Speed and Efficiency Becoming False Goals in Financial Markets

Speed and Efficiency Becoming False Goals in Financial Markets Wall Street’s high-frequency trading (HFT) controversies reveal the damage it does to longer-term values essential to all markets. But reform is in the works. Submitted by: Hazel Henderson By Hazel HendersonMisgivings were raised in 2012 by Sal Arnuk and Joe Saluzzi …

PRICE DISCOVERY, MARKET COMPLETION AND OTHER FANTASIES OF ECONOMISTS

PRICE DISCOVERY, MARKET COMPLETION AND OTHER FANTASIES OF ECONOMISTS By Hazel Henderson ¬© 2013, for IPS Syndication Service While debating a high frequency trader (HFT) recently, I encountered the familiar rationalizations that HFT contributes to liquidity and price discovery in markets. ¬†Assertions about liquidity are hard to justify after the …