Re:Nine Charged in Insider Trading Case Tied to Hackers
by tptacek on Tuesday August 11, 2015 @03:57PM
(#10043906)
Which particular instance of HFT firms getting early data are you referring to? Different people might be talking about wildly different things when they say that.
The general answer is going to be: the HFT's early access doesn't implicate a principal/agent problem. The people generating the data HFTs act on don't have a fiduciary duty to the shareholders of the companies they report on.
The general answer is going to be: the HFT's early access doesn't implicate a principal/agent problem. The people generating the data HFTs act on don't have a fiduciary duty to the shareholders of the companies they report on.