'Barracuda trading' swims to the fore in Europe

Kay Swinburne, European Conservatives and Reformists economics spokesperson

Lagarde's remarks stand in stark contrast with those of Alexander Justham, director of markets at the UK's Financial Services Authority, who told a liquidity conference in London that he foresaw "no inherent problem with the speed of trading rising."

The remarks come on the back of an announcement by the British Government this week that it is funding a study of how HFT might shape London as a financial centre over the next decade. Mark Holban, the UK's Treasury Secretary, said the project will

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