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Vedder Thinking | News Sam Tyfield Quoted on High Frequency Trading in International Financial Law Review Article

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Sam Tyfield, a Partner in Vedder Price’s London office and member of the firm’s Finance & Transactions and Investment Services groups, was recently quoted in an International Financial Law Review (IFLR) article regarding high frequency trading (HFT). The article, “HFT Still Divides Opinion,” touches on the conflicting treatment of HFT and how certain reports highlight how much the practice is splitting market participants.

Mr. Tyfield commented that attitudes to HFT have changed over time as some banks are forced to roll back their liquidity providing businesses after they were hit by capital requirements and leverage ratios. He continues, “Somebody has to step in. And if you’re looking for a dynamic market where last look is a bad thing, then there has to be a quid pro quo and that is the electrification of market participants."

He also commented on the Mifid II waiting game, saying “Obviously what we don’t want is even more rules, especially when there are certain ambiguities as is. There’s so much we’re still waiting for on Mifid II that I actually don’t expect answers to anymore.”

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Sam Tyfield