The European Principal Traders Association and the Principal Traders Group are urging regulators to carefully consider how high-frequency traders affect the financial markets before implementing new rules. "Academic and industry research overwhelmingly supports the important role of electronic liquidity providers in today's marketplace, including those who employ tools such as algorithmic and high-frequency trading. We caution regulators against basing regulations on evidence that is merely anecdotal," said Remco Lenterman, chairman of EPTA and managing director at IMC.

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