JPMorgan’s Kolanovic Slams HFT, Says It Stepped Back During Crisis

Mark Melin

Published onSeptember 25, 2015

Updated on May 13, 2021

High Frequency Trading (HFT) is the opposite of human liquidity providers in a trading pit and HFT is in large part responsible for the August 24 market crash, J.P.Morgan’s Global Head of Quantitative and Derivatives Research, Marko Kolanovic, said in a research note dated September 24.

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J.P.Morgan’s Marko Kolanovic weighs in on the controversial topic of human vs robotic led markets

Commenting on “Derivatives Gamma, HFT Liquidity and Market Dislocations,” Kolanovic drew significant distinctions between how human market makers managed liquidity during crashes and the disappearing influence of HFT during market crisis.

“HFT is fully engaged...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

JPMorgan’s Kolanovic Slams HFT, Says It Stepped Back During Crisis

J.P.Morgan’s Marko Kolanovic weighs in on the controversial topic of human vs robotic led markets

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