OSC head leans to the negative about high-frequency trading

high-frequency trading

high-frequency trading

Howard Wetston, the head of the Ontario Securities Commission, believes that markets are fundamentally for long-term investors. That’s not a good sign if you are a high-frequency trader wondering what policy makers are going to do to your strategy of flipping Canadian stocks.

Mr. Wetston, who has led the country’s most powerful market watchdog since 2010, has reached no final conclusion on the effects on markets of high-frequency trading, one of the hottest topics in financial market regulation. But it is very clear from spending an hour with him in his office, 17 floors above downtown Toronto, that his philosophical starting point is hard to square with the idea of traders using super-powerful computers to churn millions of shares in milliseconds in a bid to capture tiny bits of profit that add up fast.

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About yocijourney

God does not play dice
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