HFT advocate calls on regulators to focus on wrongdoing

05/9/2014 | CNBC

Peter Nabicht, an advocate of high-frequency trading, offered ideas for improve the markets. Nabicht said regulators should focus on activities that manipulate the market, such as "spoofing." "Manipulation or spoofing hurts all legitimate market participants and those doing it should be removed from the markets. If you do many of the firms using HFT will be the first to stand up and cheer," said Nabicht, policy adviser for the Modern Markets Initiative. "But don't throw out what is working with what needs to be addressed."

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