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ESMA Position Paper on HFT (October 2011) [ESMA]
A very useful position paper from ESMA (European Securities & Markets Authority) Securities and Markets Stakeholder Group on High Frequency Trading.
Provides a good definition of HFT, the main drivers and factors behind HFT, outlines the benefits and potential risks associated with high frequency trading and presents some ideas regarding future regulation.
Well worth a read.
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