One of the biggest US independent high-frequency futures trading groups said it would acquire a smaller specialist trading house in a rare deal that could herald a wave of consolidation in the high-frequency trading world. Infinium Capital Management said it was buying Fox River Partners, a specialist in equity options trading, for an undisclosed sum. The merger comes as HFT is under the spotlight on both sides of the Atlantic, with the SEC and the European Commission studying whether the practice gives some investors unfair advantages over others.
