NYSE catalyst for HFT growth
First Published 8th March 2010
Brian Hyndman, SVP Transaction Services, Nasdaq OMX talks to Automated Trader's David Clayden at the RTS hosted round table "US Equity Forum" in New York on 4th March 2010.
Automated Trader's David Clayden caught up with Brian Hyndman, SVP Transaction Services, Nasdaq OMX and one of the panelists at the Bloomberg offering" >RTS hosted "US Equity Forum" in New York last week to find out about Nasdaq OMX's offering to the high frequency trading community.
With high frequency trading now accounting for 55 to 65% of Nasdaq OMX volumes, Hyndman talks about the inherent reliability and scaleability of their platform, and cites NYSE's move from floor to electronic trading approximately three years ago as the catalyst to exponential growth in high frequency trading.