Norway's Sovereign Wealth Fund Blasts HFT

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Mani
Published on
Updated on

Norway's sovereign wealth fund suggests stock exchange operators should abandon the race for faster data systems and instead focus on innovating for a changing investor landscape.

Norges Bank Investment Management (NBIM), which holds over $500 billion in global equities, called for a more fundamental revamp of trading on exchanges in a recent white paper.

hft

Norway's stock exchanges’ “race to zero” ignores important issues

NBIM, one of the world’s largest equity managers, in its white paper titled: “Role of exchanges in well-functioning markets” argues that stock exchanges are growing...

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports