The issues that remain un-addressed are most important, as flash crashes have significantly grown and the core legality of certain HFT practices remains unquestioned in most public debate
Investment management magnet Cliff Asness has a problem with a Bloomberg View piece on High Frequency Trading (HFT) with particular focus on issues brought up by Michael Lewis in the book Flash Boys. While he makes good points, the real mastery of the HFT debate is how the key issues remain undiscussed.
http://www.valuewalk.com/2014/06/asness-high-speed-trading/
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