GLC’s Theakston: The Idea that Speed Traders are ’Taking Advantage’ of Investors is Bogus
Fri - 04 Nov
Written by Natalia Nuzhnova
For Stuart Theakston, Head of Quantitative Research and Automated Trading, GLC Ltd, of the biggest misconceptions are that high-frequency traders are some-how ‘taking advantage’ of other investors; this is entirely bogus, he says. "They are actually getting paid, in a very competitive market, to provide a service to other investors (that service is immediate liquidity)."
Mr. Theakston, one of the leading high-frequency traders featured in Edgar Perez's The Speed Traders: An Insider's Look...
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