HFT: In Search of the Truth

Jay OwenReforming Global Finance, Advisors' Forum

Most studies on the impact of high-frequency trading on market quality include at least one fatal flaw. But the truth is out there. Statistics is a funny field – you can generally construct well-reasoned, well-supported arguments on both sides of an issue. I have found a paucity of independent, objective …

HFT: In Search of the Truth

Jay OwenReforming Global Finance, Advisors' Forum

HFT: In Search of the Truth Most studies on the impact of high-frequency trading on market quality include at least one fatal flaw. But the truth is out there. Statistics is a funny field – you can generally construct well-reasoned, well-supported arguments on both sides of an issue. I have …