centers, as well as for an unfixing of commission rates. This battle between Don Weeden and the NYSE has been widely chronicled in numerous books. History has proved that Don Weeden was ahead of his time.

Rules and Regs

Vendor Solutions

Clearing

Small is Beautiful

By Gregory Bresiger

Buyside Snapshot

Trading's New Playground

By Michael Scotti

On the Move

People On The Move

By Editorial Staff

Word for Word