ANOTHER EXAMPLE OF CMCRC RESEARCH HAVING REAL WORLD IMPACT ON THE MARKET DESIGN DEBATE

New research published by CMCRC researcher Dr Hui Zheng and Professor Vanidhar Subrahmanyam, demonstrates that order cancellations rates so frequently associated with HFT and put forward as evidence of the adverse consequences of such traders is dispelled in a new paper which examines cancellations rates for all traders in markets.  Read more from Mark Spanbroek, Acting Chairman, FIA European Principal Traders Association and download a copy of the paper at SSRN