HFT Chief Confident of Reprieve on Mifid Rule

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Michelle Price of Financial News writes that Europe’s top high-frequency trading chief has said he expects a new regulatory proposal, designed to rein-in HFT firms, to be dropped.

Remco Lenterman, chairman of HFT trade body the European Principal Traders Association, said: “I feel that we have come a long way during the past year, and that the debate regarding HFT is much more balanced now.

There is a much better understanding among policymakers of what HFT firms do – although it remains an extremely politicised subject.”

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