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Employees work at the Tradeworx office in Red Bank, New Jersey. It is an emerging player in the secretive and controversial world of high-frequency trading, and it's dead quiet as staffers pore over the "tape," financial industry speak for the record of the day's transactions. (MIKE SEGAR/)
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TMX still embracing high-frequency traders
TIM KILADZE
— The Globe and Mail
Published
Last updated
Amidst the hue and cry about high-frequency traders (HFTs), TMX Group, the leading market operator in Canada, is sticking with its long-held preference to welcome them to Canada.
“It is our continued view, particularly my view, that they add liquidity to the marketplace,” chief executive officer Tom Kloet said on the company’s quarterly conference call Friday. “And that they keep spreads narrower than the market would be without them.”
