HFT adds value to the forex market, says Bank of England
High-frequency trading (HFT) in foreign exchange should continue to be carefully monitored but the controversial practice adds value to the market and should not be viewed with alarm, a senior official at the Bank of England (BoE) has argued.
“Some banks and others do have strong feelings about HFT in FX, but I haven’t seen any evidence yet that it is a bad or dangerous trend. And clearly there is some value as it seems to have become part of the mechanism for moving liquidity around different
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