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Aug. 30th, 2014 12:56 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
birdwatcherFormer CFTC Commissioner Chilton to Advise HFT Lobbying Firm.
Bart Chilton, one of the commission's most vocal opponents of high-frequency trading (HFT) during his time with the regulator, will now serve as an advisor to Modern Markets Initiative (MMI), a group which advocates on behalf of and is backed by a quartet of HFT firms. “The role and benefits of high frequency trading are misunderstood by many,” said Chilton in a statement. “Through education, transparency and the right type of constructive regulation, HFT’s role will be accepted and endorsed as essential to today’s modern markets.”
Bart Chilton, one of the commission's most vocal opponents of high-frequency trading (HFT) during his time with the regulator, will now serve as an advisor to Modern Markets Initiative (MMI), a group which advocates on behalf of and is backed by a quartet of HFT firms. “The role and benefits of high frequency trading are misunderstood by many,” said Chilton in a statement. “Through education, transparency and the right type of constructive regulation, HFT’s role will be accepted and endorsed as essential to today’s modern markets.”