Where are the NYSE’s HFT studies?
Steve Forbes interviewed Duncan Niederauer, the CEO of the NYSE, and asked him about high-frequency trading. Unsurprisingly, Niederauer came out in favor of high-frequency traders:
They’re actually probably the most consistent source of liquidity provision in the market today. I actually don’t think they added to the volatility in the crisis. If anything, the studies that we’ve done would suggest it’s a pretty consistent provision of liquidity that would dampen volatility.
The NYSE has done studies on this? Does anybody know where I might be able to find them?