Most US institutional equity management traders think that off-exchange activity is now hitting market quality but opinions vary over what should be done about it and by whom, according to research from Tabb Group.
HFT ; dark pools and other arbitrage trades will obviously affect market quality ........... Did anyone seriously think it would increase quality ?
Currently dark pools are better than HFT to which i agree but thats like comparing herion and cocaine !
Its interesting that we call the industry as either a buy side or sell side when for most there is hardly a difference in business and operations. This blurring of divisions is one reason why quality is hard to provide and even harder to prove. A regulatory
and legal restruturing is called for but the presuposes that regulators know what they want and know how to police it
I wont hold my breath
Competitive PackageLondon or Frankfurt
© Finextra Research 2015