As Asness Proclaims His Love For High Speed Trading, Are Issues Ignored?

HFA Padded
Mark Melin
Published on
Updated on

Investment management magnate Cliff Asness has a problem with a Bloomberg View piece on High Frequency Trading (HFT) with particular focus on issues brought up by Michael Lewis in the book Flash Boys. While he makes good points, the real mastery of the HFT debate is how the key issues remain undiscussed. Cliff Asness notes trading costs have significantly declined In his rebuttal article, Why I Love High Speed Trading, Cliff Asness correctly notes that trading costs have significantly declined in the era of high frequency trading and he points out the primary issue that neutral observers close to market making and…

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HFA Padded

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.