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HFT Debate: Two Experts Square Off On Market Structure

Ivy Schmerken, Editor-at-Large for Advanced Trading and Wall Street & Technology, covers the Robert Zicklin Center for Corporate Integrity's Debating High Frequency Trading Event on April 30th.

HFT Debate: Two Experts Square Off On Market Structure


ADVANCED TRADING
BY IVY SCHMERKEN

New York (May 1, 2013)

Professor Bernard Donefer of Baruch College and Sal Arnuk, Partner at Themis Trading went head-to-head on regulation, technology and politics surrounding the controversial practice of HFT.

A lively debate on high frequency trading or HFT was held last night at Baruch College in Manhattan featuring two well -known speakers who are polar opposites on the controversial practice.

Professor Bernard Donefer, Distinguished Lecturer and the Associate Director of the Subotnick Financial Services Center at Baruch College, faced off against Sal Arnuk, co-founder, partner and co-head of equity trading at Themis Trading LLC.

Donefer was introduced as the speaker who would defend Frankenstein’s Monster – an analogy coined by The New York Times business columnist Joe Nocera to describe the invention of HFT.

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