JP Morgan: "High Frequency Predator Traders Feast Upon The Signals Of Others"

By Tyler Durden
13 July 2009 @ 09:50 am EDT

When JP Morgan discusses high frequency trading, people listen. When the head of JP Morgan's algorithmic product desk Carl Carries says that high frequency trading is merely a form of parastic market making, people should run for the hills (not in the least due to JP Morgan's proficiency in transforming theory to practice especially as it pertains to various daily trading patterns in the SPY).

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