FX Week USA: Speed bumps not the way forward for platforms
The use of randomisation logic to eliminate the execution advantages gained on foreign exchange trading platforms by some high-frequency traders (HFTs) was denounced as little more than a "marketing ploy" by a group of platforms and technology vendors at the FX Week USA conference in New York yesterday.
Speaking during a panel discussion, David Mercer and Dmitri Galinov, chief executives of LMAX Exchange and FastMatch respectively, agreed the use of randomisation, which is a central tenet of
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