Currency platform plans to curb HFT

08/26/2013 | Reuters

ICAP's currency-dealing platform, EBS, is set to introduce a latency floor for the Australian dollar-U.S. dollar currency pair, a move designed to lessen possible advantages gained by high-frequency traders. "We're not in the business of providing race tracks. We're providing a market for everyone," EBS CEO Gil Mandelzis said earlier this summer. "We're not anti-HFT. We're against speed-only strategies."

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