Special Report on High Frequency Trading (HFT)
I did a quick scan through the special report on HFT’s impact on the market. Here’s the money quote:
James MacIntosh, investment editor of the Financial Times, remarks that fundamental information is no longer reflected in stock pricing (see MackIntosh 2010). He suggests that pricing is now driven by market sentiment and possibly by the increase in trading on trends and patterns.
We will continue to explore this in our Gold posts next week.
