You’ll recall the recent brouhaha over whether the Federal Reserve’s decision to not ‘taper’ was transmitted to or received unfairly by high-frequency trading companies.
There’s been a new development, but first a quick refresher. Read more
Nanex, the market analysts who like to create visual representations of the markets, have animated half a second of trading activity in Johnson & Johnson stock. The results are quite intoxicating to watch:
Not since Andy Haldane noted that an impatient market was not a happy market, has the BoE looked at the issue of high frequency trading and its effects on market quality – and particularly price discovery – in such depth.
From the abstract of the Bank’s latest working paper, by Evangelos Benos and Satchit Sagade, on Monday (our emphasis): Read more