Source: MarketsMedia.com | 07 Oct 2014
While some market participants and observers believe automation and speed are over-emphasized in exchange trading, there is broad agreement that on balance, technology has massively increased efficiency, and there is no turning back.
“Technology has been a major driver of what’s happening in the exchange space,” said Steven Hughes, vice president of sales at Exegy, a provider of market-data hardware. “It’s like toothpaste — once it is out of the tube you cannot put it back in.”
Hughes spoke on the Exchanges, Technology and Market Structure Panel at Markets Media’s Chicago Trading and Investing Summit in September.