Apr 6, 2014

Manoj Narang on lumping high-frequency traders in with Wall Street

Basically, what we don't like is that, rightly or wrongly, the public view of the financial industry has really plummeted since the financial crisis. I think much of that is well-deserved but the problem with that is there's been very little differentiation between good actors and bad actors in the industry. And what I don't like - and what I tend to take personally - is being lumped in with people who had something to do with the financial crisis. Nobody ever heard of high-frequency trading, nobody ever cared about high-frequency trading before the financial crisis, and because the financial crisis happened to coincide with when people first heard of high-frequency trading, I think those things got conflated, even though they have nothing to do with each other whatsoever.

~ Manoj Narang, "In the Worx: What Manoj Narang thinks about regulation, Europe, volatility and a lot more," Automated Trader Magazine, April 1, 2013

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