A recent Forbes article featured some research and commentary we published last year on HFT and the Hidden Cost of Deep Liquidity. We received the following query from a buyside trader about one of our conclusions in the research note:
Q: Would sub-penny trading really benefit institutions?
A: Thanks for your question. I think this probably reflects many traders’ intuition that sub-penny pricing creates a difficult trading environment. Traders don’t want to see the real liquidity stayingREAD MORE