High-Frequency Trading: Is the Market Rigged?
Is the market rigged? This is the question many investors have been asking after the most recent eruption of controversy about high-frequency trading (HFT). But could all the hype overlook a more serious problem associated with HFT? “The real advantages aren’t reliant on speed at all. The real advantages are built on relationships. And this is where the market starts to get ‘shady,’” writes trader Dennis Dick, CFA, in the latest issue of CFA Institute Magazine.
More highlights from the May/June issue include:
- Why global expansion is a tricky balancing act for asset managers.
- A look at compensation trends for analysts and the link between compensation and job satisfaction for investment professionals.
- An interview with AQR founder Clifford Asness about using academic research to develop profitable investment strategies.
- Building tools for change to shape the future of finance.
Plus articles on the value of geopolitical analysis for investors, how members of CFA Society Ukraine are coping with extraordinary events in their country, why self-regulatory organizations have a critical role to play in financial markets, and how one high-yield specialist uses “nearly all existing financial instruments” to exploit pricing anomalies.
Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.