March 4, 2013
By Mike O’Hara
4th March 2013
The nature of the high frequency trading business is that HFT firms generally like to target “low hanging fruit”. They spot an opportunity and - using their models and technology - proceed to pick it, quickly and efficiently.
This works well for a while, but what happens when - as is increasingly the case in the European and US markets - all the low-hanging fruit has been picked?
Firms are faced with a...