Vedder Thinking | News Sam Tyfield Discusses How MiFID II Will Affect High-Frequency Trading in ILFR Article
Sam Tyfield, a Shareholder in the firm's London office and member of the Investment Services and Finance & Transactions groups, was quoted by ILFR, a market-leading financial law publication for lawyers focusing on international finance in financial institutions, corporations and private practice, in its May 2014 online magazine.
The article, "How to Regulate HFT's Secrets," addresses the current state of the controversial high-frequency trading (HFT) technology used today by some of the world's largest banks and discusses what the future holds for HFT. Later in June, the European Securities and Markets Authority (ESMA) will enact the Markets in Financial Instruments Directive (MiFID) II in an attempt to create a fairer market, which will greatly affect brokers and exchanges worldwide. Mr. Tyfield provides commentary on how these new laws will affect the industry and traders in particular. "I don't think people have thought the consequences of it through," Mr. Tyfield states. "The fact that it [MiFID II] would exacerbate the technological latency arms race is something not many people have considered."
To read more of Mr. Tyfield's commentary on the future of HFT, click here (login credentials may be required).