Freeing the markets from HFT claws

Weighing in on the high-frequency trading debate, Joseph Stiglitz has reminded us that markets exist to provide a fundamental social purpose rather than to deliver profits for short-term traders.

High-frequency traders would be feeling rather paranoid in the wake of Michael Lewis’ highly-publicised attack on their sector in his new book, Flash Boys. After a speech by Nobel laureate and Columbia University professor Joseph Stiglitz this week, they’d realise that it isn’t just Lewis who’s out to get them.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles