Jeff  Carter

We need to have a long dialogue about this. HFT isn’t terrible for markets in general. But the way it’s being done today will kill the markeplace.

American markets aren’t like European or Asian markets because we have independent traders that trade their own money. It’s in our DNA and an integral part of our history. Other marketplaces don’t have the independents. They are bank traders or fund traders.

Electronic Trading Vs Open Outcry

There is a pretty big debate going on among traders right now. Neophytes say it’s about electronic trading versus open outcry, but it’s really a lot more than that.

Jeff Carter

Jeffrey Carter is an independent speculator. He has been trading since 1988. His blog site, Points and Figures was named by Minyanville as one of The 20 Most Influential Blogs in Financial Media.